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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Is It Worth Paying More Property Taxes For A Home I Am Planning To Buy?

I am planning to buy my first home and there are some homes which have property taxes around 3k-4.5K /year There are some newly constructed homes(2004-2005 model) and they have higher taxes of around 6k – 7K/year. 1) Is it worth buying these newly constructed homes with those higher property taxes ? 2) Any other pros & cons [...]

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How Do I Start Paying Taxes From Contract Work And Help With Tax Tips?

I started a year ago doing 2 maintianece contract work and got about $40,000.00 in 2006 and I still had not paid taxes because I didn’t know where or how to. My contract place just gave me a 1099Form. I’m single and I recently just got a regular W-2 job. I’m in [...]

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How Hard Will Taxes Hit Me By Not Paying Until The End Of The Year?

I am currently over seas working tax free. If I stay 330 days I know I dont have to pay taxes due to the amount I make. If I choose to leave early I will have to claim it all and pay at the end of the year. How much will I have to pay [...]

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How Does Paying Taxes On 1099ed Income Work?

I haven’t made any taxable income for the year except for a nominal (over $600 but less than $2000) amount for which I’ve been 1099ed. Will I end up having to pay taxes on the full amount, or is it only the amount over $600? Will I have to pay taxes at all [...]

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