 Why do people with children get so much more money back in taxes? |
| I work just as hard and pay in just as much, if not more, due to the fact that some mothers stay at home with their children....so why do they get so much more money back? My sister has 3 children ... |
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 How much money can my siblings and I give to our mother per year, before we have to pay taxes? |
| How much money could any one of us give her before we have to pay taxes? Considering there are four of us, is there a total she could receive in aggregate? This is in the United States.... |
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 If everyone in England didn't pay for the things that the taxes are going up on? |
would that mean that the government would have to lower the taxes?
Additional Details
we can get food in other ways, grow it etc, also, who says we need to pay!?... |
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 I gave my Mobile Home to my son. Can I claim that on my taxes for a exemption? |
| At my age I wanted to make sure that everything was taken care of prior to my death so I gave one of my sons my Mobile Home and moved into an apartment. Is it possible for me to receive credit for ... |
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 Gas guzzlers road tax up again? |
| if everyone stopped buying them the government would be knackered they probably rely on the income to pay themselves expenses.... |
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 If my parents claim me on their taxes, do they get the money I was supposed to receive in my stimulus check? |
| I'm 19 and I moved out of my parents house in Aug 07. My parents said they would figure my taxes with their tax attorney. My mom and the tax attorney assured me that I was going to get $600 on ... |
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 I work as an independent contrator I'm 18, what will happen if I dont pay my taxes? |
Additional Details
im asking this because i dont have the money to pay.. what if i only dont pay this year but pay next ... |
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 IRS Tax Stimulus Rebate - Why did I only receive 300? |
| I was 18 when I filed (I'm 19 now), filed as independent, and I don't owe anything extra that would give the IRS a reason to cut my rebate in half. I woke up to find that I only received $30... |
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 If you made under $1000 in 2006 do you need to do taxes? |
| I know it's somewhat late to ask. I did this small job while in university. My school did not take out any taxes. Any tax experts know?... |
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 How a student can get PAN card? |
| PAN card implies Perminent Account N... |
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 SBBT getting a strange message when I log in, please advise.? |
| The IRS did not deposit funds to your account as originally expected. The IRS usually makes refund deposits within 9 to 16 days, but your deposit was not received within that period of time. At times ... |
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 Do you claim unemployment with the state you work in or the state you live in? |
Additional Details
Ok maybe I need to add details.. I work in Missouri, Live in IL. Just got Temporary laid off starting last monday, Company is low on work since the economy is so bad ... |
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 Could the USA survive without property/income taxes? |
If we abolished property and income taxes, but also all welfare programs, could we (the USA) still support our military, education, etc? Assume that we pay our debts off, then could we?
A... |
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 Do Amish communities pay taxes? |
| Since they are basically self sufficent do they pay federal and state taxes? Are they eligible for SS beneifts and medicare/medicaid?... |
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 How likely is it to get audited by the IRS? |
| I ask because I am self employed and have to keep receipts for EVERYTHING. My mom is always ragging on me because you "never know when you could get audited" because I haven't been ... |
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 What are your views on cutting VAT to 15%? |
What will this mean?
save a few pennies now but cost us dearly in the future?
How will this affect those trying to make an honest living and struggling with bills and mortgages? ... |
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JennyJ | Business owners, does this happen to you.....? |
Every time I go make a deposit at the bank I can't stop thinking about all the money i will owe in taxes next year. This honestly worries me although I am very happy that business is going well. I don't pay taxes every three months because I didn't expect business to go so well, but thats definately what I'm doing next year. I was just wondering if there's anyone out there that feels like me.
Additional Details
My CPA takes care of everything, but somethings are just un-avoidable |
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Trevor
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I know exactly how you feel and it's depressing to even think about it.
Open a second bank account (a high interest one) and put money away to cover the tax bill when it arrives. Forget that the money in that account is yours then it's not quite so hard to part with it when the time comes. |
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Lauren1980
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Of course business owners feel that way. Did you know that there is a form from the IRS that you can estimate your tax payments as you go and pay if you like. This might give you some piece of mind. Also remember that you pay 15% instead of 7 1/2 % because you have to match your own withholdings plus federal income tax. Open a small savings account and set aside money for the tax season. If worst comes to worst you can always pay your tax liabilty out through a payment plan with the IRS. Go to their website they have all kinds of good info. A good accountant or CPA although expensive will save you lots of money in the longrun too. |
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Chris S
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If you are an upstarting company, small, without many resources, it is best to purchase a lot of things with money earned. In other words, buy that fax machine and office space you need (but do not purchase personal items!). You can expense these work related things on your taxes as company loss and you will end up paying less taxes, although you will have in a way invested in your company through getting materials you need to work more productively. You can thus earn more profit through working more productively and when you earn more, taxes become less of a problem. I hope this helps. |
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maddy
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Well there will be more tax to pay the more you lodge but it also means that the business is doing really well so congratulations. There is no escaping the taxes so paying in 3 monthly increments sounds like a great idea |
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3eleven
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Just drop some ES payments in the mail...... |
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kobacker59
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No. |
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DeltaQueen
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No, because I always work closely with my CPA, to insure that I don't make FATAL mistakes. |
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bostonianinmo
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I'm no fan of having to write out those quarterly estimate checks, but if you don't you WILL be hit with some significant fines and penalties when you do file your taxes. Your CPA has certainly advised you of this and that taxes are due when the money is earned, not on April 15th of the next year. If he or she hasn't advised you of this, get a new CPA; that one is incompetent!
And if it's your payroll taxes that you're not depositing, it won't be long before the IRS padlocks your business, freezes your bank accounts, and slaps a tax lien on your home. Slow-leaking on your personal income taxes is bad, but the IRS gets downright vicious when it comes to payroll taxes because THAT affects your employees as well. |
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Guitar Dood Number 1
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i used to own a buissnes and i felt the same way |
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Texas Cowboy
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Yes, I do. I hate taxes. |
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PJ
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I have a business but I specifically do not pay the taxes, because the business is not in my name. I have nothing to stress about there. my accountant however has somebody that worked for the IRS as an employee...so there are ways to get around things and get bigger returns. |
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