 Why are tax returns taken when you owe back child support in Texas? |
| My brother owes $30,000 in back child support in Texas and wants to know if the state taking his tax refund constitutes a payment (credit) towards his monthly payment or is this just a method to get ... |
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 I didn't file my taxes last year. What do I do? |
| I worked part-time in 2005, earning about $3000. I foolishly didn't file my taxes. What is the best way to make amends? Can I just use last year's W2 in conjunction with this year's ... |
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 IRS question about a letter I rec'd..Please read!!? |
| When I rec'd all my documents from my job to do my taxes (i did the 1040ez), at first I was going to do it online, but decided to do it myself usuing the form and mail it in. I did it early and ... |
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 In the UK if a debt is sold to another company are you still liable, are you still obliged to pay? |
| A company has purchased a debt from a bank I used to use, am I still liable as I have no agreement with this new company. Would I have to pay the full amount despite the fact that the new company ... |
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 Council house and work full time?? uk ? |
| if ur registered as a homeless single father/mother of one and are awaiting for a council house, would they no longer give you the house if you found a full time job earning 18k or more a year? (... |
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 As an independent contractor, what percentage of my earnings should I set aside for taxes? |
Additional Details
This is for part time work on the side. I have a regular part time job, so my earnings will probably be less than $10,000 a year.... |
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 My mom died, I paid off her debts, can I write it off for taxes? |
| My mom passed away this year, and I spent about $10k in my own money to pay off her credit card debts, etc. since my dad could not afford to. I spent about $9k of it for 3 credit cards, and $1k for ... |
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 Working tax credits in uk,i was overpaid by £800 in the year 2004,now they say i must pay it back,do i have to |
| do i have tp pay it back i thought the government a few years ago waived all overpayments,as it would cause familys hardship,... |
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 Anybody who is schedule to get their paper check May 23rd receive it yet?? |
| My husbands last 2 numbers are 10 and we recieved a letter on Monday stating we should receive our stimulus payment by May 23rd, the irs web site says mailed no later than May 23rd has any one with ... |
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 Stimulus Package Funds:? |
| i would like to know, being that i owe a whole lot of money in taxes to the irs. will i still be eligible to receive the Stimulus Package from the goverment?... |
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 Would my social security? |
| I was just put on social security and my mom is also on it but revieves x amount based on the household income. If I was to live at my college dorm would it still affect my mom's household ... |
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 I inherited land from my late Father. However, he didn't pay taxes owes about $30,000. What do I do? |
| My father passed away in 2006. He didn't pay his taxes from 2003 - 2006 and owes and estimated $30,000. I own the land right now and my mother who is still alive is in a nursing home. My mother ... |
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 Question about taxes? |
| right now i work 60 hours per week and i make 13 dollars per hour. my paycheck is $ 929.50 before taxes and 650.39 after taxes. I am about to get a raise and make 15 per hour. how much taxes will ... |
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 Why do we owe on our federal taxes? |
| We claim 0, filed jointly as married, have no kids, don't own property. We even had extra deducted off of each check. A friend with similar filing staus gets a $1200 refund. What gives?... |
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Alan49 | Can high tax people avoid paying? |
OK, I know this guy who works on the railways, maintenance not train driving, and he claims to make really good money, like more than £60,000 a year because he's some sort of supervisor. I said he must be in a higher tax bracket then, but he said no and that all the guys on the railways have some sort of legal fiddle where they only pay a normal tax percent. Is he bulling me about his earnings and his tax or is this possible? |
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Marky
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Nah.
If he is emplyed, then he is paying at the 40% rate which kicks in around £24,000.
If he's self employed, he may be a contractor and then can offset costs against earnings, but thats no different to any other self employed person. |
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Onestep downfrom God
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It's the "Public Bar" syndrome.
My clients are always telling me about this man they met in a pub, who earns a fortune and doesn't pay any tax, AND IT'S LEGAL.
It's B/S. |
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snowsuit
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no one really avoids paying.
People who work the railroad do make good money.
I think he is full of shitaki. |
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roger.williams20@btinternet.com
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He is either being optimistic about his level of income or is unaware of his tax deductions. 40% tax applies to net incomes in excess of around £38Kpa and the only other possible explanation is that he incurs very high expenses that are reimbursed gross of tax and he has included this in his income. |
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Peter L
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Tax evasion is illegal and he would be dumb to do it in any serious way.
Tax avoidance is fine, and there are lots of ways to minimise the amount the taxman takes. Pretty well all you want to put in your pension is tax free, so if he is on a 40% band, then each £60 he paid into pension from take home pay gets £40 back from the chancellor. Same with childcare vouchers, to pay for your nursery etc. If you get an accountant, they can tell you lots of things you can claim back, not as many as in the US, but a lot. If you have to belong to a professional organisation to do your job, that is allowable against tax. I know people who claim the subscription to journals that they say are necessary for them to keep up to date with their subject. The richer you are, the more it seems you can get round the rules. Really wealthy people spend lots on accontancy to keep much more out of the hands of the taxman. Trusts, allowances on this investment and that. You have probably heard the stuff about the capital gains band in the news. That is all about people buying things that increase in value. If you do this - buy a second house then sell it for 100K profit in a year, you are liable for 40% tax. If you keep it longer, and rent it out then sell it with taper releif you only pay 10% tax. So all those with huge assets are whinging because if the rate goes to 18% they will have to pay more tax when they sell their businesses. Managing on 82% of an unearned value increase of many thousands sounds like a good problem to have to me! |
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Minnie
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Whateva Treva |
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Champagne
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Hmm, im on higher tax rate at 40% and i definitely don't know of any way to avoid it.
I think that guy may be telling porkies. |
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Butternut27
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yes there are many ways to reduce your tax bill....there is tax evasion and that is illegal....its different to tax avoidance..which is legal....depends which he is doing... |
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min77ion
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They have tons of Tax exemptions and write offs,,,,unlike the middle class |
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