 What do I have to do to start paying tax on the interest on my bank accounts? |
| When I stayed at home to look after my kids, and therefore didn't pay tax, I didn't have to pay tax on the interest I earned on my current and savings accounts. I have now gone back to work.... |
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 How much tax do you have to pay on money you recieved as a gift.? |
| I know you can give someone up to $10,000 a year as a gift. But how much if you gave $150,000? Would it be considered income an the standard income taxes apply, or are the taxes different on large ... |
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 Do i have to pay taxes? |
if i work full time and go to school full time? is that a law.? or is it just the employers choice to do that?
Additional Details
i live in ... |
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 Fuel tax in the UK? |
| Why no one protest anymore about excessive 80p in £ tax imposed by our goverment and then increse the duties in Mr.Gordon Browns' recent budget .... |
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 I have a Tax question? |
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 If you have garnishments does that mean your tax refund will be taken? |
If you have garnishments placed on your check which are taken out twice monthly, does that mean when income tax time runs around that they will also take your refund?
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... |
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 Is there any coupons regarding TurboTax Federal & Software..........? |
Is there any coupons regarding for tax & Software..........
that i can use........ |
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 I received a 1099 after filing my taxes. Can I pay taxes on the 1099 seperately from my return? |
| The 1099 came from consulting work I done on the side. It was about $5,000, which was substancially more than I remembered, but it's correct. I would rather just send a check for the percentage ... |
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 Would married couples get two 600 rebates? |
| I am married and i was wondering if my Husband and I would get two 600 tax rebates if we filed taxes as married. Would we get one 600 check for each of us or just one?Would we both get the check if ... |
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 Should I pay taxes if I am a full-time student working part-time from home? |
Hi,
I am now a full-time postgraduate student, I was working during the summer and my employer was paying my NI and taxes.
Now the university is paying me a scholarship that ... |
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 Why don't they increase taxes on beer like they do on cigarettes? |
I’m not a smoker or anything, but I feel that they reasons they give for raising taxes on cigarettes would work on beer.
Examples:
It would stop kids from developing bad habits.<... |
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 Can you write off online casino/gambling losses on your taxes? |
| a friend of mine asked me this question and I admit I dont know - I know you can write off legal losses like from vegas and stuff - and Im sure the tax man wants to you report any winnings from any ... |
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 About bush and his stimulus my girlfriend and I were sitting here estimating our tax refund ? |
| and how much we would get back this year. and she noticed that they ask how much did you get back for the stimulus last year. and she put in how much she did then she found out how much she would get,... |
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 How much will it cost me to hire someone to do my taxes? |
| I would lke to get my taxes done professionally because I worked in 2 states this year (I had no idea if that would complicate them). The past 2 years I had them done at work for free by a coworker, ... |
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honey | If you work for the church, is your paycheck taxed? |
i know if the church makes a purchase they do not pay taxes because of the "seperation of church and state" but what about paid employees? do they pay any taxes? do they just pay federal? |
 |
 
SG
 |
A church can elect to be exempt from FICA taxes (social security and medicare) on the paychecks they give their employees. Church employees in this situation pay self-employment taxes using form SE. These employees pay both sides of the FICA taxes. From a legal standpoint, these employees are still an employee (not a contractor), and they do NOT use schedule C to report their church income.
Some churches choose to withhold FICA. If they do this, 7.65% is withheld for FICA, and the also pays in 7.65% of the wages (the matching portion).
A licensed or ordained minister can elect to be exempt from social security. These ministers do not have FICA taxes withheld from their checks, and they do not have to pay self-employment tax.
In all these cases, the income by church employees is subject to federal income tax, and the church can and should withhold federal taxes from the paychecks they issue.
See discussion at:
http://www.irs.gov/publications/p517/ar02.html#d0e709 |
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Confused Republican
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Employees of 501(c)(3) organizations are treated exactly the same as other employees--their income is taxed, and they have to pay FICA, state, and any local taxes. The employer 501(c)(3) is also required to withhold from pay exactly like any other employer.
The reason for this is that, while the church itself is entitled to exemption from taxes, the employee of the church is merely doing what all employees do--working in return for compensation. You're not donating anything to the church by working for it in return for pay.
A Florida pastor by the name of Kent Hovind tried to argue, among other things, that employees of his organization (including his wife) should not be liable for taxes and he should not be liable for employer withholding. Kent Hovind is now in federal prison. |
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heatherlynn822
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It really depends on your position, but more often than not (unless you are a priest or a nun) yes, you do pay taxes. |
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Judy1
 |
Church employees, including some but not all clergy, pay the same taxes as any other job. |
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squirrely
 |
Churches don't pay taxes because they're registered non-profit organizations, not because some idea of "separation of church and state".
Employees still need to pay income taxes, no matter where their income comes from. |
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Sophie B
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Everyone who works is taxed...
Churches are "tax Exempt" because they are a "Charitable Organization"
Local governments are tax exempt too...
There is no legal documentation for "seperation of church and state" |
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Melissa
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Well most of the time if you work at a church you are a volunteer. My cousin is "the chair" of the cousel at a church and he has to pay taxes, because it is just volunteer. |
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mamma
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of course no one is exempt |
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