| Other Taxes |
| Relief checks? |
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"Relief" is what they once called what we refer to today as "welfare". It's government payments to individuals who are in need of financial support.
Relief became... |
| I am easy-goer. I am fed up of filing papers. Just can't stop coming. Any advice plz.? |
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Take a lunch break.I don't understand your question.Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you.... |
| Are mid year and 13th month bonus are covered for a witholding tax? |
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All pay given to you from an employer is subject to withholding taxes. The only difference is anything you may make as an independent contractor, in which case you still have to pay quarter... |
| Are mid year and 13th month bonus are covered for the withholding tax? |
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Sorry Bostonian I normally agree with your answers, however, you are half right. Bonus (supplemental payments) are taxed at either 25%, if identified as bonus/supplemental, Unless the supple... |
| Do I have to file a 1099 Form to the IRS if I send Money to an International person - UK, Spain, Mexico...? |
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Payments to a non-resident alien don't require the filing of a Form 1099.... |
| What are the pros and cons of the Fair Tax? |
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This addresses both the "Flat Tax" and the "Fair Tax" issues. Both of these are regularly bandied about as a solution to an alleged "tax crisis" in the US. IM... |
| What is the time limit on getting audited by the IRS? |
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Three years if there is no major amount of income not reported, longer if fraud is suspected. But the clock doesn't start running until you file, so if you didn't file, there is no ... |
| Did I have to file taxes, and if so, how do I take it from here? |
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Scholarships aren't taxable as long as they are given to a degree-seeking student, are not labeled as a "stipend" (for living expenses), and are to be used for tuition, books, ... |
| I want to know my TIN Number? |
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It is your social security number if you have one. You should look at your most recent tax return to find it. If however, you need to FILE a tax return for the first time as an immigrant a... |
| Waht exactly means "you have unused federal tuition and education amounts" means? |
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They are unused amounts carried forward from previous years that are shown on your Notice of Assessment or Notice of Reassessment. Even if you have no tax to pay and you are transferring all... |
| 1099-B Tax Question- Proceeds from Broker Transactions? |
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Actually, it depends. You mentioned that you're a student, but you didn't say whether or not your parents still claim you as a dependent on their tax return. If they still claim yo... |
| What is the best country to have an offshore company? |
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I reckon that the best option for you is to consider setting up an offshore company in Anguilla or British Virgin Islands. These jurisdications are tax-free and are less costly to maintain ... |
| How often do you file taxes when you run a childcare business???? |
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You file a tax return once a year, just like anyone else does. If you are self-employed and expect to have more than $1,000 in tax liability at the end of the year you must make quarterly e... |
| Are companies that contribute to charities are exempt from taxation? |
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Companies that contribute to charities are NOT exempt from tax, better, they can claim Fair Market Value (determined by whatever charity they donate to) or if just straight monetary contribu... |
| I am 17 years old and I am wondering how much I can make before it would affect my financial aid? |
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If your parents are low income you would still be eligiable for financial aid.... |
| What does it mean to when the revenue agency tells me I can "carry forward" unused education amounts? |
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I'm not familiar with Canada's taxing agency or its rules, but generally when regarding taxes, "carry forward" usually means that in the next year when you file your taxes ... |
| What are Sales Proceeds? |
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Money that comes from the successful sale of a product or service.... |
| Are parking tickets valid business deductible expense if they incurred while on a business trip ? |
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No. They are not necessary to the production of income. Now, if you paid to park in a parking lot, THAT would be a legitimate tax deductible business expense.... |
| Taxes on sale of home co-owned with siblings...? |
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If all 3 own the house as in all three names are on the deed, and all have lived in the house for 2 of the five years preceding the sale date, yes
When you sell, at closing, you would n... |
| The Taxpayer Relief Act of 1997 did what? |
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C. Plus the biggie: Exclusion of gain on sale of a personal residence.It also added about 20% more paperwork to the entire process; say goodby to another forest or two.... |
| Is tax deduction on depreciation allowed to lessor under sales type lease? |
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The above answer is completely correct. Until the lessee becomes the legal owner of the property they cannot take a depreciation deduction although the lease payments would be deductible if... |
| Difference between accumulated depreciation and why is dep inflow? |
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I'm not sure what you're asking here. I have no idea what dep inflow is. But as for accumulated depreciation, that is the build-up of depreciation taken over a number of years. For e... |
| Is the amount of tax deductible donations cumulative or singular? |
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It is a singular number, and what it refers to is if you give $250 or more at one time to a charitable organization they are supposed to give you a letter indicating how much your contributi... |
| What is sswh found on my pay check stub weekly. why am i paying this? |
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more than likely that stands for social security withholding. In addition to federal withholding, you also have social security withholding and medicare withholding (both of which your emplo... |
| I pay mcwh? sswh? fitw? sitw? |
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and you want to know what exactly? mcwh = medicare withholding (1.45% of your medicare wages). sswh = social security withholding (6.2% of your social security wages). fitw = federal income ... |
| My father hasn't paid taxes in years. now, he is putting his business in my name and said that his reasoning |
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in my experience a family member is the absolute worst type of person to get involved in any type of financial agreement especially with only a hand shake to answer your question YES be wor... |
| VAT. help? |
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If you were [compulsorily] registered to October that is when you start paying VAT on your sales [output tax]. Just because you did not allow for that amount of VAT does not matter. The amou... |
| Is it illegal to not file your taxes if you only made a little bit of money? |
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If when you worked you had no federal income tax withheld and made less that about 3,800 then you would not have needed to file a return. The only reason to file would have been for a refun... |
| Taxes on Lottery winnings ? |
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Federal tax would be slightly less than 35% total. Some states don't tax their own lottery so you may not have anything there at all. Normally they withhold at 25% so you'd have to... |
| How are taxes calculated from your paycheck...where can i get a details? |
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Social Security: 6.2% of all wages up to $97,500.
Medicare: 1.45% of all wages.
Federal Income Tax: Sliding scale, based upon income. varies from 0% to 35%.
State Income Tax: V... |
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