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What else can I help you with?
How do you exempt tax refunds?
Exempt them from tax? Federal refunds were paid with after tax $ and aren't taxable..but they are reported. State ones are, as you got a deduction for them when paid. There is no option to exempt them.
Will you receive income tax return if you owe the IRS?
No the IRS will withhold your refund until the tax debt is paid. I know I had that happen to me and when it was paid in full I was able to start getting my refunds again.
If you paid 765 dollars this year in federal tax payments that were owed for a previous year is this your deductible?
Federal taxes paid or payable, (even if paid in the current year), aren't deductible in calculating your federal taxable income. State income tax payments may be deductible in determining your federal tax taxable income. And refunds received of a prior years State income tax may therefore be included in the current years federal taxable income.
How do you record a refund accorrding to GAAP?
GAAP requires that refunds that are adjustments of amounts previously paid be credited to the expense account where the original purchase was posted.
Paid tax in advance?
Almost all income taxes are...thats what withholding is...and if you don't have that you must make estimated payments through the year. You take the credit for what is paid on your return, and that is why many get refunds. Underpaying, or not paying, incurs substantial penalties and interest.
How do you exempt tax refunds?
Exempt them from tax? Federal refunds were paid with after tax $ and aren't taxable..but they are reported. State ones are, as you got a deduction for them when paid. There is no option to exempt them.
Do you get your state income tax back?
State income tax refunds are issued when you have overpaid your state income taxes throughout the year. If you have paid more than you owe, you may receive a refund from the state.
In what state are cna paid the highest wages?
California
Are IRS tax refunds taxable?
No, you already paid tax on the money you used to pay taxes, you just paid too much of it, and therefore it is not taxed again. State tax refunds, when they are used as a deduction from federal taxable income, gets the opposite result - they are federally taxable<a href="http://www.acalculator.com">.</a>
What are tax refunds and how to get them?
Tax refunds are refunds that are issued to you by the government when you have paid more taxes than required. This is calculated when your income taxes are filed, and some people qualify for a refund while others may owe more money than they have already paid. Here is a more detailed explanation:
How do you get out of past child support?
If there was a court order for support and the stipulations were not met, all arrearages must be paid. State child support enforcement agencies have the legal options of wage garnishment and seizure of the obligated parent's federal and/or state tax refunds until the debt is paid.
Top 10 Cities with high paid correctional officers?
California State
How are refunds commonly returned to customers?
Refunds are commonly returned to customers in the same method that the customer paid for the merchandise. If one paid with a credit card, then a credit is added to the credit card. If a customer does not have a receipt, the refund is usually issued as a store credit.
How much you get paid for police academy?
You are paid at the police recruit level, which is obviously less than an actual officer is paid and varies from state to state etc. You are paid as an employee of the city and or state that your going to be an officer in and you also are given health benefits.
Does California require traffic tickets to be paid off or do they require going to traffic school?
If you have received a traffic ticket in California, then a California State Approved Traffic School is a great way to dismiss your traffic ticket and lose the points from your driving records. I Drive Safely is a good choice for California traffic school online.
What is California's senator's annual salary?
state senators and representatives are paid an annual salary of $110,880
Can the IRS garnish alimony and child support payments paid monthly?
The IRS does not garnish these payments (except from their employees). The IRS will, at the State's request, intercept tax refunds to collect unpaid child support.
