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Taxes
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All right, everyone hates them. But do you know your enemy? Can you explain how VAT works, what is meant by personal tax allowance or offer tax tips for self-employed people? If you’d like to share your knowledge of the tax system – for individuals or businesses – or have a question of your own, then welcome to the Blurtit Tax page!
by Zee51  07 Jul 2008 15:08:32 - 1 answered
Alaska, Delaware, Montana, New Hampshire and Oregon are the only states that do not have any Sales Tax. So they are definitely a good choice. Based on... more
by Solomon17  29 Jun 2008 03:41:58 - 1 answered
You'll have to do some digging to see who's holding your loan, but when mine went into default they started to garnish my paycheck.  My checks aren't... more
by Mills38  20 Jun 2008 19:31:29 - 2 answered
You're in luck because 0.00 (zero) multiplied any number of times is still 0.00 (zero) so there isn't any calculation required. more
by Jendy  14 Jun 2008 17:21:24 - 1 answered
More than the profit, you should look at your income as an aggregate. As a rule of the thumb, you should send in 4 to 5% per quarter. Best thing to do... more
by fw  10 Jun 2008 01:18:41 - 1 answered
Every country has different percentage on the taxable income but the minimum taxable income in USA is 10,000 dollars annually or more. If this is the income... more
by jlsg64  05 Jun 2008 19:39:46 - 1 answered
31 % to 33 % here is a great link http://http://www.taxfoundation.org/research/show/542.html more
by boo56  30 May 2008 14:59:49 - 1 answered
Are you talking about a tax levy or a wage garnishment?  I don't see how an employer would receive a tax levy on you as you put it.  A wage garnishment... more
by yanelis  14 May 2008 01:08:54 - 1 answered
Your question isn't very clear.  In my twenty-eight years working at the IRS,  I never  of a discount.   If your ex filed a joint... more
by sembry  11 May 2008 04:28:26 - 1 answered
Not if you got your refund on your card within five days of filing your taxes, so if you did a rapid refund, you will get a paper check. I know this... more
by Florist  05 May 2008 14:38:12 - 1 answered
Even if your income is not taxable, you need to file a tax return for 2007 if you want to receive the stimulus payment.  File a joint return. ... more
by juSmile  01 May 2008 19:17:20 - 1 answered
There are many advantages and disadvantages of tax audit.   Advantages: Main benefit of tax audit is to help government to avoid tax theft by companies.... more
by JumiraMy  30 Apr 2008 07:06:20 - 1 answered
That comes under state and local taxes.  It all depends on where you live. more
by newberry  23 Apr 2008 23:43:44 - 1 answered
Gross profit is the difference between revenue and the cost of making a product. Overheads, taxes, payrolls,, and interest payments are deducted later... more
by coantman  16 Apr 2008 03:09:39 - 2 answered
Income averaging may be a possibility for someone who has not filed. I think it is best to call the irs directly--ask for their impartial tax law knowledge,... more
by geo712  12 Apr 2008 03:18:07 - 1 answered
Mostly countries put heavy custom and excise duties in order to discourage imports and to boost their national industry. This is being practiced in many... more
by genocimoli  07 Apr 2008 06:14:37 - 1 answered
Per Diem is meant for lodging and food, and living incidentals but excludes automobile and travel expenses. more
by mariajean  07 Apr 2008 01:25:30 - 1 answered
Adam Smith's life and works predated the modern era of the levy of Income Taxes in this country but was subject to the experiences of taxation by others.... more
by ryguy  06 Apr 2008 21:00:58 - 1 answered
You can only get a benefit from the economic stimulus legislation if you can claim a dependent for the child tax credit (under 17 years old). You also... more
by triyambak  05 Apr 2008 21:09:45 - 1 answered
If your Unearned income was over $850.00, then you must file. more
by wabora2006  04 Apr 2008 17:15:17 - 1 answered
It's a little difficult to explain here, but if I'm not mistaken, column A would show what was on your original return.  Column B would show the additional... more
by giggytlh2  28 Mar 2008 08:03:13 - 1 answered
Just go to Google and type in Oklahoma State Tax Table. You will get plenty of "hits". more
by timira2you  14 Mar 2008 16:15:38 - 1 answered
Tariffs help prevent foreign manufacturers from flooding a countries markets with cheap products that the countries manufacturers can not compete with... more
by Caladian85  31 Jan 2008 18:28:16 - 1 answered
You didn't specify what state you have to send them to, but those states that have an income tax usually have some sort of department of taxation and finance.... more
by Wajiha  26 Jan 2008 16:00:57 - 1 answered
The laws of the Income tax in Pakistan are governed by the policies of Central Board of Revenue. The Income tax authorities are divided into sub departments... more
by nybor  24 Jan 2008 01:37:33 - 1 answered
Go to this website. Http://www.irs.gov/instructions/i1099msc... TTM more
by chatwin  21 Jan 2008 18:17:08 - 1 answered
You can't get that online.  Call the IRS at 1-800-829-1040.  They should be able to provide you with a transcript of the information.  Your... more
by qianahart  20 Jan 2008 16:37:13 - 1 answered
Tariffs are basically for the protection of the local industry. A tariff on Foreign Shoe Imports would immensely Benefit shoe Manufacturers of the U.S.... more
by tjs  17 Jan 2008 23:42:04 - 1 answered
You can mail the form and the voucher (940-V) together. See Form 940 to find out where to send them. more
by dolphinkry  17 Jan 2008 18:36:42 - 2 answered
Subsistence refers to the means of livelihood support, or provisions, or simply livelihood. Thus it is a source or means of obtaining the necessities... more
by miguel14  17 Jan 2008 14:26:40 - 2 answered
I believe they mail them to your house. more
by pickles123  17 Jan 2008 14:07:12 - 2 answered
The links are on the I R S site, just click on the year for the forms you want. Or perhaps search for tax software more
by apia  17 Jan 2008 09:33:31 - 1 answered
Taxation is the source of revenue for the government. In the global world of today there are a zillion smes operating all around. The taxes they are paying... more
by boomer1852  27 Dec 2007 05:41:42 - 2 answered
I always keep all kinds of receipts specially the tax ones. You can claim or even refund from your income tax by showing these receipts and its always... more
by neslihan  19 Dec 2007 23:03:14 - 1 answered
Revenue reserves are the reserves represented by retention of profits. Sometimes they are labelled profit & loss account on the Balance Sheet. And a capital... more
by uspco  17 Dec 2007 16:11:20 - 1 answered
I've found various sites mentioning this, but non giving a complete list. The best advice seems to be to contact the national conference on state legislatures.... more
by maddirene  14 Dec 2007 19:15:08 - 1 answered
Unless your friend is able to go to the site he used to file your taxes, you won't find your 2006 tax return on the internet. You can request copies... more
by kevwar  13 Dec 2007 05:58:00 - 1 answered
Without more information, it's impossible to even make an estimate about the taxes or a refund. What's the taxable income? Do you itemize or do you use... more
by bajari  05 Dec 2007 15:22:33 - 2 answered
Central Board of Revenue is a federal department of Pakistan. It is responsible for collecting revenues for the Pakistani Government. Its prime function... more
by ldkinsman  04 Dec 2007 04:20:51 - 2 answered
Well you should have mentioned the country you reside in, so as to help me better answer you. As a practitioner of tax though, I do not believe that... more
by peg5858  27 Nov 2007 23:01:56 - 2 answered
You are exempted; as long as you go to school as a full time student. & you don`t have to fill a w-4 out. You just claim it at the end of the year... more
by julster  25 Nov 2007 14:58:39 - 1 answered
In 2007 & 2008, estate taxes are due if you own or control over $2 million dollars of assets, unless you leave it to a spouse, where $0 tax is due. In... more
by 2kids  21 Nov 2007 14:33:29 - 2 answered
It varies from countries to countries and from states to states. But in general, the federal tax rate is 15% of your gross salary. more
by arunadixit  18 Nov 2007 16:34:08 - 1 answered
 It is an Assignment in MCA 5th sem of SMU more
by lacopine  30 Oct 2007 21:38:10 - 1 answered
Information like that for 2008 is not yet available. You should make your projections using 2007 rates. The rates for 2008 may not be different, but... more
by crobrent  30 Oct 2007 18:06:09 - 2 answered
There is a useful link on msn money from where you can get the tax advices and tips. See the link below: http://articles.moneycentral.msn.com/taxes/home.asp... more
by jgriffin  30 Oct 2007 09:58:36 - 1 answered
No. The Child Tax exemption is what is called a statutory credit. What that is, is a credit to reduce the tax, and it is not refundable. more
by milk4lumi  15 Oct 2007 09:56:30 - 3 answered
The Federal tax rate is the same everywhere. Look on your paycheck stub for these federal taxes: Federal Withholding FICA Social Security Medicaid... more
by baybecakes  14 Oct 2007 17:10:42 - 1 answered
I can't be certain about Lousiana, but frequently the federal ID # or EIN (Employer Identification Number) is the same number states use as state ID #s.... more
by gooseman  24 Sep 2007 15:46:47 - 1 answered
You're going to take a beating. The land doesn't depreciate but since the building is valued at zero dollars the sale price will be treated as 100% profit... more
by bad289  21 Sep 2007 15:21:48 - 2 answered
The tax deduction depends upon the law of the country. If you salary is in the range of tax deduction then you have to consult with tax department for... more
by Nebraska  17 Sep 2007 16:38:18 - 1 answered
It stands for "Federal Insurance Contributions Act" and is a payroll tax that the employee puts in along with their employer who matches the tax. This... more
by bsmith  12 Sep 2007 13:18:57 - 1 answered
If he is in business for himself, he can use a Schedule C to report gains and losses, The schedule lists those things he can deduct as business expenses... more
by ranger59  11 Sep 2007 11:31:24 - 1 answered
I assume you are talking about starting a business in the US. Most business are taxed based on the amount of income they make. As your income increases,... more
by kddnelson  09 Sep 2007 20:02:23 - 1 answered
A Form W-9 is an application for a federal Tax Identification Number - a Social Security or Employer Identification Number. If you are employed, you... more
by marlasmud  09 Sep 2007 16:25:31 - 2 answered
It is the amount of money that an importer have to pay on the values of goods imported from outside the country. The import duty varies on different items... more
by gijodeci  01 Sep 2007 11:48:40 - 1 answered
Good Luck with that! The sheriff's auction in the parish for which it is in. be ready for a long wait to actually get the property. The defaulters still... more
by thredayz  21 Aug 2007 15:20:43 - 2 answered
Form W-9, is a Request for Taxpayer Identification Number and Certification, is used in the United States income tax system by a third party who must file... more
by chops9114  16 Aug 2007 13:14:20 - 1 answered
I'm not sure where you live but here in the US you simply apply to the state you live in. They have forms that you can download online at your state government... more
by Pendimar  07 Aug 2007 19:16:30 - 1 answered
Yes, The IRS lein trumps everything. If you want to make changes you will need to pay the debt in full. If you sell the lein must be paid in full, If... more
by dalelw  01 Aug 2007 23:07:51 - 1 answered
Consumer retail exemption is a certificate which helps consumer to waive off the tax on a certain thing. So if you are eligible for consumer retail exemption... more
by jessicahea  01 Aug 2007 01:27:50 - 1 answered
If you are referring to a federal tax return, you can request copies of your tax returns from the IRS by filing Form 4506, but that will cost you $39.00... more
by kay66  30 Jul 2007 21:32:54 - 1 answered
Well now a days there are more houses than building and people are buying houses more than staying in apartment and building have price right now so you... more
by cottonland  30 Jul 2007 02:53:56 - 1 answered
No! The vehicle only made one trip! One mileage charge for it. more
by becky2007  27 Jul 2007 21:49:44 - 1 answered
Since you lived in your first home for more than five years, and your second for more than two years, you should be able to exclude up to $250,000 ($500.000... more
by candy239  26 Jul 2007 04:17:39 - 1 answered
I think the customs department will contact you directly when the shipment arrives. Maybe you have to contact the port authority of the port it's coming... more
by bigbass  25 Jul 2007 05:46:51 - 1 answered
Gross pay times 15.3% then add the federal withholding. this is the amount to deposit. It may vary if you have a section 125 insurance deduction. In... more
by delacrus  22 Jul 2007 22:40:06 - 1 answered
You can request copies of your tax returns from the IRS by filing Form 4506, but that will cost you $39.00for each return. If you can make do with transcripts,... more