Comments for IRS Tax Relief

Comment on Does Quickbooks Automatically Take Taxes Out Of A Paycheck That Make? by hirebook

hirebook — Sun, 28 Feb 2010 15:53:38 +0000

Quickbooks does not do anything outmatically.
If you sign up for Quickbooks payroll service, you have to set up the employees and the deductions and Quickbooks does the work because it has the tax tables (which is why you pay for the service)
You have to pay (and worry) the taxes that are witheld from the employee’s check and match the employer portion of the social security . You must do this a minimum of monthly usually. You do the proper tax forms and either pay online or send in a check.

Comment on How Much Taxes Do I Need To Pay? by Joey's Girl

Joey's Girl — Sun, 28 Feb 2010 03:52:06 +0000

why not just call the IRS and ask them they will be able to give u an more accurate answer as to how much ur taxes is gonna be on it.

Comment on How Much Taxes Do I Need To Pay? by mister ed

mister ed — Sun, 28 Feb 2010 03:52:06 +0000

impossible to answer with the facts given — like the other two said we need more info.

Comment on How Much Taxes Do I Need To Pay? by Dr. Deth

Dr. Deth — Sun, 28 Feb 2010 03:52:06 +0000

Is it income to you? Is it a gift to you? Are you a money launderer? Are you a drug dealer or terrorist? you’re not providing enough information.

Comment on How Much Taxes Do I Need To Pay? by NoNickna

NoNickna — Sun, 28 Feb 2010 03:52:06 +0000

Without more information on this transaction, its impossible to give you an answer. Please provide more info – who, what, where, when and how would be great. Thanks.

Comment on How Much Taxes Do I Need To Pay? by Judy

Judy — Sun, 28 Feb 2010 03:52:06 +0000

If this is money that you earned from investments or anywhere else, and you paid the tax on it when you earned it as you are required to do, then the transfer won’t cause additional taxes.

Comment on How Much Taxes Do I Need To Pay? by Bostonian In MO

Bostonian In MO — Sun, 28 Feb 2010 03:52:06 +0000

The tax due will depend upon the type of income the payment represents. Dividends and interest are taxed as ordinary income. Capital gains are levied on the gain and depend upon whether they’re short term or long term.
Do bear in mind that if you hold authority over a foreign account with a balance of over $5,000 at any time during the year you have various US Treasury Department reports that MUST be filed. If you fail to file those reports you risk confiscation of the funds.
Additionally there are restrictions on American ownership of foreign stocks and bonds. Most foreign investment firms to do not conform to US SEC rules or make the required SEC filings for the foreign shares. You can run afoul of both SEC and host country investment rules as well as various tax laws you directly hold certain foreign investments.
I would strongly suggest that you consult with an attorney who has expertise in foreign investment law. You’re involved in an area that can be very murky for the average investor.

Comment on How Do I File Taxes For 2 Different States And Have Residency In Another? by visvardi

visvardi — Sat, 27 Feb 2010 15:46:50 +0000

thats a good question for your tax preparer

Comment on How Do I File Taxes For 2 Different States And Have Residency In Another? by chatspla

chatspla — Sat, 27 Feb 2010 15:46:50 +0000

You need to file a return for your state of residence and returns for states in which you worked.

Comment on How Do I File Taxes For 2 Different States And Have Residency In Another? by Dog Man

Dog Man — Sat, 27 Feb 2010 15:46:50 +0000

Non-Resident or part time resident.I used to file non-resident for Oregon where I worked but lived in Vancouver WA.