 I need to cash tax check without costing me an arm and a leg? |
| I live in Fortscott Kansas,I don't have a checking account and I don't want to pay 300.00 to cash my check what do I do?????... |
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 My mother claiming my child on taxes.? |
| My mother lived alone last year and all of last year was helping me and my husband pay for our bills and mortgage and clothes and food for my children while my husband was layed off. I told her she ... |
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 Why would someone receive a certified letter from the IRS???? |
| Unable to accept the letter from the post man.... I find a sorry we missed you card stating that its from the IRS in my mailbox. What could it be????? I never heard anyone say that they received ... |
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 How can i file the Tax with two W2's? |
| I have a situation here, i have worked in one organization from January to July and i have joined a different organization in where i am currently working on. So when it comes to Tax returns i should ... |
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 How do I retrieve my w-2 form if I have quit working at a company? |
| I used to go on worknumber.com, but now it won't let me log in. What do I need to do to get my w-2 form now?... |
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 ANYONE WITH 2/10 DATE WHO ORIGINALLY HAD 2/3 CHECK WHERES REFUND NOW!!!!!!!!!!? |
| HAS IT CHANGED FOR YOU BECAUSE IT HAS FOR ALOT OF PEOPLE SO IF SO LET US KNOW IF NOT DO THE SAME... |
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 My paycheck is being garnished for a student loan. What if I quit that job and find another? |
| I was sued and had a judgement against me and now my paychecks are being garnished. Now what if I quit that job and get another one, how long before they find me or will they search?... |
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 Can I file my taxes in a different state from where I lived and worked? |
| I'm moving, so the question is if I can file my taxes in a different state, and also if this will have any impact in my tax return. I live in NYC but I'm moving by the end of the month or ... |
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 Students paying tax? |
| Excuse the stupidity but do part-time students pay tax at the usual rate? I'm going back to college to do a one-day a week Masters and need to work out where i'm going to stand financially.... |
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 How can I opt out of Social Security? |
I'm trying to see if there is a way to get out of this Social Security BS. However I'm not sure if its possible to do this.
I don't work for cash and I'm not a capitalist.<... |
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 Should I amend my FEDERAL return to report the local income tax refund of $22.00? |
| My wife and I filed our 2006 Federal income tax returns two months ago. We recently filed our local income tax returns and got a unexpected $22.00 return that we had not reported on our Federal ... |
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 Quick tax question here...? |
| If you work two different jobs and one of them takes taxes out and the other one is 1099 (independent contractor), do you have to file the taxes for the 1099 job? If you don't file for the 1099 ... |
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 My employer is taking 6.2% of my income under social secuirty tax? |
| When will I be paid this back and Do I need to pay this mandatorily and I am not a US citizen.... |
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 Why did I only recieve 900 on my stimulus payment? |
| We are married (so we should have got 1200,right?) and I have 1 child, (so that would be 1500..according to the irs.gov website.)Well I tried to call and they could not answer my call because of a ... |
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 Do i need to report my savings interest to my income tax? |
The money i receive from a high interest savings account, do i have to report that as "earned money" to the government?
Additional Details
its because i use PC financial for ... |
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imran y | If you open a savings account. do you pay tax on the interest earned? or the actual sum of money? |
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Clem
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It depends on the account as to whether you pay tax or not.
If you have an Individual Savings Account (ISA), you won't pay tax. Any other UK based account, you will have to pay tax on any interest earned.
For more info on ISAs, this link is useful --> http://www.moneytowers.com/2006/savings-investments/isa/
For more info on general savings accounts, this link is useful --> http://www.moneytowers.com/2006/savings-investments/savings-accounts/ |
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Mogseye
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Only the interest if you are a tax payer. If you don't pay tax, i.e not working or retired then you can get the interest paid in full to you and pay no tax. Just ask for a form from your savings provider. |
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Barbara
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Only the interest. If the money was earned income, you have already paid the taxes on it or you will. The actual sum of money is not reported to anyone. |
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5yellowchips
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interest |
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ben r
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interest |
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gerrifriend
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You only pay tax on the income, that is the interest element. The capital they generously let you keep. Most savings accounts automatically deduct the interest so you don't need to pay any more. If you are not a tax payer you can apply to have the interest paid gross. It should show on your statement of interest if they have deducted the tax. |
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curious
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I would guess interest earned. You only have to account for the actual some of money. |
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Professor
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Only on the interest which is usually deducted at source |
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hotguy18
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Hi, you would only pay tax on income. In this case interest is the income. Your bank will automatically deduct the tax from your interest, unless it is a ISA, where you are allowed to deposit up to £3000 each tax year and receive your interest gross. For all other saving products, if your total annual income will be less than £5035 (your personal allowance) for 06/07 you can receive your interest gross by filling in a R85 HMRC form, available from you bank. This will ensure you receive your interest without tax deducted.
Hope this helps |
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koalatcomics
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no, the interest earned. the money was already taxed when you earned it..the interest is treated as income. |
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Voice of Reason
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Only on the interest. Unless it is a tax free account, or you aren't a taxapayer (i.e. at school/university) where you can make a tax declaration so you get interest paid gross - I think it is a form R85. |
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