Tag Archive | "Work"
How Much Should I Withold For Taxes When Doing Side Work? I Have A Full-time Job,side Work Will Be About $32k
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...How Does The $8000 First Time Home Buyer Tax Credit Work For Someone Who Didn’t Owe Anything On Taxes?
Saturday, February 13, 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...How Does The $8000 First Time Home Buyer Tax Credit Work For Someone Who Didn’t Owe Anything On Taxes?
Saturday, February 6, 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 Taxes Can I Expect To Be Taken From My Paycheck If I Work In California?
Wednesday, February 3, 2010
I have received my paycheck and want to make sure I was paid correctly. My check stub lists deductions but I am not sure if they are correct. How can I make sure the required taxes were taken and that the correct amount has been deducted? The deductions listed on my check are: FICA FIT State Benefits Local/SDI Other Deductions
Continue reading...How Do I Start Paying Taxes From Contract Work And Help With Tax Tips?
Tuesday, February 2, 2010
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 [...]
Continue reading...Need Some Clarification On How Taxes Work?
Thursday, January 21, 2010
Okay so say i made $4000 last year and my parents could claim me. So If they claimed me on their taxes, i wouldn’t be able to get my tax money back? The reason for asking this is because id rather let them have that extra $2000 for claiming me rather me [...]
Continue reading...How Does Paying Taxes On 1099ed Income Work?
Saturday, January 16, 2010
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 [...]
Continue reading...How Do Taxes Work If You Consult For A Business That Is Out Of State?
Monday, January 4, 2010
Hello all, I am currently an independent consultant for a company based in Massachusetts. However, I do ALL of the work remotely in California. The employer did withhold anything. Do I still have to pay MA state income tax, or do I only pay California state taxes? Thanks in advance!
Continue reading...How Do Taxes Work For Winnings From Online Poker/gambling Sites Based Outside The Us?
Tuesday, December 29, 2009
If you win $50,000+ from an online poker/gambling site based outside the US, is there any way to cash out the money without having to pay taxes? If not, can someone explain how taxes would work?
Continue reading...How Do Taxes Work When Selling A Company?
Monday, December 28, 2009
If i were to buy a company for 10 million financed with loans, then over time pay off the loans, and then sell the company for 10 million, do I pay taxes for the business considering it was sold for the same as purchase amount? What if i sold it for 20 million? Will only [...]
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Monday, February 15, 2010
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