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1040 Income Tax Forms

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Vincent Said:

Income tax questions: Do I fill out a 1040 schedule D if I sold stock at a profit of less than $700?

We Answered:

You use Schedule D to report all sales of capital assets, including stocks and bonds, but (usually) excluding your main home. Stock profits are not tax free just because they are under $1,500.

You can verify the requirements by reading the instructions to Schedule D or the instructions for line 13 of Form 1040.

    1040a Income Tax Form

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    1040ez Income Tax Form

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    1040 Ez Income Tax Form

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    1040 Income Tax Form

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    1040 Income Tax Return Form

    Paul Said:I am working,3 dependent kids and wife is simply housewife.Annual income is $27000. How much be the tax returnWe Answered:www.irs.gov will have all the forms and instructions you need. You need to prepare a 1040 form. Make sure you take both your standard deduction and your exemptions amount (5 x $3,400 = $17,000.) It sounds like you may not owe any taxes for the Federal return. If you paid in, you will get a refund. If you did not pay in, you should still file as you probably will get a child tax credit and the...

    1099 Income Tax Form

    Steven Said:If I'm filing estimated tax (for 1099 income), do I have to submit a form, or just the 1040-ES voucher?We Answered:Just send the money and the voucher. It is an "estimated" tax payment. Only the voucher is required. The quarterly form that pdudenhef is talking about is for businesses that have employees. A business must file quarterly form 941 & quarterly state forms. A contract employee (1099) only has to send in the estimated tax payment.Kristin Said:Do I have to file a federal tax return if I received one payment of miscellaneous income (1099 form)?We Answered:You...

    2003 Income Tax Filing

    Dawn Said:Can I qualify for earned income credit even if im filing for years going back starting in 2003?We Answered:He may well qualify for Earned Income Credit (EIC) in tax years 2003, 2004, 2005 but he will not get a refund of any excess beyond his tax liability. Basically any refund to the tax payer is limited to three years from the due date of the return.Darren Said:If I forgot to file for Canada Income Tax in 2003, can I do it now ? How ? I earned under $10,000 that year?We Answered:You can file your return now. ...

    2003 Income Tax Form

    Marilyn Said:what would the 2003 1040A form federal tax be for head of household on an income of $37797.71?We Answered:You didn't give us enough information. Is this your wages or AGI? Do you have any other deductions? Family of how many (how many qualified dependants)? You can get the form and info at www.irs.gov....

    2003 Income Tax Table

    Marcus Said:How does real estate investment trusts work?We Answered:A REIT buy's skyscrapers, shopping malls, apartment complexes, office buildings, or housing developments. Rather than investing directly in real estate, investors of REIT's invest in a professionally managed portfolio of real estate. REIT's trade on the major exchanges, just like stocks. REIT's make their money from the rental income, profits from the sale of the property and other services provided to the tenants. REIT's also receive special tax considerations; they do not pay taxes as long as they pay out at least 90% of their net income to investors. Thus, successful REIT's can...

    2004 Income Tax Software

    Joe Said:anyone know a website where i can do my 2004 taxes?We Answered:I think taxbrain maybe able to do it because I'm helping friends with 2004 taxes since they use that. In reviewing the site for their return, I've noticed it can still input values. HOWEVER, and here's the but, I'm helping them because I suspect the software didn't calculate their annuity income right. Anyway, good luck.John Said:My husband makes 36k & we have 4 in the family, are we eligible for Child tax credit.?We Answered:Chapter 34 of Publication 17 (attached) will give you all the info you need on...

    2005 Income Tax Filing

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    2006 Income Tax Forms

    Lance Said:2006 Tax refund should be reported as income in 2007?We Answered:Only if you itemized deductions on your 2006 federal income tax return and claimed your Texas income tax as a deduction. It is reported on line 10 of Form 1040. Otherwise, no.Rosa Said:Can you still file for FAFSA if your parents haven't filed their 2006 income tax?We Answered:You can fill out the FAFSA online to the best of your knowledge, but once they file their 2006 income tax you will need to go back online to your FAFSA to update all the info....

    2007 Income Tax Table

    Lois Said:Can I still deduct state & local taxes like I have the past couple years? We have no state income tax in FL.?We Answered:It's the sales tax deduction. It's alive and well having been extended for one year. Here's the link to the 2007 calculator to get the table amount for you. http://apps.irs.gov/app/stdc/stdc.html;S…Dana Said:Do you have to pay income taxes if you only work under the table?We Answered:You didn't mention how much money you earned. The IRS is not going to pay any attention to the 1099 INT you received from the bank if that's what you...

    Best Income Tax Software

    Clinton Said:Does it help or hurt my tax return if I own 2 homes?Which online software is best suited for 2 homes?We Answered:neither taxes due are based on complicated formuli from the IRS which relate not to assets but to income and expenses. DO NOT use on line software to do your taxes; use a local CPA who specializes in taxes. he will cost you more and warranty his work.....Daisy Said:what is the best way to do income tax with the software or gong to a accounting ????We Answered:A large number of tax filers use software and do the return them self. So now...

    Calculate Income Tax Rate

    Gertrude Said:How do I calculate income tax rates?We Answered:I think you mean that the tax on $2300 is $345 and if your income is greater than that but not over $5350 you take the excess over $2300 by 25% and add that to the $345Harvey Said:what do u think about the Progressive method that used to calculate the income tax ?We Answered:Consider that a single mother with a crap $8.50 hour job supporting 2 kids -- and there are millions of women in that situation in the US today -- would lose upwards of $9,000 per year with a flat...

    Canadian Income Tax Deductions

    Regina Said:Canadian Corporate Income Tax - does GIFI Field "Employee Salaries" include source deductions (CPP etc.)?We Answered:You should complete the GIFI in such a way that it reflects how the company's financial statements are presented. So if you combine the source deductions with the gross salary on the financial statements then you should also do this on the GIFI income statement. There are separate GIFI codes 8620 Employee benefits, and 8622 Employer's portion of employee benefits if you want to show the employer expenses separately but if you simply combined these with the gross salaries this should be...

    Canadian Income Tax Information

    Gloria Said:On what specific income does the Canadian government calculate Income Tax ?We Answered:Hi Gaura, as far as the government is concerned, they look at all of your income for the purposes of calculating tax credits, such as the GST, Child Tax Benefit and provincial tax credits. However, with regards to what part of your income is taxable, the monies you received from social assistance in Ontario on form T5007 are NOT taxable for federal or provincial tax purposes. With respect to your self employment, you are required to remit CPP to CRA based on your net self employed earnings. If you earned...

    Canadian Income Tax Online

    Louis Said:canadian income tax?We Answered:It depends on so many things... what province you live in, what type of business it is, is it home based or external, do you have a spouse, do you have children, do you pay property tax or rent, do you have a mortgage, any medical bills or donations, RRSPs..... A safe estimate for self employment is 20-25% On your proposed $13k the tax rate might be closer to 10% but again, it depends on all the other factors. Something else to understand is that you are not taxed on your gross earnings. Go...

    Canadian Income Tax Rate

    Vincent Said:Question about paying income tax owing to the Canadian government?We Answered:Well... draining your savings/emergency fund is never a good idea. Taking the money from your line of credit would only be a wise idea if the interest rate is LOWER than what the government charges on overdue taxes. Currently, the government charges 5 % for overdue taxes. If you are like most people, your interest rate on your line of credit is probably over 6 %. Best thing to do is to pay the government in installments. That makes the most financial sense.Lydia Said:Do I have to...

    Canadian Income Tax Rates

    Irma Said:How to determine income tax burden in different Canadian provinces?We Answered:See the link below. While it doesn't show PST amounts, it can be used for income tax only.Lewis Said:Canadian Income tax??We Answered:I'm not sure if you are looking for how they calculate source deductions taken off your paycheque or the percent of tax you will pay after completing your tax return. If you want to find what source deductions (income tax, CPP and EI) should be withheld from your paycheque you can use the payroll deductions calculator. You just have to select the province you live in, how...

    Canadian Income Tax Refund

    Jessica Said:What do I need to know about paying Income Tax in Japan?We Answered:If you're only there for a working holiday, then you'll just pay Canadian income tax. You'll have to declare the income you made in Japan. If for whatever reasons your workplace in Japan deducts income tax from your wages, then you'll have to apply for a refund (if you want your money back). If your workplace knows how to deduct it, then they should know where to send you to ask for your refund. If not, go to your local city hall or kuyakusho and...

    Canadian Income Tax Software

    Chris Said:Canadian Income Tax Software?We Answered:i think there is even an online submission that is no charge for lower incomes, not sure where the threshold is or where your income level falls, but it was linked from revenue canada's website so I was told.... I didn't qualify, so I didn't look personallyCassandra Said:Does a Canadian Company Receiving Royalty Income from the US require an (EIN) Employer Identification Number?We Answered:Tim, You are correct that a Canadian recipient of royalty income need only file Form W-8BEN to claim treaty relief from the 30% withholding and does NOT need an EIN. Form W-8BEN...

    Canadian Income Tax Table

    Ramon Said:Can you simplify the tax situation in BC?We Answered:If you need to know exactly what the calculations for tax deductions are then check out the CCRA's websits ( Canada Customs and Revenue Agency). They have what is called Tables on Diskette which is downloadable. I make about $1200/week and my tax is roughly $300/week. I would be considered middle class. However my wife wife earns roughly the same as me so with our incomes combined we are in the upper middle class. I also have medical benefits deducted which is roughly $70/month and so my net pay is roughly...

    Corporate Income Tax Software

    Donna Said:How to price individual returns and what software to use?We Answered:Do a little 'Net research and see if you can find prices. http://efiletaxreturns.com/pricing.xml http://www.fileyourtaxes.com/Pricing.htm… http://www.taxhawk.com/servicepricing.js… Can't help you with the recommended software, although I have heard anecdotal evidence that supports your assumption on TaxAct. Best of luck.Nathan Said:What is the best way to to file corporate tax for small startup in Ontario?We Answered:$170 for Quick Tax is a great bargain. It will provide you with step by step assistance and make sure that you've completed your return properly. I work for an accountant - he's a very small operation so his bills are quite reasonable...

    Dividend Income Tax Rate

    Walter Said:Why should a man who earns income using his body and time pay different tax rate than a man who uses his head?We Answered:Wages get taxed as you make them. You can't postpone them until another year. You also don't pay your employer for a job, so you don't lose money on the job. Investments are taxed when you sell them. You can lose 100% of your money. Even if you get back your money, either in the form of dividends or capital gains, you lose due to inflation. The capital market doesn't exist unless...

    Earned Income Credit Tax Table

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    Earned Income Table Tax

    Jack Said:IRS Foreign Earned Income Tax Worksheet?We Answered:You shouldn't feel bad about being confused. These forms can be a bit daunting. However, I wonder if we're talking about the same forms. Line 4 on the Worksheet asks only for the amount of exclusion (from Line 18 of 2555EZ), not the tax on any amount. Line 5 asks for itemized deductions that you can take against foreign income. Are you sure you're looking at Lines 9 and 10? Anyway, here's the theory. First, you compute the tax on your all your taxable income....

    Earned Income Tax Credit Table

    Rodney Said:do we qualify for the earned income tax credit???We Answered:If you are filing jointly and are claiming one child, the limit is $33,241 (for your earned income). So if your income is a little less than that, you are probably figuring your EIC correctly. The closer your income gets to that limit, the less EIC you will receive. See the instructions for Form 1040, the EIC table.Harold Said:if i only worked 3-4 weeks out of the year last year, am i still eligible for the earned income credit?We Answered:you should because it goes by an tax...

    Electronic Income Tax Filing

    Wendy Said:Income Tax filing for NRI?We Answered:As an NRI you need not file a tax return if your total Indian income does not exceed Rs. 1,50,000 (upto 31.3.2009) and Rs. 1,60,000 (from 1.4.2009) per financial year. If you want carry forward benefits of the losses, so that you can adjust them in future profits to be earned in stock market transactions, you MUST file your tax return by 31st July 2009 (tomorrow). If you have the details of losses and PAN already allotted, this too can be done. You have still about 30 hours at your disposal. You may have to resort...

    E File Income Tax

    Lonnie Said:Hi, what is E File income tax mean? i don't have any income last year, so do i have to do the income tax2009?We Answered:E file means to do your taxes electronically or online and if you did not have income then you don't have to file.Tara Said:How to file a U.S INCOME TAX RETURN for those who is working in JAPAN?We Answered:You will need to file 1040 and file form 2555, click below http://www.irs.gov/pub/irs-pdf/f2555.pdf You will also need to fill out form 1116 Foreign Tax credit if you paid any tax to a foreign gov. click below http://www.irs.gov/pub/irs-pdf/f1116.pdf The first...

    File Income Tax Free

    Victor Said:Do we really need to file an Income tax?We Answered:·THINGS I DIDN'T KNOW UNTIL I SAW THEM ON THE INTERNET: Nobody ever really landed on the moon - it was a giant hoax. What you saw on TV was filmed in Utah. Elvis is still alive, and performing marriage ceremonies in Las Vegas. It is unconstitutional for the government to tax your wages (income tax), and most of what we think of as income isn't really income anyway. Excuse me now....I just won 2 million pounds in the online UK lottery when my email was randomly selected, and I have to go answer...

    File Income Tax Online

    Marvin Said:can i file my 204-2005 income tax online through the program i used previously?We Answered:No.. you cannot use prior year tax software for e-filing. But you can file your 2004 and 2005 taxes (back taxes) online. http://www.qcktax.com/file_prior_year_ta…Tracy Said:How to file tax returns in india online?We Answered:A non resident is liable to tax in respect of income received or deemed to be received in India by or on his behalf and income that accrues or arises or is deemed to accrue or arise in India during the previous year. for the year 2006-07, no income tax is payable if...

    Fixed Income Bonds

    Nathaniel Said:How is money supposed to earn in a fixed income fund like Euro fund? Will you get dividends every month?We Answered:A fixed income fund doesn't mean that investors get a fixed amount of dividend each month. It means that the fund itself invests in fixed income securities (i.e., bonds and money-market instruments).Dave Said:Equity and fixed income return models?We Answered:Valuation Models For - Equity: 1)Discounted Free Cash Flow 2)Market Multiuples 3)EVA - economic value added 5) CAP-M? APT? 4) Return on Equity, include Du Pont Return on Equity? Fixed Income (Bonds): 1) Times Interest Earned 2) PV of Future Cash Flows + PV of Face Amount of...

    Free Electronic Income Tax Filing

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    Free Income Taxes

    Hector Said:Can anybody suggest free programs where I can do my income taxes and submit them through Netfile?We Answered:I don't know which will be suitable Quicktax has no income limit on simple returns (no rental income no good) Ufile has an income limit of $20K from all sources I think H&R has a $20K limit as well CRA has a list of netfile software. See which one will fill your needs http://www.netfile.gc.ca/sftwr-eng.htmlMark Said:Where can I do my federal and Michigan income taxes for free online?We Answered:hi. i have been doing my taxes on line for a few years now. in michigan. you can do a...

    Free Income Tax Electronic Filing

    Jimmy Said:turbo tax free filing of income taxes how to get?We Answered:Go to "WWW.IRS.GOV", look for a link to filing for free, you will get a list of all free providers, just click on "Turbo Tax". I used them to do my taxes for free, also got free electronic filing. Got my refund in 10 days. BobAlfred Said:VA benifit (widow's benefits) only income in 2007. Am I eligble for the new tax rebate?We Answered:According to the IRS: You may qualify for a minimum payment of $300 if your tax return reflects $3,000 or more in qualifying income - which includes VA...

    Free Income Tax E Filing

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    Free Income Tax Filing Online

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    Free Income Tax Form

    Angel Said:What do I put on my income tax form to receive money back at income tax time? I am single.?We Answered:I presume you are asking how many exemptions to ask for on your Form W4. If you are single, with no dependents and you claim 1 dependent, you should (in many cases) just about break even. Of course, this also depends on your income level and if there are other credits which could apply when you do your income tax return. If you claim 0 exemptions, you will have more withheld, and thus, have a greater...

    Free Income Tax Forms

    Tanya Said:Where can I get free income tax advice that I can trust?We Answered:The information is in IRS pub 530, first time homebuyers:. Deductible Real Estate Taxes You can deduct real estate taxes imposed on you. You must have paid them either at settlement or closing, or to a taxing authority (either directly or through an escrow account) during the year. If you own a cooperative apartment, see Special Rules for Cooperatives, later. Where to deduct real estate taxes. Enter the amount of your deductible real estate taxes on Schedule A (Form 1040), line 6. Real estate taxes paid...

    Free Income Tax Help

    Lewis Said:Money in a tax free money market mut fun, seeking principal protection, current monthly income, better method?We Answered:You don't say how old you are but you seem to have your mind made up: no risk to principal! Of course, inflation is running higher than MM interest rates so by being "safe" you are guaranteed to lose buying power. My best advise is to call Vanguard, Fidelity or the like (no-load mutual fund companies). I'm partial to the first because I have had excellent service from them but you have many choices. They can help you put...

    Free Income Tax Online Filing

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    Free Income Tax Preparation Software

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    Free Income Tax Software

    Jose Said:Is there free or cheap software to track sales tax spending?We Answered:I live in a state without state income tax and unless you make rather large purchases, such as cars, boats, major improvemets to your home, then it automatically calculates your sales tax allowance based on your income. I've had to figure it out one year with a client who insisted that I add up every single receipt and there was like a $10 difference and it cost him $50 to add up the receipts. So unless you make major purchases in addition to regular sales tax, it's not...

    Income After Tax Calculator

    Jaime Said:When you get married how are your income tax withholdings determined?We Answered:Robbo: Check IRS Pub 15 and the with holding tables for the amount to be with held every pay check. The IRS income tax tables are available at www.irs.gov. Try the free H&R Block calculator at www.hrblock.com to estimate your annual income and the with holding you will need to cover your tax bill. The question about as to why your income increases when you enter all your items doesn't make sense. Tax rates increase more as income goes up and not so much a factor...

    Income Opportunity Home Based Business

    Ivan Said:Is there some one out there with a real home based business that can produce income quickl?We Answered:You do understand that with home based businesses there are start up costs involved. Most home based businesses cost under $500, depending on which industry and what type of business you would be starting up. You have the same income opportunity as a traditional business without all the over head expenses. Everything in your home that you use on a daily bases, like your telecphone, Internet, cell phone, car expenses, gas, electricty, etc becomes a tax write off. My husband...

    Income Taxes Filing

    Brenda Said:Where can I find a simple explanation of filing income taxes for a sole proprietorship?We Answered:You do not file quarterly for a sole proprietorship. You pay quarterly, but you file annually. For the instructions for paying (not filing) quarterly, go to http://www.irs.gov/pub/irs-pdf/f1040es.p… and include both the income from the sole proprietorship and the income from the salaried job in your calculations of "income" tax. Include the income from the sole proprietorship, but not the income from the salaried job in your calculations of "self-employment" tax.Stacy Said:Is is true when they say the more you make in...

    Income Taxes Help

    Randall Said:Does parents help with my income get reported on taxes?We Answered:No - but there are questions. Do your parents take a deduction for the money anywhere? Could you be your parents dependent. see the 3 Tests page 28 Is your filing status married filing jointly. See the 5 Tests To Be a Qualifying Child Even so - money your parents provide you is not income. Unless they take payments made to you as a business tax deduction or you are an employee of the business. Then it's a completely different animal so it's best to discuss it with parents. See Publication 17 Your Federal Income...

    Income Taxes Information

    Billie Said:What are my options if I can't pay my income taxes?We Answered:Do your taxes and contact the IRS. They DO have payment plans. This is verbatim right off the IRS website: Topic 202 - Tax Payment Options There are various options for payment of an outstanding federal income tax liability. Since your balance is subject to interest and monthly late payment penalty, it is in your best interest to pay in full as soon as you can to minimize the additional charges. Penalties are also assessed for failure to file a tax return so you must file even if you cannot pay...

    Income Taxes Rate

    Brad Said:Teen Income tax question. What is the rate?We Answered:There is no flat rate. And the amount you have withheld doesn't have anything to do with your age, and everything to do with how much you earn. It's also based on what you put down on your W-4 form. In addition to your federal tax, they'll also take out your state income tax, if any, as well as Social Security and Medicare. It's hard to estimate what they'd take out without knowing how many hours you'll be working. If you're just working part time and won't make more than about $5K...

    Income Taxes Software

    Brittany Said:How can I file my income taxes?We Answered:go to www.TaxACT.com It's a free, user friendly way to do your taxes. I got this site when I worked at the IRS and I've done my taxes there every years. If you have your w-2 your good to go.Stephanie Said:What software is best for figuring out how much taxes to pay when you are considerd an Independant Contractor?We Answered:Kiplinger's TaxCut, and TurboTax are the two more popular, reliable, tax software packages out there. She should be setting aside roughly 30 to 50% of what she earns, to cover taxes. (variables...

    Income Taxes Table

    Marlene Said:How much taxes would i owe on 2,440 dollars if i was getting paid under the table?We Answered:Fed taxes would probably be nothing assuming you have no other income. But this could be considered self employment income and you would have to pay the self employment tax (about 15.3%).Dennis Said:Child Support and Social Security Disability income and paying taxes?We Answered:You do not report child support at all on your taxes, believe it or not. If your ex pays you alimony, you have to report that as income. Regarding the Disability {Social security} income, the irs has a...

    Income Tax 1040ez Form

    Joshua Said:Do we need to file a income tax form?We Answered:No, if your only income is social security, you don't have to file a federal return. But this year only, if you had long distance service on your phone anytime between March 03 and July 06, you should file a form 1040EZ-T to get a refund of telephone excise tax. The form is short and easy, and it'll get you $40. You can download a copy at irs.gov or pick one up at your local library.Brian Said:For a person who is filing as single on his income...

    Income Tax 1040 Ez Form

    Eduardo Said:what does underreported of income tax mean?We Answered:How long have you been a student on an F-1 visa? More than 5 years? Then you are now a resident alien and interest income is taxable. At this point, your bank would want you to fill out a W-9. And at year 6, the correct form to file is the 1040. If you have been on an F-1 visa LESS than 6 years, then you are a non-resident alien and the interest income is non-taxable. When you opened the bank account you were to give them...

    Income Tax 1040 Form

    Olga Said:When do I file my income tax form?We Answered:www.iltax.com You fill out your IL income tax form immeadiately after you fill out your 1040 for federal taxes. Your Adjusted Gross Income found at the bottom of page 1 or the top of page 2 of your 1040 is the starting point to filling out your IL-1040. Then you make certain additions and subtractions to figure your base income. Then you deduct $2000 for every personal exemption. That comes to your taxable income. Multiply by 3% and that is your tax liability. Calculate your payments...

    Income Tax Business Deductions

    Marlene Said:Does my business have to make any money for me to take tax deductions?We Answered:Yes, you can deduct business losses from your personal income. Typically speaking, the IRS will allow you about 3 years of losses after start up before they get suspicious and start auditing you. However, if something doesn't add up, they could audit you at any time. Just make sure you have all the proper documentation so that if you are audited, you can show that your deductions are legitamate. Hilda Said:As a business owner how do I show self income to get child deductions etc?We...

    Income Tax Calculation Software

    Bonnie Said:From Where I can get free software of income tax calculation for the year 2007-08?We Answered:Free software is available only just to calculate the tax and not full version. Full versions are on payment basis. Free software: http://www.fastfacts.co.in/IncomeTax%20c… http://www.ynithya.com/taxcalc/Carlos Said:Is Rental Income considered in the calculation of the business income limitation for Section 179 expense?We Answered:http://www.acatcredentials.org/pdf/08Sol… Pages 172-175 seem possibly applicable. It seems to me that if the section 179 is for a Schedule C business, that the rental income on a Schedule E has nothing to do with it - unless the Schedule E rental IS the business. If none of this helps,...

    Income Tax Calculator Online

    Ellen Said:Is there any possible way to tell an appox figure for income tax that you will get back/have to pay?We Answered:I had built a quick and dirty calculator in excel. The other way is to compare your t4 and other t-slips with the e&y calculator. http://www.ey.com/GLOBAL/content.nsf/Can…Wilma Said:What is the after tax income for someone making $45,000/year?We Answered:If you are paid every two weeks, your net pay after deducting income tax, CPP and EI will be approximately $1,308, which works out to approximately $34,000 for the year. Canada Revenue Agency has an online payroll calculator: http://www.cra-arc.gc.ca/eservices/tax/b…Frank Said:Where can I find a free online...

    Income Tax Calculator Refund

    Clifton Said:Can Unemployment Compensation hurt my tax refund?We Answered:Unemployment compensation is fully taxable as ordinary income. And since the withholding is only 10%, and only if you opt to have tax withheld, it's highly likely that it will substantially reduce your refund. The calculator is correct, unfortunately. Many folks who have been collecting unemployment for an extended period of time are discovering that they have to PAY this year especially if the didn't choose to have taxes withheld from the unemployment compensation. Just be thankful that you're not in THAT group!Alicia Said:with this goverment tax refund,since I am...

    Income Tax Check Refund

    Ted Said:How do I know if my income tax refund check was approved?We Answered:If you filed electronically, IRS Pub 2043 states you should expect a refund on or about 30 Jan (if you requested direct deposit into your bank acct). If you wanted a paper check mailed to you, it would be placed into the mail on 6 Feb. If you mailed in your tax return (hopefully not), it'll take about 4-6 weeks for processing. State refunds vary depending on where you reside. Good luck!Josephine Said:Is a CA state income tax refund check still valid from 1984?We Answered:might as well try and...

    Income Tax Deductions

    Jack Said:Income Tax Medical Deductions?We Answered:well, I was told that you can't even really claim medical deductions unless they equal at least 7% of your gross annual income. Not sure if that has a factor in that or not. Sorry I couldn't help you more. Taxes always make my brain hurt. ;)Mitchell Said:deductions for businesses in "no income tax" states?We Answered:If you incorporate in a state in which there is no income tax, there would not be any necessary deductions because there is not tax liability. If you are a c-corp and do most of your business in another state...

    Income Tax Deduction Table

    Dennis Said:Income Tax Deduction as a Minor?We Answered:Pub 15 (Circular E) will tell you more than you want to know. http://www.irs.gov/publications/p15/inde… But to answer-I am assuming that you are paid every other week. If not, just look it up in the table. 467.20 at single/0 is (31.90+5.73) income tax, 35.74 FICA (0.0765%) 467.20 - 74.37 = 392.83 take home pay. For two weeks. Filing, if your parents can claim you as an exemption, you have to file without claiming yourself, just a warning.Justin Said:Do foreign teachers from America need to pay for income tax or health insurance in China?We Answered:It depends upon the...

    Income Tax Electronic Filing

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    Income Tax Extension Filing

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    Income Tax Federal Refund

    Melinda Said:Can I garnish a tenant's federal income tax refund?We Answered:No. The IRS is not a collection agent for private debts. The only debts that can be satisfied through offset of a tax refund are debts to the Federal government (including taxes), State income taxes, unpaid Federally guaranteed student loans in default status, and unpaid child support in arrears. Depending upon State law, you may be able to get a wage garnishment or seize money directly from their bank account but tax refund offsets are off the table.Leslie Said:Federal income tax refund from last year?We Answered:No. There is...

    Income Tax Filing 2004

    Lucy Said:i want to get some practical income tax return filing tips.?We Answered:Under section 139(4) of the Income tax Act, you can only file your return within one year from the end of the assessment year for which you are filing i.e. one year from the end of the financial year. Now you can file your Financial Year 2004-2005 return till 31.3.2007 and 2005-2006 return till 31.2.2008. For earlier years your returns have to be regularized by the assessing officer under section 148 of the Income-tax Act, 1961. If there are unpaid taxes, there will obviously be interest and penalties....

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    Income Tax Filing Online

    Nellie Said:What are the steps to take to file Income Tax for self-employed online contractor?We Answered:You file a Form 1040. Attach Schedule C to account for your business income and expenses. Keep very careful records of the payments to the overseas designers as you won't be able to file 1099s for them since they don't have or need Social Security or Taxpayer Identification Numbers and can't be compelled to get them. It is a legitimate business expense if you can prove that it was actually paid, however. Once you figure your net profit on Schedule C, complete Schedule...

    Income Tax Filing Software

    Christian Said:How do I go about filing income tax for eBay sales?We Answered:If you only sell items on eBay occasionally, then you are most likely a sole proprietor (some eBay sellers will incorporate their business but most eBay sellers are sole proprietors). Sole proprietors report their eBay income and expenses by completing Schedule C - Profit or Loss from Business and attaching it to their personal income tax return (Form 1040). You should report your gross income (the sales price before any fees or discounts), then deduct your business expenses to arrive at your net profit. Business expenses that eBay sellers typically...

    Income Tax Filing Status

    Julio Said:Income Tax: Filing status?We Answered:Married, filing jointly (even if only one had income).Betty Said:How does my husband and i fill our status on our w-4 and file income tax?We Answered:You can put anything on your W4, it does not affect your filing status. The W4 only tells your employer how much tax to withhold, that's all. If you are married, you should normally file a joint return as you will pay much lower tax. The only alternative is to file married filing separately; you CANNOT file as single if you are married. However, if you did not get a...

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    Income Tax Form 1040

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    Income Tax Form 1040a

    Craig Said:What US tax form is required for income taxes for someone who has an Employment Authorization Card?We Answered:You would file the same income tax forms as everyone else. Form 1040, 1040A, or 1040EZ and the related schedules that apply to your situation. Good luck!Brian Said:Financial aid form help.. parents income tax?We Answered:Tootsie: If you are working with the FAFSA, just read the instructions carefully. They'll tell you exactly where to find the information you need on the various forms. Read the instructions very carefully for every question, not just the tax questions. Let's take a look: Question 86 says: "What was your...

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    Income Tax Form 16

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    Income Tax Form 2004

    Christine Said:where can i find the insturctions for the 540ez form(CA resident Income tax return)? which website?We Answered:Things are due April 17. I am not from CA and do not file a state income tax in my state, so I was not sure about some things. I found: Form 540, Form 540A, Form 540 2EZ easily enough, but not one that said 540ez. I'm not sure what the differences are. I seemed to find 540ez things from before 2005. If you actually have Form 540 2EZ go here: http://www.ftb.ca.gov/forms/05_forms/05_… If you have 540-ES: http://www.ftb.ca.gov/forms/04_forms/04_… (At first this looks wrong, because the page and url mention 2004,...

    Income Tax Form 2d

    Todd Said:What is the difference between 2E and 2D Income Tax forms?We Answered:Form 2D : For filing of Income-tax return by non-corporate assessees other than persons claiming exemption under section 11 Form 2E : For filing of resident individual/Hindu undivided family not having income from business or profession or capital gains or agricultural income In case you are eligible under both the categories - you may file your return in any of these forms.Marie Said:Are US citizens required by law to pay income tax?We Answered:Rick is correct. More specifically, Title 26 is the codification of the actual laws passed...

    Income Tax Form Federal

    Bernice Said:Does the Federal Reserve Bank pay taxes on the interest they collect in the form of income tax of US citizens?We Answered:Obviously the Federal Reserve does not collect taxes; that would be the IRS. I believe your question comes from a often-repeated myth of the "tax protester" movement that all income taxes goes straight to the Federal Reserve who keeps it. You can dispel this myth for yourself by just looking up the figures on the internet. - Revenue from income taxes: $809B (ref: http://www.publicagenda.org/issues/factf… - Interest on the national debt: $160B - Portion of the national debt held by the Federal Reserve: 17%...

    Income Tax Form No 16

    Charlotte Said:Reg form 16 with zero tax (no TDS)?We Answered:No Need just file form 15H and say No Tax and file a NIL Return.Danielle Said:Do you have to pay income tax no matter what?We Answered:The 16th amendment authorizes congress to collect taxes on incomes, from whatever source derived. The tax code deliberately uses the exact 'income, from whatever source derived' language. The form of payment is not relevant. There are some forms of income specifically not included. It does not sound as if any apply in your case. Depending on how much you make and...

    Income Tax Form Online

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    Income Tax Form Uk

    Erik Said:On what line of which IRS tax form do I report income from my UK Old Age Pension?We Answered:If it's the equivalent of social security (a public pension scheme) not a private pension or a pension for government work, put the amount on the line for social security.Nicole Said:Income tax reclaim p80 form?We Answered:I think you mean form P85. You are unlikely to have a refund due for past years, but a refund may be due for the year you leave the UK. This will be becasue you will not have used up all your tax free allowances for...

    Income Tax Free Online Filing

    Charlene Said:Do you know anything about PRIOR YEAR 1120S "free online tax filing" software?We Answered:Only current year's returns can be filed online. Also besides 1120S, you may need to file State S-Corp franchise and income tax return and S Corporation RECONCILIATION and SHAREHOLDERS INFORMATION Return.Regina Said:Which tax filing software is free for people who have foreign income?We Answered:None of the free versions will file Form 1116, Foreign tax Credit.Micheal Said:is there a Canadian Free online program for filing my income tax return other than the one offered by revenue?We Answered:ufile.ca is also free for income earners under $20,000. I've tried...

    Income Tax Online Calculator

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    Income Tax Online Canada

    Peggy Said:How to fill out tax in Canada online?We Answered:I would suggest that you NOT purchase the software (download or CD). Instead, use the ONLINE version of QuickTax, here: http://quicktax.intuit.ca You will be entering data directly into your web browser, and when you are done, Quicktax will file the return electronically for you.Jordan Said:Until when do I need to report income tax in Ontario,Canada?We Answered:If you are filing a return and will be owing money back to the government, then the filing deadline for your tax return is midnight on April 30th. If you are receiving money back, then file when...

    Income Tax Online Form

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    Income Tax Online Forms

    Gladys Said:I lost the copy of my income tax form from last year. Where do I go to get a copy. Is there an online site?We Answered:Topic 156 - Copy of Your Tax Return – How to Get One If you need an actual copy of your return, you should complete and mail Form 4506 (PDF), Request for Copy of Tax Return, along with a check or money order for $ 39.00 per tax year made payable to the "United States Treasury". Allow 60 calendar days to receive your copies. Most needs for tax return information can be met with a...

    Income Tax On Inheritance

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    Income Tax Preparations

    Rose Said:Can I file my income tax without my state ID?We Answered:Most tax preparation places only ask for ID if you are getting a bank product (i.e. a refund anticipation loan.) You should still be able to file, though you may need to pay up front. Some will even take the expired ID as long as it isn't too old.Pauline Said:How much money will I get back from my income tax?We Answered:Go to the IRS web-site and choose one of the free tax preparation programs. I have used the free version of Turbo Tax for several years....

    Income Tax Rates 2004

    Andre Said:PLEASE TELL ME THE PERSONAL INCOME TAX RATES FOR THE PERIOD 2001-2007 (2001-2002,2002-2003,2003-2004,etc...?We Answered:You will find rax rates from AY:1992-93 till now from this web site. Just select the financial year in this website, http://www.incometaxbangalore.org/taxinf…...

    Income Tax Rates 2007

    Terry Said:Are the Indian income tax rates for the assessment year 2007-2008 the same as those applicable for 2006-2007?We Answered:For May 2007 CA PE II the followings are not applicable. The rates of income tax in india has changed. Although the tax rates are same but a minor change in slabs. For Individuals Resident woman previously it was exempted upto 1,35,000/- now its increased to 1,45,000/- rest rates and slab are same. Senior citizen previously it was exempted upto 1,85,000/- now its increased to 1,95,000/- rest rates and slab are same. For Others previously it was exempted upto 1,00,000/- now its increased to 1,10,000/- rest...

    Income Tax Rates Canada

    Charles Said:Income tax for minors in Ontario, Canada?We Answered:The rates that you pay for income tax would depend on how much you earn in a given time frame. If you're only getting one hour per week, the deductions will much different from someone getting 50 hours per week. No matter the amount, you'll have to pay EI premiums, even if you're a minor. The rate is 1.71%, and is applied to the first dollar you earn. If your income for the year turns out to be less than $2,000, you'll get these premiums back. If you're under eighteen, you won't be allowed...

    Income Tax Rates Spain

    Edgar Said:would it be better to get rid of income tax?We Answered:If you think about it in the UK we actually pay soo much more than the income tax rate. I think the standard rate for income tax is 22%. However, why doesnt National Insurance get included in that?? Because it would make an income tax percentage that would make people revolt. So the Government cleverly hide all these extra taxes on, well everything. VAT already exists on most of the goods we buy so "adding a couple of pence" wont work as we already pay 17.5 pence for each...

    Income Tax Rate 2004

    Felicia Said:How does one determine Income level by using tax rates only?We Answered:Google "2005 Publication 17", which is an IRS publication. Go down to pages 250 through 263. I'm assuming that this is a 1040 individual tax with a schedule C or schedule E, since you mentioned depreciation. Corporate and fiduciary taxes would be calculated with different formulas. Please note that the statue of limitations on filing a 1040x is 3 years from the filing date. You mentioned that this is a 2005 tax issue. You can no longer amend a 2005 tax return, since the 3 year statue of limitations has...

    Income Tax Rate Calculator

    Nelson Said:When calculating tax savings from mortgage interest, should you use your marginal tax rate or average tax rateWe Answered:Compute your tax with out a home then add the home and see how much it changes. If you get the standard deduction for a couple it is over 10,000 so that part is no savings. When you have a house you have property taxes and interest to deduct plus then your state income or sales tax and charity is deductable. If you aren't doing charity and pay $3,000 for property tax only any interest over about 6K will reduce your tax and...

    Income Tax Rate Chart

    Eduardo Said:What is the basic rate of income tax in the US?We Answered:The US has a graduated income tax at the Federal level. The rates vary from 10% to 35%, however with exemptions and deductions the net rates vary from 0% to just under 35%. Additionally 43 of the 50 States plus DC have income taxes. State rates are all over the chart but average around 5% of total income.Norma Said:state personal Income tax rate?We Answered:Mississippi collects income taxes from its residents utilizing three tax brackets. For single taxpayers: -- 3% on the first $5,000 of taxable income -- 4%...

    Income Tax Rate Schedule

    Warren Said:What is the current Federal and NYS tax rate for Supplemental Income from rental real estate?We Answered:S-Corp income is simply added to your total income and the rate is the income tax rate appropriate for your total taxable income. The total from Schedule E gets put on line 17 of the 1040, which is part of total income. You do not have to pay the additional FICA tax you would have paid had it been wage or self-employment income.Mattie Said:what's is a tax rate schedule?We Answered:The tax rate schedules tell you what your tax liability is based on your...

    Income Tax Rate Table

    Lance Said:How do I change the income tax rate for Michigan on QuickBooks?We Answered:If you're not a subscriber to payroll updates, the tax table cannot be changed. Tax tables can only be updated via the payroll update. When you're doing payroll manually...you have to calculate taxes manually.Erika Said:Why is the top marginal income tax rate is around 46% in Ontario, while from this table, only?We Answered:the reason is this....if you check the ontario provincial tax calculations....the basic rate is 11.16% BUT.... once the ontario tax reaches $3900, there are provincial surtaxes.... 20% on the amount above 3900 and 36%...

    Income Tax Refund 2004

    Olga Said:I have file my income tax from 2007 on march,16,2008. I have not receive my refund yet, Why is that happening?We Answered:You need to contact IRS at 1-800-829-1954 or visit IRS website "wheres my refund" Since you have not received your refund could be IRS didn't receive it, or IRS received and processed your return but you have not filed all your tax returns from 2001 2002 2003 2004 2005 and 2006 then IRS will hold you refund until you file and IRS would of sent you a LTR 2825C,Jason Said:How long will it take to receive my income...

    Income Tax Refund Check

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    Income Tax Refund Checks

    Michael Said:Has anyone ever requested that their income tax refund be direct deposited into someone elses bank account?We Answered:It will not go though. The IRS will verify that the name on the account matches exactly the name on the tax return. If you are filing a joint return, both of your names need to be on the bank account. You can never use somebody elses name. What will happen is, once the IRS realizes the account number and your name do not match, they will convert the refund to a paper check and mail it to...

    Income Tax Refund Estimate

    Wilma Said:what determines the amount of money on my income tax check?We Answered:Hi! You would need to look at the amount in box one. This is your taxable earnings. If this is all the income you have then you would subtract $8,950 from that total. The $8,950 is the single standard deduction and one personal exemption. This leaves you with your taxable income amount. This number needs to be looked up on a chart to see how much the tax is. This number is subtracted from the amount in box two of your W-2. ...

    Income Tax Refund Loan

    Brittany Said:how does an income tax refund work?We Answered:The income tax refund works to keep people happily paying taxes. With payroll deductions throughout the year, people loose track of how much of their money the government takes away. Then when they get a check in April they think its Christmas. People start looking forward to tax day instead of examining how much of their money the government is confiscating throughout the year. By sending out checks each Spring the government distracts people into thinking they just got a visit from Santa. The money you get...

    Income Tax Refund Status

    Dwayne Said:How it's possible to get less tax return if my income is higher than the year before and my status is same?We Answered:Sounds like you were moved into a higher tax bracket. Or you had fewer deductions.Wesley Said:What does it mean when your tax refund status now has the reference number 1301 to call the irs?We Answered:Here's a list of reference codes: 1001 Refund paper check mailed more than 4 weeks ago See IRM 21.4.1.3.4, Refund Issued But, Lost, Stolen, Destroyed or Not Received 1101 No data, taxpayer filed paper return more than 6 weeks ago See IRM 21.4.1.3.1.1,...

    Income Tax Returns Online

    Mae Said:In India, what is the last date for filing of income tax returns this year for individuals ?We Answered:Hi, 31st July is the last date for individuals. Simple tax is an online facility wherein you can file your IT Returns individually or through tax consultant who have already registered to us. The system will ask you simple questions which you yourself can answer without knowing the complications of the tax laws, based on which it will calculate the tax figure. After you have gone through all the applicable questions and answered then the system automatically prepares the annual Income Tax return...

    Income Tax Return Filing Free

    Wallace Said:Can you add your tax return as a source of income?We Answered:Your tax "return" is what you file. If you get a tax "refund", that was already counted in your gross income, so you cannot count it twice. You just loaned to the the gov't interest free and got it back after you filed taxes. If you did not properly fill out a W-4 form, doing that properly and filing it with your employer might give you a little extra net each payday, although, your refund may be smaller or you may end up owing a little at...

    Income Tax Return Filing Online

    Frances Said:Filing Income Tax Return Online in India?We Answered:ITR2, since you are salaried and have capital gain. No balance sheet need to be submitted as ITR2 is annexure less. They won't accept any doc other than ITR. ITR2 is enough for you.Jeffery Said:Income Tax return: filing online?We Answered:No you will not have to submit a copy of your W2s. You may or may not have to submit a document to the taxing agency. For federal taxation purposes there are still certain circumstances that you must file a form 8453. And, state laws vary, you might or might not be required to file a...

    Income Tax Return Online

    Frank Said:How do I file my state income tax return if I have W-2's from two states?We Answered:YOU WILL HAVE TO FILE STATE INCOME TAX IN BOTH STATES, IF BOTH OF THOSE STATES HAVE A STATE INCOME TAX. YOU CAN GO TO TURBO TAX ONLINE AND THEY WILL HELP YOU FILE FOR BOTH STATES FOR A SMALL FEE. OR YOU CAN GO TO H & R BLOCK, JACKSON HEWITT, OR ANY TAX PREPARER.Ernest Said:How to file income tax return without form-16?We Answered:You do not attach Form 16 with your return. You need Form 16 to complete your tax return. Form...

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    Joshua Said:Canada income tax - file income as an independent contractor?We Answered:You might want to get a GST registration number anyway, as you can get a refund of GST paid on items that you purchased to create your designs. It's called an Input Tax Credit.Rafael Said:how to file for income tax in canada?We Answered:in your situation you might be best off going to a service like H&R block, or buying a software package like quicktax. Quicktax uses an interview to help you fill out the forms. Some places like H&R Block are running specials for studentsMarion Said:Income tax in...

    Income Tax Software India

    Margaret Said:Is there a free software THAT CALCULATE of income tax for business class in India for A.Y 2009-10?We Answered:ITR-4 ereturn form available at the website of Income Tax department is useless. It will not calculate everything like the interest payable on the tax due. I have tried Winman's Saral Tax and did my work within its demo valied period. It is very good. But it costs about Rs.5000 for ereturns and Rs.2600 for paper return. I have not purchased it but I tried the demo version. You can download and try the demo version from...

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    Randall Said:How much is the income tax in the Philippines?We Answered:It depends on how long are you going to stay working here in the Philippines. If it is just less than 6 months, then you will fall under the tax classification of Non Resident Alien not Engaged in Business and a final tax of 25% (not sure) shall be deducted in your income. But if you have intentions to stay or work for long and will have the necessary work permits, you may be classified under Non Resident Alien Engaged in Trade and Business on which your income tax will...

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    Tanya Said:Maths Project Help: Income tax and NI tax rates?We Answered:Tax: £22,000 less personal allowance £6,475 = £15,525 taxable x 20% = tax of £3,105. NI is more difficult, because rates depend on on the amount paid each payday. So it would be a different figure if wages are erratic, or amounts are the same each week/month. Two sites I suggest you look at, http://www.hmrc.gov.uk/rates , and http://www.listentotaxman.com (but alter the year to 2009/2010, which is the year I guess you are doing). The latter site will give you annual/monthly/weekly NIC and net pay figures you can use. If you have...

    Individual Income Tax Rate

    Jessica Said:Is it possible to down load the latest circular showing rate of Income tax for handicapped pensionersWe Answered:Rate of Income Tax is made applicable as per your "status" as per the Income Tax Act e.g. Individual, HUF, partnership Firm, Company etc.,. There is no seperate rate of tax for handicaps but they do have certain amount of deduction from income under section 80U. It is better you consult tax consultant. Jessie Said:income tax rate question..........??We Answered:The tax rate all depends on how the business is set up regardless of how it earnsi its money. C and...

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    Neil Said:UK tax question (re: offshore income)?We Answered:No, only UK domiciliaries who are also ordinarily resident have to declare their worldwide income. People who are resident but not domiciled in the UK only have to declare UK income arising or money that they bring into the country. The difference between domicile and residence in the UK is tricky. Google 'British domicile' for an understanding of the term. You do not need to be foreign born to be a non-dom. A UK resident that is a non-dom has no need to 'get around' anything. A UK domiciliary who is also ordinarily...

    Irs 1040 Income Tax Form

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    Irs Income Tax Filing

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    Irs Income Tax Form

    Claude Said:Which IRS tax form do I need to use if I received income from the USA and overseas?We Answered:US citizens are subject to US taxes on their world-wide income from all sources. Where you live doesn't impact that. You file Form 1040. You may be eligible to take a credit for foreign income taxes paid. File Form 1116 to do that. You don't qualify for the Foreign Earned Income Tax Exclusion as you don't meet the time or residency requirements yet. Get a copy of IRS Pub 54 from the IRS website. It will tell you...

    Irs Income Tax Form 1040

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    Irs Income Tax Help

    Carla Said:could an attorney help me if I owe $7k in income tax?We Answered:Probably not. What you need to do is file an amended return including the income that the irs is saying that you owe on, and also claim any expenses that you incurred while earning that money (mileage, contract labor, supplies, meals (only 50% though), etc). If you really do owe $7k in tax, an attorney is not going to be able to really help you. All he can do is say, sure I can help, and than hit you with his fee when he can't.Maurice Said:INCOME TAX...

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    Allison Said:How can some one make money online without it being called and income for tax purposes?We Answered:Any money received from any source whatsoever is considered income under federal law. You might have talked to someone who hasn't paid their taxes yet (but will when the IRS catches up to them), but you did not talk to someone whose money is miraculously not money when tax day comes. Because the IRS's enforcement division can sometimes be slow to get zeroed in on someone, people often think they're getting away with not paying taxes or filing returns, when the...

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    Vicki Said:Why do the top 400 income earners only pay a 16.6% tax rate according to the IRS and wall street journal?We Answered:Write offs and incentives to hire people or we can go with Obama and threaten to remove those incentives and watch the unemployment numbers climb.Yvonne Said:In what OFFICIAL DOCUMENT can I find the rate of 5.5% for federal income tax?We Answered:I'm pretty sure it's not 5.5%, but it is in an IRS publication. I've linked it for you. The tax rate varies based on what you make, how much you deduct and which credits you qualify...

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    Mary Said:IRS agents: Is there any law in fine print that tells me I have to pay my federal income tax?We Answered:Actually there is a law. It is contained in the Internal Revenue Code of 1986, and it is fairly simply stated: Section 1 of the Internal Revenue Code (Title 26 of the United States Code) says, "A tax shall be imposed on the taxable income of...." and then it lists all the types of tax filing (married, single, etc.) and the tax rates for each type of filer. Section 63 of the Internal Revenue Code defines "taxable income" as gross...

    Irs Income Tax Refund

    Amy Said:If my IRS refund was seized by the Department of Education, can my tax rebate check be seized as well?We Answered:Yes. According to the IRS: Q. I'm eligible for a payment but I still owe federal income tax from a prior year. Will my payment be reduced? A. Yes. For this purpose, the stimulus payment is treated like any other tax refund. This means that part or all of your payment can be used to pay past-due federal or state income taxes or non-tax federal debt such as student loans and child support. If this occurs, you will receive a letter...

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    Ashley Said:Where online is the US Individual Income Tax Table for 2006?We Answered:The following link is the instruction booklet for the 2006 1040EZ. http://www.irs.gov/pub/irs-prior/i1040ez…Shirley Said:If income taxes ( IRS) are removed why not a VAT tax since illegal aliens would then have to pay taxes?We Answered:A VAT by itself is regressive. If we're going to abolish the income tax for a national sales tax then we might as well adopt the FairTax which has a correction to make it progressive.Alfredo Said:Where online is the US Individual Income Tax Table for 2005?We Answered:http://www.irs.gov/formspubs/article/0,,…...

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    Low Income Tax Help

    Troy Said:if i work 24 hrs per week on low income what help can i expect from hmg?We Answered:Why should they have to help you? Why not work longer hours like many other people do?Sergio Said:Why are our tax dollars supporting these sexist and racist programs for low-income parents?We Answered:I had to write an essay last year for my Women's Studies class about this. I got an 80% on it. Unfortunately I can't remember what the hell my point was, but looking at what you're writing, this is insane. It promotes women's dependence on men instead of...

    Nc Income Tax Filing

    Maurice Said:I moved from NC to OH in July of 2008. If I had no income in OH, do I have to file OH taxes?We Answered:Check residency requirement on OH on the state web site. If you are not a resident (for full year) of OH, and do not have any income while in OH, then you do not file OH tax return. If you are present in a state, then any income earned during this period, must be reported to the state. To your resident state, you must report your worldwide income for the year. Read about taxes involving two...

    Nj Income Tax Filing

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    Nj Income Tax Form

    Harry Said:Do I need to file a NJ tax form if all my income is form NY and my part time residency is NJ?We Answered:Not sure what you mean by part time residency in NJ. The state you lived in the most of the time is where you would file and any income earned in the other state would be filed as a non-resident of that state. If all of your income came from NY and you lived in NY then NJ would have no claim. I you lived part of the year in NY and moved to NJ (or...

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    Milton Said:Income tax in Middlesex, NJ on $38250?We Answered:Your federal income tax will be around $4000, or maybe less if you have any credits or deductions beyond the standard. But if you're just starting work now, you won't have that much earned for 2008 - so there's no way to predict what you might owe without knowing your total income for the year. In addition to federal income tax, you'll pay 7.65% for social security and medicare, and NJ income tax - that rate will depend on your total income for the year. I'm not sure you understand just what a...

    On Line Income Tax Filing

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    Pay Income Tax Online

    Vivian Said:How much tax do I pay for gains on an online savings account?We Answered:You should be mailed a 1099-INT from your financial institution. You should also be able to veiw your 1099-INT forms on-line considering it's an online bank. You add your taxable interest *to* your yearly wages to get your adjusted gross income. So you are not just taxed on interest- it's your income as a whole. After subtracting your deductions, you should get your taxable income. You then use the tax tables to figure your tax. Depending on your credits,...

    Pa Income Tax Filing

    Bobbie Said:Resident of another state do I have to pay PA State income tax?We Answered:If you earned more than $33 in PA, you have to file a State return.Milton Said:Worked in MD, Live in PA, where to file income tax?We Answered:PA. Income taxes are paid based on residency. Odds are you did not earn enough to even have to fileSteve Said:I'm 17 years old and I live in PA, Can I file for income tax?We Answered:Yes you need to file. As long as you are working and receiving a pay check, income tax filings are required.Adrian Said:Do I...

    Pa Income Tax Form

    Paul Said:Should I have paid Pennsylvania Income Tax?We Answered:Googling "Pennsylvania Income Tax" leads to the immediate knowledge that yes, Pennsylvania has income taxes for individuals. Ohio and Connecticut do as well. The 'usual' rule is that you are liable for income taxes in both the state where you work and the state where you live. Each state has a set of rules about how to divide the tax when you work in one and live in another. Congress (the Federal government) has, so far, refused to enact any law providing some sensible division of the right to tax people such...

    Pa Income Tax Refund

    Glen Said:People in PA, Income Tax Question about claiming children?We Answered:On your PA state taxes, dependents don't generally come into play. For low income earners though, they may help you qualify for tax forgiveness or a higher level of tax forgiveness. On the federal return, it's going to vary because several things can affect your return. 1. You as the lower earner may get Earned Income Credit but not have enough income to get Child Tax Credit. 2. Your fiancee might be able to get Child Tax Credit but make too much to get Earned Income...

    Personal Income Tax Software

    Maureen Said:Which is a good paid personal accounting software available in India for taxes and books of accounts?We Answered:For account the most popular software is Tally. It is available with the Tally software dealers. I am using Tally7.2. Now Tally9 is available. http://tallysolutions.com/newwebsite/htm… For preparing income tax, you have to purchase another software. I am using "Winmen Saral Tax" and I am satisfied with it. http://www.winmansoftware.com/Theresa Said:How much tax do I owe from 8k self-employment income and 25k regular income?We Answered:The 1099 is sort of like a W-2 - you don't file it yourself; you get it from the person/people who...

    Professional Income Tax Preparation Software

    Warren Said:Do you pay tax on rental income if you charge less than mortgage costs?We Answered:You will definitely still pay taxes on the rental income...but, there is always a but, you will also be able to DEDUCT all the expenses for the rental home as well. This included but isn't limited to - tax preparation; property management fees, any repairs (done by a professional or 'reasonable' amount charged by you or your spouse), lawn care/maintenance/ snow removal, labor & materials, signage/advertising, water/sewer/trash bills (that may have to stay in your name dependent on the state your property is in)...

    Professional Income Tax Software

    Jesse Said:How can I fillup income tax return?We Answered:Filling up of Income Tax returns needs some knowledge about Income Tax. If your income is just Salary only than you can use ITR-1. You can use ITR-2 if you have other incomes. Anyway I am herewith giving you a link to download the instructions about filling the income tax forms. Try. http://incometaxindiaefiling.gov.in/port… On opening the above page, first you will find the list of forms to download. After the list of forms, then you will find "Download Notified Forms for AY 2007-08 ". You down load the...

    Residual Income Business Opportunity

    Laurie Said:Is there a real good way I can make residual income online?We Answered:There are ample opportunities to make money through online association but it will require developing skills specific to a particular discipline. In my case, I'd suffered the loss of much of my vision (now restored surgically) and had to shut down my repair business. I got involved in the stock market, set about the job of learning all I could. Years later, I'm loving every day as I greet investment opportunities I've selected. We tend to think in terms of finding wealth hiding under a rock or within a...

    Saral Income Tax Form

    Alfredo Said:From where to get a Saral form for filing tax returns,for salaried persons?We Answered:Saral form or 2D Form are not in use for 09-10 Assessment period now new form ITR 1 is in use for filling return for salaried person last date for filing return is 31st july' 2008 Form will be available from IT office or from onlineReginald Said:can i file my income tax return in Form 2D Saral for the A.Y 2007-2008?We Answered:You cannot file your Income Tax Retun for A.Y. 2007-08 in Form 2D. You will have to use the new ITR forms for A.Y. 2007-08. If you submit...

    Uk Income Tax Rate

    Jerry Said:Please what is the current rate of income tax in the UK ? Thanks?We Answered:Personal allowance is £5435 Tax rate is 20% from income from 5436 to 36000. Anytihng above 36K is taxed at 40%. For NI its 11% after a minimum amt of 5435 p.a (proportiantely)Raul Said:what is the rate of income tax (UK) which a landlord of a property must pay?We Answered:Add PAYE income to the income from renting after allowable expenses incurred and then the total will be taxed as if it had been earned in a job with personal allowance taken off first as normal. It is as...

    Uk Income Tax Rates

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    Uk Income Tax Refund

    Antonio Said:UK Income Tax refund?We Answered:It depends when you submitted your Self Assessment Tax Return, whether you are expected to calculate or HMRC will do it for you. There will be a backlog after the 32/01/07 deadline date. Wait a few weeks and then call your local HMRC tax office for an update and to progress chase. There are no timescales and it will be processed in due course. Why not file online next year and receive an instant calculation and refund. Online is the way ahead! Hope this helps!!!Elizabeth Said:Tax Refunds - UK Tax - How do you get...

    Uk Income Tax Software

    Leon Said:how do i pay NI + income tax in the UK?We Answered:What you have is a DPNI (Direct payment national insurance) scheme. This for people who work in the UK for a company that is in another country and doesn't have a UK base. You need to calculate and deduct tax and national insurance from your own wages and pay it monthly to HM Revenue and Customs. At the end of the tax year (5 April) you will also need to complete Employer's Annual Returns (consisting of forms P14/P60 and P35) which can be done on a paper...

    Where Is My Income Tax Refund

    April Said:Where do I enter my advanced Earned Income Credit amount on my tax refund?We Answered:If you are using software to prepare your return you will enter the amount of advanced income in box 9 of the W-2 for the employer that you received advance EIC. That amount will carry over to line 61 on your 1040 form. This will become a debit from your total EIC. If you are filing a handwritten return you add up any AEIC you received and enter that amount on line 61 of the 1040 or line 36 if you are...

    Withholding Income Tax Table

    Brenda Said:Help with federal income tax (FIT) calculation?We Answered:We don't know what you mean by 'table of allowance', nor 'withholding allowance', you don't use these to figure your tax, you use them to figure how much to withhold during the year, from your paychecks! If you mean exemptions, yes you multiply $3,650 for each exemption! By 7, if you mean Taxpayer+Spouse+5 children, then you multiply 7x$3650 ! The correct calculations would be= $52,000-$11,400= $40,600, This is your income minus, standard deduction for filing Marr Jointly $40,600--$25500= $15,100, This is your income minus 7 exemptions, which equals your taxable...

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