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 Driver's license is from Indiana, but I live/work in Illinois. Do I have to file with Indiana too?
I have lived and worked in Illinois since 2002, but my driver's license is still from Indiana. I was told that since my license was from Indiana I was considered a resident of that state and, ...


 What do our taxes pay for?
...


 What happens if I do not file my income tax for three or more consecutive years.?
I just wanted to know if one does not file his or her income tax for three consecutive years or more, will there be a problem? Though he / she is paying taxes monthly....


 Why do we have income tax?
I understand everyother type of tax. Except income tax.
Why should someone be charged directly from their income? It's completely unfair. I'm sure there are better reasons, I'd ...


 Is there tax on social secuty?
...


 Why is family allowance paid to rich people who don`t need it?
And, in order to stop its abuse, why isn`t a portion of it paid in clothing and footwear tokens? I heard some people putting this viewpoint forward the other day and wondered what Q/A `s opinions ...


 Kk....i need to control ma temper..vat do i do??
i really need to have a control over ma temper.vat shuldi do??...


 If I am self-employed do I need to file estimated taxes or can I pay the entire amount at the years end?
...


 Its May 2nd, where is my tax rebate?
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 Should a 16 yr old pay tax on 8 hours a week job- if so how much?
They took a load of tax from him when he first started but we don't know if or when he'll get it back....


 What will happen if I do not include my husbands' 1099R on our tax returns?
The reason I ask this is because we REALLY need the money right now because I am unemployed at the present time due to a sickness. The early withdrawal was for $18,000 and we paid some federal taxes(...


 Can my parents claim me on their tax return?
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 We are married and are both claiming 0 -- but still owe money ?
My husband and I both work and both claimed 0 on our W-4, but every year we owe taxes ...Together we make around $73,000 -- and this year we owed $1700! What are we doing wrong?...


 Tax question?
My wife made less than 1,000 dollars last year, do I have to fill out her information on our taxes?...


 Why does it cost so much to have your taxes filed?
Filing taxes every year is something we all HAVE to do, regardless of income. So, why does it cost some people so much to have them filed? The prices are getting outrageous.....


 If I live in New Jersey, but get paid from a company in New York, for what state do I file taxes?

Additional Details
This is for a 1099...


 Does anyone know where our tax goes in the UK?
Just wondering what the breakdown was? Of say, every pound you pay in tax, 10p goes on Iraq, 25p goes on admin, 40p on the national debt, 2p on Health services, etc....


 What happens if I don't pay my IRS bill?
...


 Will the UK ever adopt the Euro as its currency?
It would mean the UK would lose control of its fiscal policey....


 What is the full form of salary CTC?
...



jason l
What are the consequence of getting an inheritance?
                     
 




jimbowatusi
Rating
It may be subject to greater taxes, leaving you far less than you thought.

If you get more than other relatives, there may be anger, jealousy, or a contest of the will.

Scumbags and losers that you haven't seen in years will try to buddy up to you.

You need to find a good tax attorney and a good financial advisor.


Tequila
No consequences. You just get rich and you will have new found friends who will sponge on you till the money lasts, and then they will vanish after that.


amazingly intelligent
TAXES, envious relatives, leeching relatives, and depending on the size of the inheritance, a small or great financial gain.


?
Rating
You can inherit wealth, aristocracy, potential streams of new wealth or even inherit endless troubles .


B
Rating
Depends on the laws of the country in which you live in.

Sometimes accepting an inheritance can mean you are liable for that person's debts - i'd get some legal advice to make sure.


microeconomicsdavid
Rating
enjoy the inheritance


minootoo
Depends on the inheritance, and the individual.

It is batter then getting nothing.

It can change life for batter or worst, you may not want to accept it. As specially, if there are strings attached, that you are not comfortable with.


$andman
taxes


♥ Etheria ♥
Rating
you may have to pay taxes on it depending of they type of inheritance.


mrliteman001
if it is a substantial amount I recommend talking to a CPA


?
Rating
spend it all and dont have none left


Eric S
First, you'll have taxes to pay (are they still called Death Duties in the UK?) afterwards you get to decide if you spend it, invest it, or both. If you're getting a LOT of money, consider giving some to charity.

I'm assuming you're an adult. If you're a minor, someone else will be doing this for you.


tacomadc
Rating
The consequences are paying taxes - up to 40% of it unless you are protected by a living trust will. Talk to a tax advisor if it's already happened. Otherwise, if you got a lot expect a lot of freeloaders and moochers coming wanting money from you.


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