I am being audited by the IRS for the year 2006. I have a retired IRS employee who does tax returns on the? |
| side, and I pay her. The IRS says some income was not reported and now I owe $815. Who is responsible to pay this money? Me or the paid tax preparer?... |
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Married filing separate and joint? |
| i think my ex husband (final as of 3-16-07) may have filed MFJ or single on his tax return. In our divorce decree it clearly states that why BOTH must file married filing separate as we could not ... |
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I have not paid my taxes in 2 years..help!? |
| I never owe. I have always gptten like 1000 dollars back every year. But because I am behind on student payments, they always take it anyways. So for the past 2 years I haven't bothered. I want ... |
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Why is my former employer reporting 1099 income for my rolled-over 401(k)? |
| I left my company last year and promptly rolled over all of my 401(k) *directly* to an IRA. I've done this several times before. I almost had a heart attack when I got a 1099 from them ... |
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Do do employment taxes reduce Federal income tax? |
for insta
nce, let's say you earn $100 before tax wages.
$7.65 gets taken out for FICA taxes
Ignoring exemptions and other deductions, do you pay income tax on ... |
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Is 125,000/year a good salary? |
I have a job offer that could bring me that. It's a reduction from what I am making now (reduced by about 50,000/year). However, I can spend more time with my family.
Any comments?... |
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Do I have to pay taxes on lotto winnings if I do't live in the UK? |
| I have won a promo but before my prize is released to me they said I would have to Pay taxes on the money I won because I don't live in that countryand they don't take it out of the prise ... |
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I just filrd my income taxes for the years 2001, 2003, 2004, 2005, 2006 what the penlties for this? |
| i just file late for all those years how long will it take before i hear anything from the IRS or the State. And is it to to get a refund on the years 2001 & 2003?... |
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I have a confusing tax situation,please help!!? |
| I was paid 4000.00 from unemployment compensation in 2006 and have a w2 from 2005(that I did not use when I filed 2005 taxes last yr). The W2 states that I made $170.00, and paid $10.54 in SS tax ... |
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Do I Need To Pay Estimated Tax On My Partime Business If I Have A Job? |
| I'm starting an online mailorder business from my house..I will have no employee's.will i have to file estimated tax or can i just file before April 15?... |
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Change to 10% income tax band? |
| I says that from 6 April 2008, the starting rate of 10% is abolished for non-savings income. What exactly is 'non-savings income'?... |
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Please can someone tell me whether 18 yr olds in full time study have to pay council tax? |
When does a one parent mum lose child benefit for their 17 + children if they are in full time study and cannot contribute to household expenses. Additional Details tx all fr replies. ... |
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How much will my refunfd be???? the rebate? |
I paid 2100-2200 in federal taxes this last year.
I earned 25,900
single no dependants
How much you think??... |
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What are the tax implications of winning a dream home? |
| If I sell it before moving in will there be a bigger tax hit than selling it as a primary domicile?... |
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What exactly is a 1099 ? Important !? |
| I recieved a settlement through a company for wrongful termination..It was less than 20k. Will the company have to send me a 1099 with my W2 and if they do Not send it....what do I do come tax time ... |
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Do all jobs have to pay you earlier at xmas? |
like dec 21'st or something? Additional Details im asking cos my employers are bast*ds to work for and i dont think they would pay their employee's early as a good will gesture.... |
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ever l | Is PAN necessary for cheque deposit? |
Is it necessary to mention PAN number to deposit a 10lakhs cheque in India? |
|


razzyan n
|
hi dude.................no at all .no need of PAN number for depositing any amount of CHQ ...........coz chq itself shows the source of income .........for any chq transaction PAN is not needed....only for cash transaction above 50k ..withdrawal or depositing ......you need show the PAN number k.k ......if your withdrawing or depositing 49500 in one day ...then also no need of PAN number ...............k |
|

Krishna Kumar K
 |
Permanent Account Number (PAN) has become a very important tool to the Income Tax Department in tracking high value transactions and ensuring compliance with the tax laws.
Mentioning of PAN has become mandatory in many financial transactions, particularly in the following areas:
• Operating demat accounts
• Deposit of Rs 50,000 and above in the banks
• Investments in shares, mutual funds and post office savings in excess of Rs 50,000 each
• Sale or purchase of motor vehicles, excluding two wheelers
• Sale or purchase of immovable properties valued at Rs 5 lakhs and above
• Applying for a new telephone connection (landline or mobile)
• Payment of Rs 25,000 or more against hotel bills
Even if we may not fall under these categories we need to file Income Tax Return for which PAN is required.
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s b
 |
Yes. |
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J.J.
|
yes |
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Aroop
|
Yes. For deposits of more than Rs 50k, the PAN number of the payee is needed. |
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Jss
|
Read when it is required to have PAN card, at http://mytaxes.in/index.php?topic=42.0 |
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venkat s
 |
pan is required only for cash transactions and while opening the account only. for cheque deposit no pan is required' |
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