 Taxes on these? Yes or no? |
Tampons and pads... I don't think their should be taxes on these... They're basically essential. What do you think?
Additional Details
No, things like bread and water aren'... |
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 My husband does outdoor jobs for cash, how do we go about paying our taxes on this income? |
| My husband does outdoor jobs for cash, is it possible to pay taxes on this income and how? Since we do not own any business does this mean he is self-employed? We live in Quebec, Canada. Thanks for ... |
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 Single member LLC and Tax? |
Hi
I am working as sole proprietor but planning to open a single member LLC .
I have below questions.
1) As sole proprietor you file Schedule C and for SMLLC also I ... |
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 What should my filing status be? |
| I am a U.S. citizen, military retiree, living in Germany, receiving military retirement pay and social security payments from the U.S. My wife is a German national (non U.S. citizen, non (U.S:) ... |
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 Can I phone the Job Centre to find out how much JSA I got for tax year 2008-09? |
Basically, how do I find out how much income from taxable state benefits I received?
Do I ask for the P60 form letter?... |
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 TAX return self-assessment.. HELP!? |
| Need to fill in the form soon, but haven't started it as never done it before. to be honest I'm just apprehensive about the whole thing,;hate maths/forms. But i've got to bite the ... |
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 I invested in lic wealth plus.i want to know that whether i get tax benifit from this policy or not? |
| I invested in lic wealth plus.i want to know that whether i get tax benifit from this policy or not.whether it cames under life insurance policy or in unit linked insuranced plan.please guide me.... |
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 Max Pay Without Paying Tax? |
Hi,
I need to know, what is the maximum pay you can earn in Ireland without paying Tax?
... |
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 Me and my boyfriend are moving in to our own place on Friday. How do we go about setting up our council tax? |
| I have looked on the gov websites and they have not been much good, And when I have emailed for advise I don't get a response. Can anyone help?... |
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 When filing bankruptcy, are you able to include "RESTITUTION" owed? |
| I want to know if it is possible to file bankruptcy on restitution that I owe thru Superior courts. I don't owe the courts the restitution, but I am made to pay thru them. There are 2 cases ... |
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 How much money should I save for taxes if I'm self employed? |
I'm fresh out of college and self employed (and know nothing about taxes or business)
I'm a freelance illustrator and so far this year I've made a little over $4,000 -- so being ... |
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 If you won $100,000,000, and had the option of a lump sum or annuity payments, which would be better for tax.? |
purposes?
Since winnings are taxed as ordinary income, would it matter how you elected to receive it? Would it be better to go with the current tax rate for that much money, or take a ... |
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 what do you do if you know someone who is self employed but doesnt pay their tax? |
in britain
Additional Details
i dont feel its fair that i pay my taxes on my very low wage but this person makes £250-£500 per week and doesnt pay ... |
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 Seeking advice for my current ULIP investment.? |
Hello,
I am Ritesh from New Delhi, n i have 4 ULIP plans, details are
ICICI PruLife Life Time Start date -20-01-2006 Premium - Rs 18000/- Yearly Cover – Rs 140000/-
... |
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 I exceeded 2009 ira contribution limit, what do i need to do? |
| i mistakenly made two contributions to both a traditional ira and roth ira that put me over the $5000 limit. i know i will pay a penalty and i need to w/d the execess amount plus any earned money on ... |
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 do personal assistants pay taxes? |
| I've always been kind of curious about this question, since its a job being a personal assistant, I always wanted to know if personal assistants get tpo pay taxes as well?... |
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 What are the property taxes in Southern California? |
| If I buy a house or condo, how much would I pay in property taxes?... |
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Raz | How do I fill out form w-4p? |
I am receiving an inheritance from my Grandma. The company sent me a form W-4P to fill out. I want to fill it out in a way so that I will not have to pay a big chunk of taxes at the end of the year. I would like them to withhold enough NOW, so I won't have to pay LATER. So, I am unsure how to fill out it.
Specifically, I am unsure about line B. It says enter "1" if you have a pension. I don't have a pension now, so by "pension", do they mean the money that is coming to me? Would that be considered a pension?
Other details: I am single, head of household, I have no children or dependents, and no one can claim me as a dependent.
Additional Details
Here is a link to the form for quick reference: http://docs.google.com/viewer?a=v&q=cache:GwBsXPc9nXcJ:www.irs.gov/pub/irs-pdf/fw4p.pdf form w-4p&hl=en&gl=us&pid=bl&srcid=ADGEESgr916WoCwydMaoeRlLcGJ34jcSlqE5QfslVlQQvawxd0XM3tMVl-b2nV0e4PK3oDDP6f-dkr2WyIbCppKpjf2oGRQkNFSdFyFQDdnwuSwi1MQJyuBbs_DjoGJRM26IFuiYR0SB&sig=AHIEtbQ1BPtM0GB5L3C3mWoDIcS6SM4qBQ |
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tro
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inheritance is not taxable unless it is to the state you live in
and of course, it is not a pension
if you like, have them withhold 10 or 20%, depending on the amount of the inheritance and when you file your taxes, very likely you will be refunded the major portion on it, all dependent on your overall total gross income |
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hrblockerrolquinn
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Dear Raz: Get some help on this one.
You state you are single, no kids but claim head of household, who do you claim?
Sounds like you should fill out your form as single "0"
Normally an inheritance is not taxable. What are you inheriting?
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent |
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Sharon T
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I am assuming you are inheriting some type of tax-deferred account such as a 401(k), IRA or annuity.
There is a line where you can just state the percentage you want withheld. For this you need to know what tax bracket you are in with this income included. You are single for tax purposes so use that chart at www.irs.gov. You do not qualify as Head of Household.
Unless you are a high income person or this is a very large amount of money, I'd suggest having 25% withheld for federal income tax. Your other option (if you can't figure this out from the tax rate chart) is to consult a tax professional, such as an Enrolled Agent. |
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