 My employer has issued me a 1099 instead of a w2? |
| Although I knew my employer was not withholding taxes from my checks I knew that I would have to pay at end of year and have prepared for it. But then I got a 1099, in all the information that I ... |
|
 Is this true? |
| Someone told me that those (famous) people who donate money to charity do it (mainly) because by donating a certain amount of the money they make precludes them of having to pay as much income taxes. ... |
|
 What happens to all the money collected by the IRS? |
| Please explain where the money goes after the IRS takes our tax money, interest, fees, etc. I'm really curious.... |
|
 I e-filed my taxes using TurboTax.? |
| I need to print the form I need to sign and mail to get my state and federal return (Form 8543-OL), but my computer doesn't have a printer. I want to save the forms to my thumb drive and print ... |
|
 Did you receive your stimulus check yet? |
| It's June 3rd, and my last 2 are 18.. Haven't received my check, has anyone else?... |
|
 Turbo tax question..im married but my wife did not work in the whole year of 2007? |
| my wife did not work for the whole year in 2007. I dont know if I should file married joint? or married filing separate? can anyone help me asap. ... |
|
 Social number on W-2 is wrong Only last 4 are correct? |
Additional Details
Can I still use it. I going to go to H&R block to file is this going to be a problem. My name and address are correct on W-2.... |
|
 How Could The Government Possibly Raise Taxes For Only The Wealthy? Stupid Question, But I Don't Get It? |
The news has gone on & on, here & there, about how Obama will raise taxes for the millionaires.
Call me stupid, I don't know too much about this subject, but aren't we ... |
|
 What document can I send the IRS to prove that I paid for all the bills at my mother's residence? |
| I had two dependents (mother and my nephew) that I claimed, and my filing status was "Head of Household" for the tax year of '05. My return has been examined, and the IRS is stating ... |
|
 Can i really donate a car and get a tax refund? |
i found one site that will give me blue book for my car....
is it to good to be true?... autogiver.... |
|
 If a business goes bankrupt does it still have to pay the IRS for taxes due? |
| Can you get out of paying the IRS if you file bankruptsy on your Corperation.... |
|
 Tax deductions for stolen motorcycle? |
| During September of last year, my motorcycle got stolen from the basement of my apartment building in California. Total estimated loss is around $6,000. Is there a way to claim the entire or at least ... |
|
 Who actually pays taxes? |
Who pays taxes in most states, out of whites, blacks, and hispanics?
The Census won't tell me what I need to know..
Where can I find this information?... |
|
 My mom writes me personal checks for 750 every 2 weeks for working for her do I have to report this to the IRS |
Additional Details
She didnt put it on a 1099. Someone said they could track the money since it was paid by ... |
|
 Didn't pay estimated taxes for 2007 for independent contractor work. Am I going to get fined? |
| I worked as a freelance video editor during 2007. I made about $12,000 during the year. Most of it during the months of September and August and November and December. Thanks to a lot of business ... |
|
 Will my boyfriend get in trouble for not filing taxes for 2007? |
| he worked at demos while going to college in 2007. For a little while. Demos closed down and he never got his W2's and doesn't know anything about taxes. Therefore he didn't file any ... |
|
|  |
Juan De La Ribera | Is it legal for a person to state in their will that taxes expense, bill etc be paid before assets distributed |
I am named executor and will states assets divided on a percentage basis after taxes etc paid.
One heir, a registered charity, claims they should get their percentage share before taxes. I know deceased wanted all taxes paid then assets shared.
Anyone got a legal answer, not the usual looking a gift horse in the mouth one. |
 |
 
steffi
 |
If you are in the UK, all debts (and that includes taxes) have to be paid before estate can be distributed. If for some reason this wasn't done, could come back on beneficiaries. I know that where percentage portions of estates are left to charities, those charities can make life very awkward for executor. If you don't settle within a year of probate (for example, where a property has to be sold), the charity can claim so much interest on the amount due to them to come out of the rest of the estate in addition to the bequest. The large charities monitor probates, as done, to ensure they don't miss out on anything, and they sometimes have solicitors on staff, as employees, so that claims can be pursued. I think the answer to your query will depend on exact wording of will, this doesn't always reflect what deceased intended. This can be tricky, I think you should consult a solicitor to help with probate.
The part of estate left to charity will not incur inheritance tax. |
|
Onestep downfrom God
 |
If a bequest is made to a registered charity in the UK, that bequest is exempt from IHT and does not form part of the estate for IHT purposes. This means that the bequest is paid without any deductions.
All other bequests are paid from the net estate(after IHT) |
|
crazeygrazey
 |
You have a complete and utter duty as the executor to carry out the wishes of the testator to the letter and to the best of your ability. Only a court of law can vary these conditions. If you need confirmation you should contact a solicitor and the cost of this will be borne by the deceased's estate. |
|
Doctor Deth
|
I don't see why a will can't say that - talk to a lawyer |
|
Alter Ego
|
Unnecessary, Mr. Taxman is way ahead of you on that one, he takes his share before anyone else. |
|
jwishz
|
ALL liabilities, medical bills, taxes, etc MUST be paid before ANY distribution is made. That's the law |
|
Duffer
|
Taxes are paid by the executor on behalf of the estate, from the accumulated assets. Beneficiaries are not normally liable for tax on their inheritance. Distribution cannot take place without the payment of any tax or debts due. |
|
Fred3663
|
I give my estate to my executors and trustees to hold on trust and pay my debts, TAXES and testamentary expenses and pay the residue to -
common UK wording |
|
Justelle
 |
It depends on what Country the deceased was resident in as to which rules of law apply.
You need to look up the Administration of Estates Act 1925 for the answer in the uk.
Good luck! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 25 minutes(s) ago
| | | |
9 | 43 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
8 | 4 hour(s) ago
| | | |
8 | 8 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 2 week(s) ago
| | | |
8 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
