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What else can I help you with?
Do you pay taxes on your checking account?
No, you do not pay taxes on the money in your checking account.
Do I have to pay taxes on the funds in my checking account?
Yes, you may have to pay taxes on the interest earned from the funds in your checking account, but not on the actual funds themselves.
If you deposit a cashiers check to a friends checking account do they pay taxes the money is mine and 5 figures?
If the money that is being deposited into the checking account is a gift, then they do not pay taxes. However, if this is a business transaction, then they may have to pay taxes.
What kind of taxes will need to be paid on a considerable sum of money from a deceased mother's checking account when it is divided between the surviving children?
Estate taxes are what need to be paid. The executor of the estate, or their legal advisor, should have a good handle on the process. If the value of the estate is less then about 1.2 million, there may be no taxes due, but you still need to file.
Is the interest rate paid on savings accounts generally less than the rate paid on checking accounts?
Actually it is the other way round. The interest rate paid out on a savings account is generally more than that paid out on a checking account. Checking accounts offer very little or no interest at all in most countries whereas savings account offer a small interest rate.
Do you have to pay taxes when you are left money as a beneficiary from an IRA account?
taxes are paid upon withdrawal at a later rate
When is your interest paid into your bank account?
Generally a personal checking account which earns intrest will credit the acct. Monthly
How do I record federal taxes paid in QuickBooks?
To record federal taxes paid in QuickBooks, you can create a new expense account for federal taxes and then enter the payment as an expense transaction in the software. Make sure to categorize the payment under the federal taxes account to accurately track and report your tax payments.
How do you find the name on checking account with the checking account number and routing number that paid a bill for me?
You can try to contact the bank that the account is with by searching the internet with the routing number. However, it is not likely that they will give you that information for privacy reasons.
How do you contact IRS about PM not deducted from your bank account for back taxes?
I made arrangement to have $100.00 deducted each month for 2005 back taxes. IRS did not take a payment out of my checking account who do you contact about this
Is it a US checking account or an US checking account?
A US checking Account
If I paid taxes and didn't get a refund will I get a stimulus check?
As far as I can tell, the stimulus check is more about the taxes you paid. The amount you would get is calculated on the amount of income and taxes you paid.
