IRS Tax Relief

What $ Amount Do You Start Paying Taxes For A Cash Prize?

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?

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I Owe A Small Amount Of Taxes From Last Year And The Year Before. How Much Are The Penalties Around?

The taxes i owe are not much maybe a couple of hundred dollars, also i have a small refund this year, will the IRS take my refund this year and will they take my rebate off $300 (that everyone is getting) until the back taxes are paid? Should I just not count on getting a [...]

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When Will The Tax Rebate Check Amount Be Applied To The Taxes I Owe For 2007?

My husband and I filed jointly and owe taxes for 2007. We are on a payment plan and will not finish paying it off at the time the rebate checks get sent out. I understand that if we do qualify for the rebate, it will be applied to the amount we owe. My question is [...]

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When Making Estimated Tax Payments To The Irs, Do I Need To Include An Amount To Cover Self-employment Taxes?

I am a self-employed consultant as of this year, so I am responsible for both income and self-employment taxes. If I cover all income taxes due with estimated taxes during the year, but do not include funds to cover SE taxes until I file in 2009, will it appear on my filing next April that [...]

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