 Taxes refunds? |
| Hi, I have a question about taxes refunds, I'm not a resident in the USA, I live in Mexico but I usually go to Arizona to do some shopping according to the season, recently someone told me to ... |
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 What do yo have to do to have your tax refund in a week? |
| Is it true if you file electronically on a monday or tuesday you'll have your IRS refund in one week with direct deposit?... |
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 VAT question? |
| i was just looking in a catalogue and each item has the price with the vat and without out the vat, can i just ask, i know iam a bit thick but when paying vat on these items do u pay vat on each item ... |
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 Do you think that the income tax rate should gradually reduce for older people? |
I'm thinking of a 25% discount between 60 to 70, then 50% discount for over 70 etc.
Is encouraging older people to continue working this way good, if they want to work?... |
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 I didn't receive a W2 from one of my jobs last year which has cost me the 300 dollar stimulus package? |
| And since the place has changed owners 3 times since, I have not been able to track it down and receive it. The owners were very shady and they have not returned my calls pleading for a W2. I know ... |
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 Is filing taxes online idiot proof? |
| i wanted to go online and try to file this year, but i've never done it before and i'm afraid of screwing up. please help, i'm young and dumb. :)... |
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| How is it possible for you to owe the IRS money if you were unemployed during that tax year? |
| I was unemployed during the 2006 tax year. I did not file a tax return for that year. I just recieved a bill owing the IRS taxes with penalty charges. How is it even possible I would owe the IRS ... |
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 Do you have to pay council tax if you are living on your own and under 18? |
Hi
Do you have to pay council tax if you live on your own and are under 18? Or is it only single persons discount you can apply for?
T... |
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 What is income tax used to pay for(UK)? |
I understand that NI tax is used for the NHS and Welfare when u become unemployed or sick.
council tax is used for schools, home helps(this should be under NI as it is health related), refuse ... |
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 If my grandmother gives my dad $10,000 as a gift each month, what will my dad have to pay in taxes? |
| My grandmother has recently discovered gas on her property, and is generously dividing her monthly EOG checks between her children. Each month, she is giving my dad (and each sibling) about $10,000. ... |
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 Do i have to pay tax if i just want to sell a couple of things for profit on ebay? |
Ok, so i've bought some stuff which i thought was an absolute bargain and i want to sell it on to make a bit of profit. Do i have to pay tax on the profit i make?
This is just a one-off ... |
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 What is the best software to do others taxes? |
| I recently received my tax preparation certification and I was wondering is there any software in particular that would be a good ideal to do other's taxes. In the past for friends and family, I ... |
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 If my partner goes to work? |
and earns £680.00 per month and our rent is £290.00 per month plus council tax and we have a child id stay at home how much working tax credit and housing benefit could we get
Additional D... |
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 Will the irs withold a percentage of stimulus payment for back taxes, or will they keep the entire rebate? |
| I was told that the irs will only keep a certain percentage of my rebate due to a 2006 tax obligation.... |
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 If I filed my taxes- and claimed myself- what effect will this have on my parents return? |
| For the past 21 years my Dad has always claimed me...I always e-file, (for the past 4 years) but never checked the box to claim myself- this year, I don't know if I missed it- but I filed ... |
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 Are UK parking tickets tax deductible? |
Additional Details
Sorry, I should have been more precise. I was talking about tickets incurred by a company's delivery fleet.... |
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 Should females pay more tax than men? |
When they are single their boy friend buys the drink and picks up the tab.
Girls are not required or expected to buy expensive items like houses and cars whereas men are required to do so (... |
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 I just got a 1099 form and it says $6523.50 under Nonemployee compensation? |
This one of my partime jobs that I get checks without taxes,
I've never done a 1099 before, How much taxes am I looking at paying? I read some of the other answers, some said it'... |
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dreamer | If they take taxes out of your paycheck, why do you have to pay taxes on income tax day? |
I don't have a job, that's why I'm wondering. |
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Question&Learn
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You don't pay taxes by April 15...you have to FILE your tax report by that day. It is to make sure your report is accurate.
You can tell your employer anything...that you have 200 children and your are head of household but when file yourself, you have to be honest and often you get refunds for corrections made in your favor.
If you told your employer on your W-2 that you have lots of kids, they won't hold out much for taxes and then you will end up paying in April. If you told them you had 0 dependents, there is a strong possibility you'll get a refund.
Your employer also has to file taxes and they get refunds and deductions for the number of employees they hire give salaries to. They need your identification by social security card in order to hire you legally. You also must fill out a W-2 form for them to tell them how much you want them to hold out of your taxes. What you tell them doesn't have to be what you tell the government. You can have your employer hold any amount you want for tax but you have to be honest with the government. Your employer will only do what you tell them to do but you have to do what the government tells you to do.
Later, all the money you pay to the government goes back to your employer in the form of a bail out because of your employer's mismanagement but that's another story. In our system, the employers must absolutely pay the corporations they work for in order to keep their jobs...it seems like a legalized sort of mafia plan to me but that's our government and tax system. |
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v b
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Withholding is an estimate. The tax return is based on actual numbers. |
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Landlord
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It is just an estimate. Even self employed people, like me, send in money quarterly, but really only file once a year.
Paying in small amounts is easier for almost all people, rather then a huge check once a year. |
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Judy1
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What they take out is an estimate, but until you prepare your tax return showing ALL of your reportable income for the year, the estimate is probably not exactly accurate. When you prepare your return, you calculate your tax - if too much is withheld, you get the extra refunded (and yes, this is very common) - if you didn't have enough withheld, then you have to pay the rest. |
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Bub
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If you have enough taken out, you may not have to pay when you have your taxes done or do them yourself, you may get some money back from the IRS. |
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justwondering
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The tax withheld is an estimate of what will be owed with the assumption that your weekly income will remain the same and that your deductions will remain the same. You claim yourself as single filing 1 deduction (yourself) so the tax is withheld at that rate (which is different than married with 1). But you may have interest income that you would also have to pay tax on, so that would increase the amount at the end of the year. Some people claim more dependents to have less tax taken out - then end up owing at the end of the year. |
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Dustin
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Tax day is the day you need to file taxes. If you have been having some reduced from your paycheck like most people do then you may get some money back on Tax day. |
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Worldly25
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Tax Day is the last day for filing of tax returns. These returns are how
taxpayers Submit the necessary information to the IRS and State Taxing Authority. Yes taxes are taken from every paycheck but sometimes too much or not enough has been paid. It is just settling up. If you underpay your income taxes then the government adds penalties. |
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