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Taxes are paid throughout te course of the year, by either payroll withholding or by making required payments every quarter using Form 1040-ES. Failing to do so, to the required maount per the formulas provided with the form, subjects ou to additional automatic penalties and interest.
Wiki User
∙ 15y ago
Wiki User
∙ 12y agoFederal tax RETURNS are due in the US on April 15, or the first business day after April 15 if that date is a weekend or holiday date.
Federal tax payments are due all year round--people who work for someone else have one schedule, people who work for themselves have another and so on.
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What are four sources of government revenue?
Federal revenues come from a variety of sources that include payroll taxes and individual income taxes. Other sources of federal revenues are corporate income taxes and excise taxes.
How can federal government affect fiscal policy?
Generally speaking the fiscal policies of the US Federal government are related to the monetary policies of the US Federal Reserve System. With that said, US fiscal policies of the Federal government can affect the economic situation of the US. The Federal government can do the following to influence the US economy, all of which are meant to improve the economy, however, that may not be the intended result. Here are some but not all examples of how the economy of the US can be affected by the Federal government:* Increase or decrease income taxes on personal and corporate income;* Increase or decrease gasoline taxes;* Increase or decrease tariffs;* Increase or decrease capital gains taxes ( part of income taxation );* Increase or decrease social security payments;* increase or decrease certain Medicare prices (costs )* increase or decrease Federal employment policies;* increase or decrease social spending in terms of food stamps as an example; and* Increase or maintain current levels of the national debt ceiling.
What is the difference between state and federal taxes?
You will want to consult with your tax specialist for each state you need to file your taxes with. Filing multi state returns can get very complicated, as each state has different rules. The only states that do not have state income tax is florida, Alaska and Nevada and New Hampshire and 5 others. If you live in a state which imposes tax you must file both federal and state tax returns each year.
Where does the federal government gets most of its revenue from?
Taxes
What are the federal government's main sources of revenue?
Taxes
When are 2009 taxes due?
Federal Form 1040 is due April 15, 2010.Other types of taxes such as corporate taxes, estimated taxes, local taxes, property taxes, employments taxes, excise taxes all have their own due dates.
When are taxes do?
Federal income taxes are due April 15 of the following year.Most state income taxes are due the same day, but check with your state.Other taxes such as property taxes, estimated taxes, sales taxes, etc. each have their own due date.
Do your race have any bearing on your federal income taxes?
Race does not have any bearing on US Federal income taxes.
Can federal taxes paid in 2007 for tax year 2006 be deducted for 2007 taxes?
No. Federal taxes are never deductible from Federal taxes! (Even if you paid them the year they were due. Certainly paying them in a later year won't produce a benefit).
Can additional federal taxes paid in 2007 for tax year 2006 modify your state taxes for 2007 taxes?
No. While State taxes are a deduction to Federal income and hence may change your tax due to the Feds, your Federal tax does not effect your State taxes in any year.
Who fund US?
Anyone who pays federal taxes.
What is the general term for all taxes paid to the national government in the US?
federal taxes. ---PLATO
Who funds US Army?
Anyone who pays federal taxes.
What is the federal agency responsible for collecting taxes?
Where? In the US its the IRS.
What do large US cororations pay in Federal income taxes?
what do large US corporations pay in Federal income tax
When are federal income taxes due?
The total amount of your federal income tax that is due for the calender year taxpayer is usually due to be postmarked before MIDNIGHT April 15 of the year after the tax year that the 1040 federal income tax return is for. After that due date penalties and interest will start to be added to the amount of past due taxes until the amount is paid in full.
When can federal taxes be taken?
Generally your Federal Income tax refund can be taken to pay any past taxes due, unpaid student loans, unpaid and delinquent child support due, and most any amount due to a federal or state agency. It is far more unlikely for the refund to be attached for normal credit balanced due if not due to a government agency though it has been done.
