IRS Tax Relief » Paying

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

admin — Sat, 13 Feb 2010 03:50:40 +0000

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? Related posts:How Do I Start Paying Taxes From Contract Work And Help [...] Related posts:

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

admin — Fri, 12 Feb 2010 04:00:48 +0000

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 you could suggest.

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

admin — Tue, 02 Feb 2010 15:50:57 +0000

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 Minnesota. I am afraid I will to paid an outrages amount of taxes. And also I had not been keeping receipts for the year 2006.

What $ Amount Do You Start Paying Taxes For A Cash Prize? I have just recently won $500 dollars cash prize at...
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How Hard Will Taxes Hit Me By Not Paying Until The End Of The Year?

admin — Mon, 18 Jan 2010 03:50:56 +0000

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 on say roughly 60k? I own nothing and have no kids.However, I’m married and as of now my wife is a full time student. Would buying land by the end of the year help and how much?

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How Does Paying Taxes On 1099ed Income Work?

admin — Sat, 16 Jan 2010 15:53:07 +0000

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 since I made under $5000 or whatever that minimum amount is?

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