 Do you have to pay taxes if you sell your car to someone? |
So if you get say 15,000 dollars from selling your car do you have to pay taxes on that?
Additional Details
Thats what I figured but had to make sure. You never know what they will tax ... |
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 After not filing tax returns for 3 years, where do I start? |
| So I know that not filing taxes is bad I'm not looking to be chastised. I just need help on what's the best solution for someone in my situation. I didn't file the last 2 years ... |
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 If my checking account is closed, will my bank put the irs rebate into the new account? |
I have to close my current account due to payday loans. My new account is with the same bank, will they put the stimulus refund into the new account?
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Sorry, I m eant ... |
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 I filed my taxes a month early using Turbo Tax. Why didn't I receive my rebate on 5/9 like the schedule says? |
| All of the Turbo Tax fees were deducted from my refund - the description on the deposit says "FRANCHISE TAX BD TAX-REFUND"...... |
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 Has anybody else noticed the IRS trying to scam people for hundreds or is it just me? |
| Has anybody else noticed the IRS has been charging people bogus charges anywhere between 800 to a 1000 dollars and to an awful lot of people at that. Or is it just me? My question is….how is it ... |
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 How can i file for my 2008 taxes? |
| I just moved abroad to the UK but i know i need to pay my taxes in the US for 2008 how could i go about filing next year in january when i live in another country? Any advice would be much ... |
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 Does a person working and living abroad have to pay council tax? |
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My daughter has been living abroad and now the council have sent a bill for me to pay the back tax since she has lived abroad,I am the owner and claimed single person ... |
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 As a freelancer, can you claim a home office? How much do you get on your taxes? What are the rules on this? |
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Wow! this is great news. I have freelanced for more than a year now. We have a spare bedroom that is my office. (We also store stuff in there too- I hope that is ok) ... |
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 Can you please help me? |
Can anyone please tell me where i can register for a VAT number for my business. Please it is very important.
Thank you in advance
Additional Details
It's a clothing ... |
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 Where can I pick up federal and state tax forms? |
| I know that I can down load the info but I want the hard copy instead.... |
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 Should Murphy sell Barry bond's record breaking HR ball for less than the value? |
| Murphy, who caught the ball will sell it because he needs to pay the tax for the value of the ball. The tax is based on the value of the ball. Could he sell the ball for ten dollars ($10.00) and ... |
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 My calculater just broke but i need these worked out please? |
just doin the VAT return when it broke but i need to work out 21% of each of these figures please help :) these are the gross numbers and i need to ind out what the vat is thank you
474.93<... |
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 I want an estimate of what i will receive back for my taxes this year.? |
| Im newly married this year, we just bought a house i am a student at a US university, also my gross pay for the year was 13,359 and net pay was 10,804, i clamied 0 on my forms, i paid 1226 to federal,... |
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 Can an employer withdraw taxes and not pay them? |
I had two different employers in 2007. Just received my Social Security statement. My salary for one employer is listed. My salary for the other (former) employer is not listed.
I checked ... |
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 If i didn't work for the year and received $2400.00 in spousal support can i file taxes? |
| I'm divorced and got the two children as tax deductions but I didn't work ta all for the yaer and only got $2,400.00 for the year in spousal support can i file ... |
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 Why did i only recieve 300 for my rebate checks? |
| I worked PT, im a single female in school. I only made $14,000 and my refund was $1100.00 from my taxes.... |
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 File your babysitter on your taxes? |
Hello,
Is it worth filling what you pay your babysitter on your taxes? Do you get all the money back?
Thanks!!!... |
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love_sucks_21_2005 | Can you take a lone out aginst your taxes from H&R Block?? |
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Soror Kate ART VT
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Here's how it works. H&R Block does your tax return. They charge a fee for that. That fee does not have anything to do with the amount of your refund, but is instead based on the complexity of the return.
If you decide you need your money quickly, H&R Block can then electronically apply for a loan against your refund (less H&R Block fees) with HSBC (formerly Household Bank). This is called a Refund Anticipation Loan. In other words, if something happens, and the IRS holds your refund for some reason, you still owe the money back to HSBC. HSBC charges a loan finance charge, which is based on the amount of the loan, which is, of course, the amount of the refund. Also, if you file for but do not get the loan, you do not pay any additional fees. Fees for this service are charged only if you get the loan.
If you file in this way, HSBC opens a loan account, issues the check, and you get the money. In the meantime, the refund is directly deposited into the loan account, HSBC pays H&R Block their fees, which you didn't pay at the time of tax preperation, they take out the finance charge, and you are left with your check. It can indeed be expensive, but pricing should be discussed before forms are signed.
While H&R Block did recently attain a bank charter, it is not legal for any tax prep service to loan against refunds. In fact, all the major tax prep services use the same bank.
Let me know if I can be of more help. |
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patti duke
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You can't take out a loan but H&R Block will buy your return from you on the spot. There is a hefty service fee attached however so I wouldn't suggest you do it unless you absolutely have to. |
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mussorandy
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If you have a bank account then try this. Do your taxes then get form 8888 and assign your refund to the bank. It's that simple. The bank may discount it somewhat but it will be nothing like the fess and Interest ect for a rapid refund or a Refund Anticipation Loan. Form 8888 is brand new this year and not even officially on the form list for the irs, but it will be it's already been approved. |
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tims_1981
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I'm assuming you mean a loan. Otherwise you will be a-lone on this issue. |
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Emily M
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Do you mean against your anticipated refund? If so then yes you can but the interest rate is outrageous. So I would advise against it. But if you really need the cash hten it's not as bad as going to a cash checking operation. But if you file electronically that cuts the time you have to wait for your refund check. Also credits cards charge a lower interest rate about 18-19% APR, and would be a better option. Just so that you know I am an Accounting student and we discussed this in a class lecture last week. |
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Johnny
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I believe if your expecting a return , they'll give you a check for the amount and they get your return. Does H&R Block loan money like a back, try their web site and see if they do. Good Luck... |
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Celeste
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H & R Block and other well-known tax services offer Rapid Anticipation Loans (RALs). If you're getting a refund, you can apply for this service but it's not guaranteed that you'll get it and it's very expensive. Depending on the refund, it can cost about $150 or more. And if you don't get the RAL, the money you 'spent' to apply for it, you won't get back.
H & R Block's RAL is sponsered by different participating banks, the banks loan the money to you at a high interest rate, when the IRS receives your return and disburses your refund, it will go directly to the bank.
You must also be careful, if you have any outstanding debts with the participating banks, they will claim any monies owed to them from the RAL.
Don't forget about free filing services from the IRS. Prepare and file your federal returns for free (H & R Block is one of the free services). Check with your state's Dept. of Revenue to file your state for free. Block allows direct deposit of your refund with the online service.
If you e-file and do it as early as possible, you'll probably only wait about 2 weeks to get your full refund.
In the end, the choice is up to you. But in my opinion and experience, getting a RAL isn't worth it.
To Original's response: Form 8888 is mainly for people who want to split up their refund into seperate accounts (checking, savings and/or retirement). This is still considered a direct deposit and most likely free. If you're only refunding your money to one account, you can use form 8888 or you may still use the appropriate line on your 1040.
This goes into effect in January. |
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Kenshin
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1) If you don't pay your tax at the end of 4/15 that is a loan against the federal and or state government.
2) If you take a rapid refund from H & R block that is a loan by the H & R block. |
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