Archive | Tax Q&A RSS feed for this section
Anything We Can Do To Lobby For Lower Taxes Or Fees On Phone And Cable Bills?
For example, why am I charged for ‘touch tone’ dialing? At $1.50 per line no less! Do the phone companies really support rotary dialing phones anymore? And do we need federal excise taxes plus state excise taxes plus sales tax, plus other fees and taxes? Shouldn’t that be a part of [...]
Continue reading...What Taxes Am I Subject To If I Am Running A Vending Company?
18. February 2010
i am going to operate and manage the vending in my stores i.e. candy, tattoos, stickers what do i need to do to get started? what taxes will i be subject to? what governing agencies will i report to?
Continue reading...How Can I Determine How Much Taxes Is Supposed To Be Deducted From My Paycheck?
16. February 2010
Sometimes I think my company is with holding way too much taxes out of my paycheck. I confronted the human resource manger, and she just said that my last job wasn’t taking enough out. The thing is, I didn’t have a problem doing my taxes last year. Does someone know like a tax deduction percentage [...]
Continue reading...What Taxes Does A Maryland Resident Pay On Inheritance Money From Out-of-state Relative?
16. February 2010
If I receive money as an inheritance from a relative who does not live, nor has ever lived, in Maryland, do I have to pay taxes to the state of Maryland on the amount I receive?
Continue reading...How Much Should I Withold For Taxes When Doing Side Work? I Have A Full-time Job,side Work Will Be About $32k
15. February 2010
Each project will be approx $4000 (computer programming work). I have a full-time job and I’m going to do this work on the side during the weekends. Is there anyway to give the government their cut after each job? I hate trying to put money away to pay for taxes not knowing [...]
Continue reading...What Taxes And Regulations Apply To A 15 Year Old’s Business?
15. February 2010
I would like to start a business fixing computers, comp tutoring, etc. My question is what kind of taxes apply to me and do I need to register business name and everything?
Continue reading...What Taxes Would I Have To Pay If I Run My Own Business From Home?
14. February 2010
Does anyone know what taxes I would have to pay if I am running an internet based shop from home. Do I have to register for VAT as soon as I start to sell? How much national insurance would I have to pay? I expect to be selling items of around $25k P.A of which [...]
Continue reading...Do I Need To File Estimated Taxes If I File Jointly?
13. February 2010
I am a stay-at-home parent. I started a freelance business and expect to earn a total of $7000 by the end of the year. I file jointly with my husband every year. He is paying enough through withholding to cover my tax expenses. So, do I have to pay estimated taxes on what I earn? [...]
Continue reading...How Does The $8000 First Time Home Buyer Tax Credit Work For Someone Who Didn’t Owe Anything On Taxes?
13. February 2010
I am in the process of buying my first home, and I am wondering how the $8000 tax credit will help me if at all. I have never owed anything on my taxes, I have always got a refund. Someone told me that if you didn’t owe anything on your taxes that you would actually [...]
Continue reading...What $ Amount Do You Start Paying Taxes For A Cash Prize?
12. February 2010
I have just recently won $500 dollars cash prize at a contest at my work. My work taxed the cash prize…. I thought that the taxes start at $1000. Could someone clear up the Tax Rules on Cash Prizes less than $1000 in Pennsylvania?
Continue reading...© 2010 IRS Tax Relief. Powered by Wordpress.
19. February 2010
3 Comments