"They" will keep your tax check until you pay off your debt or until the statute of limitation for collecting the debt expires, whichever comes first.
No
Tax laws change every year. Check with your accountant.
You should keep a W-9 tax form for as long as you need it for tax purposes, typically at least until the end of the tax year in which it was issued. If you are using the information to prepare tax returns, retain it for at least three years after the tax return is filed, as the IRS can audit for that period. If the W-9 is related to someone who has not been paid in a while, it's wise to keep it longer in case questions arise. Always check with a tax professional for specific retention guidelines.
No it is not tax deductabkle,However it will raise the value of your home. Keep all reciepts to add on if you ever decide to sell .
What ever your marginal tax rate is after your income tax return is completed correctly for the year. Could from 10% to the Maximum 35% tax bracket amount.
about 120. Keep in mind that they also hit you with an income tax on the 120 even though you don't get to keep the 120. Then if you ever get any of it back guess what. They hit you with an income tax on it again.
To contribute to your HSA for the previous year, you can typically do so by making a contribution before the tax filing deadline, usually April 15th. You can make a contribution online, by mail, or through your employer if they offer this option. Be sure to check the contribution limits for the year and keep track of your contributions for tax purposes.
I believe the question you were trying to ask is can you get a tax "refund" if you owe tax from a previous year. The answer to that question is NO. Your tax refund will always be applied to any current tax liability. If your tax liability is less than the expected refund you will receive only a check for the difference.
yes, but it is illegal
SInce most dental offices are small business, the same software doctors use would apply. TaxAct and Turbo Tax are both good. It is important to make to keep the software current and check the net for update. There are some new tax breaks for dentist this year.
When you have the check in your hand you do not have any more taxes taken out of that check amount until you file your income tax return after the end of the tax year and the amount is included in all of your other gross worldwide income on your income tax return.
Whether you need to file a tax return for the year 2016 depends on your income level, filing status, and other factors. It's recommended to check the IRS guidelines or consult a tax professional to determine if you are required to file a tax return for that year.