| United States Taxes |
| Tax treatment of social security benefits for children? |
Assuming that your children have no other income (or very little) you do not file a return for them and you don't report the income on your return. Therefore the income is non-taxable. ... |
| More can I claim my housekeeper as a diduction on taxes? |
You can only take a deduction for this cleaning on a prorated bases related to the business use of your home. Generally that would subject you to a number of issues which would not make that a wis... |
| I'm 18 and have tax questions...? |
Probably. Go to www.irs.gov. ... |
| Income from operations does not include? |
Interest income
Follow up: Admin salaries go into SG&A which is part of the operating income calculation. ... |
| Is there a way that I can go online now and figure out how much my tax refund will be for 07? |
I did a pro forma calculation on my 07 tax software and with you being single, no kids, and take the standard your refund is 960. But keep in mind saver credits, IRA deductions, 401k deduction, et... |
| Online Poker taxes? |
#1 - Take you opinion parts to your blog (war, gay, etc). They don't belong here on answers.
#2 - Gambling winnings have been considered part of income by the IRS for quite some time. Whi... |
| I sold an investment property and got a 1099.? |
On schedule 4797 disaposal of biz assets you will be asked for sales price which which is 69k then it will ask for cost and 34k + 24500 and sales cost which in turn is treated as if it were basis.... |
| FICA $2121.02, my question is what part of FICA is social security and what part is Medicare (amount wise)? |
Social Security is taxed at 6.2%. Medicare is taxed at 1.45% ... |
| Taxes on self employement income under $400? |
If your total income for the year was less than $600 then you would not have to pay taxes. Remember that is for the year, not for a pay period. If you had more than one job, and those jobs togeth... |
| Hi My annual income in NY will be $63000. I'll stay there for 6 months only? How much total tax I need to pay? |
It all depends on your book keeper, and how well you keep records. Think you should be in the 18% bracket. ... |
| Insurance deductable on a duplex? |
The portion applicable to the rental part is deductible.
If half the square footage is for the duplex, you could deduct half of the insurance, taxes, mortgage interest plus 100% of repairs and oth... |
| How do I figure out what the tax is on items. If something is 33.26 and the tax is 6.5%? |
multiply 33.26 times .065 which will give you an answer of 2.16 ... |
| How much should I expect on tax return? |
You can put your check stub information on
... |
| How much can one expect to pay in penalties and taxes for early withdrawl of an IRA? |
The withdrawal will be added to your income and taxed at your highest marginal rate plus there will be an additional tax of 10% of the withdrawal. ... |
| I'm an American citizen who worked in Canada this year. Taxes were withheld. How do I file? |
you get to file in both Canada and Ontario and the US and the state you live in here [if it has income taxes].
What a lucky duck you are!!
***
some of the Canadian taxes paid will be a credi... |
| My fiance was told he owed back property taxes in Pennsylvania from 1993 and 1995.? |
Property tax follows the property not the owner so it should not cause a problem in buying a house in Virginia. If you sold the property in Pennsylvania, any delinquent taxes would have been paid ... |
| Can I use my last check stub of December to file my taxes so I don't have to wait for the W2? |
You must wait for your W2 to come in before you file. Your last pay stub may be incorrect or misleading. Most of the time it is correct, but as was said, you don't want to have to file an am... |
| I read on here that you can't submit your taxes until Jan.11??TRUE??? |
True. The IRS is not accepting e-filed returns until Jan 11 at last check. ... |
| What is the tax deduction amount to the dollar on spausal support.? |
As I understand it, you are making $100,000, $63,000 goes to your ex-spouse, and you donate $25,000 to charity.
That means your adjusted gross income is $18,500. If you have no dependants and a... |
| What kind of companies file a schedule K-1? |
The S-corp files an 1120S with a schedule K-1 for each shareholder.
The partnership files a 1065 with a schedule k-1 for each partner.
The C-corp files an 1120 and distributes income via divi... |
| About how much federal tax would be taken from a bonus of $26,000? |
Well, it depends on how your company chooses to handle it. There are two options.
Some people think that you have to take a "statutory" flat rate of 25%. However, this isn't true,... |
| How long would you have to have a child to be able to carry them as a dependent on you taxes? |
Well, the first 7 answers were interesting...but none of them were totally correct, most of them not even close.
First let's start with what you mean by child? Is this your child or someone... |
| $15,500 ROTH 401K deferral, counts as $24,500 salary? |
Yes....the business paid you gross income of $24,500. The net income was $15,500 and that was deposited into the ROTH account. ... |
| Does accrual of benefit in defined benefit plan stops at retirement? |
Usually, it stops at retirement. I have learned to hedge my answers...as there are some surprising circumstances that allow it.
But, if you are/were only an employee and no longer drawing an in... |
| Can my girlfriend claim me on her taxes even if i worked some of the year and took out a student loan? |
She can not claim you, no matter what. ... |
| Annual income for a urologist?!?!<10 points? |
Really depends on the location they practice (City/State)
BUT according to payscale.com, it would be (on US average) about $160,000 annually. Plus perks including educational reimbursement, 401B... |
| What's the maximum I can make without having to file taxes? |
Last time I checked, if you made less then $600, you did not have to file.
However, if you do file, you would qualify as low income and most likely get a refund back. The refund would be all ... |
| Does Changing the Title on a Condo, and Selling it same year mean Bigger Tax pay to the gov./state? |
I know of no such rule. The transfer you describe would qualify as a gift. Assuming the property is worth more than $12,000, the donor would have to pay a gift tax. When the donee sells the propert... |
| So I fill out all my stock trades on schedule D then.....? |
You are responsible for recording what sales were wash sales. The IRS will not do it for you.
If within 30 days before or after the disposition of a security that you sell for a loss, you purch... |
| Sould we do away with the I.R.S. and go to a flat tax.? |
Yes. We should implement the fair tax. That would put each citizen in charge of how they spend their money and how much they are taxed because it is based on how much you spend. ... |
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