 Regarding the Stimulus Rebate Check, when will the paper checks be sent out? |
| The last 2 digits of SSN are 11. According the IRS.gov website, it should be mailed out next week. However, when i go to the "Where's my Stimulus Check" section, it cant find my ... |
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 How does one avoid taxes on large amounts of money? |
all 100% of it. On earned income, not gift or inheritance
...Via Mutual funds?
...Bonds?
...Real Estate?
...Foreign Bank accounts?
...Expatriate to another nation
IRS ... |
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 IS IT TRUE, NO INCOME TAXES RETURNS FOR 2009? |
| I DON'T KNOW IF THIS IS JUST A RUMOR, BUT I HEARD THAT THEY'RE CUTTING THE STATE (CALIFORNIA) TAXES FOR THIS YEAR AND THAT WE'RE ONLY RECEIVING THE FEDERAL RETURN FUNDS. I HEARD THAT IT... |
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 Should there be some kind of tax penalty for US companies that outsource? |
I would be especially interested in hearing from economists if this is even feasible.
Additional Details
Probably it's not honest to say that it's OK to let the market ... |
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 Tax returns and tax refunds? |
I asked a question before about returns, if I had to file them, and everyone said yes. I got the form sent to me today.
How do I figure out how much money I should receive back in refunds?
I... |
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 Tax write off question? |
| I'm thinking of donating about seventy items of nice clothing. How do I figure out how it will affect my taxes? I mean how much will it actually matter, money wise? I guess I don't get ... |
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 Are child care costs tax deductible? |
| Costs associated with a Nanny/baby ... |
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 In light of the stupid cost of petrol, answer me this!? |
What would happen if:
a) you filled up, then drove off without paying
b) if it was say 104.9p per litre and you went into the kiosk and said "this price is unfair, I shall ... |
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 What happens if a 17 year old person doesnt fill out taxes? |
Additional Details
Made less than 5000 a year, will it affect his record or will there be some penalties b/c he didnt fill out taxes for 2006?... |
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 Help Please!? |
| Your Company’s first year of operations was 2004. Its December 31 2004 published balance sheet included total assets of $80,000. This amount was composed of total current assets of $20,000, and ... |
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 Income tax: Do I have to get a W-2 for 1 day of unupaid work? |
| I worked 1 and a quarter of a day at a company. They deducted the cost of my hardhat, gloves, tools, etc. from my first paycheck. The cost of my physical/drug test was also deducted when I decided to ... |
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 On a W-4 form for work, if you are single, do you claim 0 exemptions or 1 exemption for yourself? |
| My son is divorced with one child. The mother gets to claim the child on her taxes. So, on a W-4 form, does he claim 0 exemptions or 1 exemption for himself?... |
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anyang2 | How do you figure taxes on prizes or sweepstake winnings? |
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d_rosen_esq
|
If the prize is under $600, it's generally not reported as income. If it's over $600, you're taxed at your marginal tax rate, whatever rate that is...same as wages or other earnings.
Make sure that the value that is reflected is the true value of the prize, and if it is more, you can dispute. For instance, if you win a plane trip to New York and they try to say the prize is worth $2,000, you should price the same trip and print out the true value, then you can contest the amount (of course, it increases the chance you'll get audited, so be careful). |
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Alfredia W
 |
It is according to what state you're in when you win the prize or sweepstakes.
The IRS has a booklet for the formula to figure your taxes.
Just call them and ask
I know that the State of Mississippi, it is 33.5% |
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MzChamillinator
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isnt it 10% of ur winnigs? |
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Andi
 |
The answer is the IRS gets one-third of all winnings. Sorry! |
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flobee_55
 |
You will have to use a W-2G form for filing any winnings or sweepstakes. It is 28% tax that is taken right off the top of your winnings for Pa.
(speaking from experience as to how much they take)
I believe each state has their own % that is deducted. |
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smgray99
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For the state tax - it depends on the state. For federal tax it depends on how much other income you have as it could put you into a higher tax bracket or force you into the alternative minimum tax which makes you pay a lot more. |
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Linnie
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don't worry Uncle Sam knows that answer... |
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latunial
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First you have consider the taxes in your state and also in the state the winning ticket was brought in. what ever the percentage is for those states is how you would estimate of what their percentage should be divide |
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Bantree
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Did you win one yet. I figure you should concentrate on winning for now and worry about the taxes later. |
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asianbbwinokc
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To figure out winnings there is basically a table, and it depends on how much you win and what method of payment you choose to take. A lump sum payment (if you win the lottery) has the biggest chunk taken out, however if you do annuity payments you will receive more in the long run and can actually make it to where there are less taxes taken out. Here's a link to an old irs pdf. file on "Winnings". Anything under $500 you don't report to the IRS, anything above that they fill out an irs form! |
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