 Claiming seven dependents on taxes? |
Is it possible to claim 7 dependents on the tax forms?
Is there any reason or benefit for this? We have a friend who does this and I dont think he has seven dependents. His wife works and ... |
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 How would you fix the IRS and taxes and our economy? |
Additional Details
what about paying taxes to your own city. for its welfare and its main employees. Let the city pay taxes to the county to the state and the states only give ten ... |
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 National Insurance Card? |
| What do you do if you loose it?... |
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 How can I turn someone in to the IRS for not taking taxes out on an employee? |
| My best friend is working in a sawmill and they are not taking taxes out on her and I think it is bullS**t. How can I turn them in for this???... |
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 Is it possible for a greater tax refund (due to credits) then the amount that was actually taken? |
By taking the following credits:
Credit for Child Care Expense
Child Tax Credit
Earned Income Credit
Additional Child Tax Credit
while claiming Head of Household, ... |
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 Can a person thats certified as having multiple personalities...? |
| Can a person that's certified as having multiple personalities file an Income Tax exemption for each personality?... |
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 What are the advantages and disadvantages of getting your taxes done at H & R Block? |
| I see a lot of commercials on television about H & R Block about getting your taxes done there. Although I have heard that H & R Block has a good reputation of doing your taxes and getting ... |
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 I am starting a job as a salesman, and the employer sent me a non official 1099 form. Is this standard? |
| I just got a document set up on MS word, not a W2 type of form. I've never filled out a 1099 type of form, just making sure this is OK.... |
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 IRS Tax Question? |
| Was having a discussion with my wife. Are you more or less likely to be audited by the IRS when you have a tax service do your taxes.Like H&R Block, liberty etc. Thanks.... |
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 I am a student can i get pan card and can i open demat account? |
| wether it is possible for a student (above 18) to open demat account and enter in share ... |
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 What happens if two people file for the same person? |
| my dad files income tax with me as a dependent but now im 19 years old and i think i have to file for myself. do i?... |
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 Who here believes that Income Tax is required by law and exactly what laws are there to this effect? |
| I do mean to refer to Federal Income Tax. Re: IRS. Since we are creeping up on that time of the year. I just wanted to see who was still under the presumption... and who has since dispelled the ... |
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 If my parents claim me on taxes, does that hurt my refund? |
| I don't live w/ my parents anymore but I did for 9 months of last year. My mom wants to claim me (like she has every year before I've moved out). Does having my parents claim me on their ... |
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 How can u know if somebody already got their income tax?? |
| ok here's the story we found out that my dad has another family and he has me n my 3 sister under the income tax so he gets money from us but he never gives us a penny of it, my mom n dad are ... |
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| Does turbotax work well? |
I have seen all of those commercials on TV and was thinking of using it in the future. Is it easy use? Is it worth it? Let me know what you think. Thanks!
Additional Details
thank ... |
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 I won 500,000 GBP in google anniversary gift what do you think ? |
| my dear friends i receive a mail from infolotto@gmail.com it say's i won a google anniversary gift prize 500,000 British pounds is this true ? is there any google anniversary? and one more thing ... |
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| Who pays for other peoples sick pay, maternity pay, jobseekers allowance etc? |
| I was just wondering, who pays for these things? My friend has been laid off from work and is on job seekers allowance (dole) and my other friend commented about it saying 'all us working people ... |
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 How does a person have a business and not be found or made to pay taxes? |
| my ex husband has a business that is not files with the state, but operates like a ligitiment business. He does not pay taxes. Is there a legal way to make him pay his taxes?... |
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acube_4u | WHAT is VAT? |
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priyanka.chopraa
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VAT - in India
VAT will replace the present sales tax in India. Under the current single-point system of tax levy, the manufacturer or importer of goods into a State is liable to sales tax. There is no sales tax on the further distribution channel. VAT, in simple terms, is a multi-point levy on each of the entities in the supply chain with the facility of set-off of input tax - that is, the tax paid at the stage of purchase of goods by a trader and on purchase of raw materials by a manufacturer. Only the value addition in the hands of each of the entities is subject to tax. For instance, if a dealer purchases goods for Rs 100 from another dealer and a tax of Rs 10 has been charged in the bill, and he sells the goods for Rs 120 on which the dealer will charge a tax of Rs 12 at 10 per cent, the tax payable by the dealer will be only Rs 2, being the difference between the tax collected of Rs 12 and tax already paid on purchases of Rs 10. Thus, the dealer has paid tax at 10 per cent on Rs 20 being the value addition in his hands.
Purchase price - Rs 100
Tax paid on purchase - Rs 10 (input tax)
Sale price - Rs 120
Tax payable on sale price - Rs 12 (output tax)
Input tax credit - Rs 10
VAT payable - Rs 2
VAT levy will be administered by the Value Added Tax Act and the rules made there-under.
VAT can be computed by using either of the three methods detailed below
The Subtraction method:- The tax rate is applied to the difference between the value of output and the cost of input.
The Addition method: The value added is computed by adding all the payments that is payable to the factors of production (viz., wages, salaries, interest payments etc).
Tax credit method: This entails set-off of the tax paid on inputs from tax collected on sales.
India opted for tax credit method, which is similar to CENVAT. |
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melvinschmugmeier
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Value-Added Tax. It's a tax that a lot of countries put on each stage of the business process. The tax basis is determined essentially by subtracting the selling price - purchase price = basis. The basis is then multiplied by the tax rate and there's the amount due in tax. It's a tax on what you add in to the value of a product. |
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Robin
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no clue but they all say value add taxes |
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jolin3762003
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value added tax |
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sodagar61
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value added tax |
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rick
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Value added taxes...:p |
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roland
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that's what they call sales tax in some countries |
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jameseam1
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value add tax |
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AnsSeeker
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its Value added tax systems, Implement in India, last year only, combersom accounting; when you purchase any item, get credit for VAT, and when you sell, charge the VAT, means gov. taking tax "VAT" on your profit. if you are keeping your account proper, than no problem, increse the computer sales and account software sale, in india, best accounting software avaialbe call Tally, so you have to purcahse this :) |
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