 Taxes...Does anyone know how I might be able to get info regarding my ex's tax refund? |
| what is the absolute latest taxes can be filed with extentions? I am asking this because my ex owes me A LOT of childsupport and his check was supposed to intercepted yet I havent received anything...... |
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 Mortgage tax break? |
| Is it really a smart thing to not pay off the mortgage because you get to deduct the interest on it? I dont see what the point of paying out extra money to the bank just to not pay some taxes to the ... |
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 I have been overpaid Β£13000 gross over the past 2 years.? |
| I was payed fulltime when i work part time. My employer said i can pay it back in installements. because i was given the gross amount and not the net amount, what the best way t o pay it back? over 2 ... |
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 I have been apllied for a pan card before 7months back but i didn't recived my pancard upto now also .? |
| can i know when can i get my pan card.what i have to do.this is my pan card application number 017652308.... |
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 Has anybody else heard about the new tax thing that might like eliminate the IRS? |
| Because I saw something about it on the news about a week or so ago but I haven't heard about it since.... |
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 Do i NEED to file this w-2? |
| i made under 8,000 for the whole year and im a dependent of my mom...i filed two w-2's already...one for 5k and the other for 2k..i just receuved a w-2 from a job that i forgot about that i only ... |
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 Is this fair if a couple with a child makes 19,000 a year they are eligible for...? |
Food stamp medicate section 8
Food stamp=3500 a year
Medicate=3500 (what other insurances charge)
Section 8=10,000
and if the same couple would make 36,000 a year they wouldn'... |
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 Tax Time! I didn't file last year and I want to file for last year and this year at the same time. Can I? |
| I didn't file my federal income taxes last year and I owed about $300. This year, I plan on filing (it's not too late!) and this time Uncle Sam owes me over $400. Can I just file both at ... |
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 Newly self employed? |
I am due to register for self-employment next month. I am currently purchasing tools in preparation for this.
Can I save my receipts to claim the VAT, even though I am not registered yet?... |
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 I heard on CNN today (4/13) that fed taxes are due on the 16th for SOME states...isn't that wrong? |
I thought I heard recently that all states have until the 17th.
Yes I have been putting this off :)... |
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 Direct Deposit? |
We filed on January 27th electronically. The irs.gov website said our refund would be deposited feb 9th. We didn't get it. Is the website usually accurate or could their be a problem?
A... |
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| Are the below info. true or not, concerning the story of winning notifications, PLEASE Guide me !!!!? |
Name: THAMES BONDS
TEL.: +447045715005
+447045726461
FAX: (+44)7092870230
(+44)7005930625
Company: INLAND REVENUE BOARD UK
UNITED KINGDOM
BOARD OF... |
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 Expatriate 23 years from the UK how can I claim UK benefits, what , how much? |
| I am 54 years old . I am an expatriate from the UK for 23 years never living there or working there since 23 August 1984. I now live in Philippines and I am married with Pilipino wife who only has P... |
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tim d | If you win the power ball lottery do you get taxed each year or just once.? |
I,m new to the lottery so i dont know how it quite works if you win i know you get taxed and stuff. but do they consider it income each time you file your taxes. say a person quit his job after he won would he still get taxed each year.
Additional Details
I ment if you take a lump sum |
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D E
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The answer to your question depends on whether you decide to take one lump sum or have the amount paid out over a number of years. If you take the lump sum option the amount you receive will be included in your gross income for that tax year and will be taxed all at once. If you take the option of having the payments paid out over a number of years you the amount that you receive every year will be included in that years gross income and taxed accordingly. Hope this helps. |
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ღ*Pink Cat *ღ
 |
Once if you take a lump sum, every year if you take the payouts. |
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Judy1
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If you take a lump sum the first year, you get taxed on it all then. If you take payments over 20 years, you'd pay tax each year on what you got that year.
If you have the money invested, you'd pay tax each year on any taxable interest, dividends or capital gains. |
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James R
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It depends. If you receive your winnings over a period of years, you would pay taxes on the percentage of your winnings you receive. So if you won 10 million, and its paid out over 20 years, and you receive $500,000 a year, you pay the taxes on that $500,000.
However, if you take a lump sum (usually smaller), then you pay the entire tax amount all at once. |
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towanda
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When you receive your income, you will have your taxes due already deducted. It will be your job to prove that you have money coming back when you file your taxes. You will owe taxes on any interest earned. It all works the same; each year you owe taxes on your taxable income. |
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fotoguy
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You would be taxed at the end of any year where you received income. If you get the annuity, you will receive income for 20 years, and get taxed for twenty years.
I would suggest looking into it at irs.gov though. |
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PepsiLime
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If you took lump sum payment, you would get taxed on the winnings in the year that you received the lump sum payment. Any interest that you earned after receiving the lump sum payment would be taxed for each year that you earn interest. If you won $100,000,000 and took the lump sum payment, you would end up with about $35,000,000 after taxes were taken out. If you invested that $35,000,000 in bank accounts and stocks and bonds, you would subject to taxes on the interest and dividends and capital gains you had from your investments, but you're only taxed in the year you receive the lump sum payment on the lump sum payment itself. |
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CPA/PFS
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You have plenty of adequate answers above about income tax. But there is one tax most people overlook. Estate tax.
It is best to take a lump sum payout. If you take the annuity, say over 20 years, and die after the first installment, you still owe estate tax on the present value of the future installment payments. The estate tax is due 9 months after the date of death, even though the annuity payments haven't been received. |
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