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| tax accounting |
| Mum (Australian) owes me 拢15,000 if she pays it back into my account here in UK will I have to pay tax? |
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Repayment of a debt is not classed as income, but any interest charge on the debt is. Tax would be payable on the interest only. Since the 拢...... |
| I am an accounting major but would liek to specialise in tax.? |
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If you become a CPA, that automatically allows you to represent clients with the IRS. Passing the enrolled agent exam does the same. If yo...... |
| What are the tax consequences of withdrawing money from an IRA account to pay off other debt? |
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1. You have to pay taxes on the amount withdrawn.
2. You will pay a 10% penalty for early withdrawl.
Source(s):
...... |
| How much money can you have in a paypal account before you have to pay tax on it? |
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Unlimited. Merely putting money in a PayPal account does not trigger a taxable event, in and of itself. It's nothing more than a speci...... |
| How can I produce a Tax Invoice from my BT account? |
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Even as an ex-Vatman I can not tell what you mean. If you are talking about your telephone bill the VAT is written on it but I think that mu...... |
| I want to take out money from a 403B account from a company I am no longer at. What are the tax effects? |
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If you simply take the money out, you'd have to pay federal and state income taxes. Also, if you are under 59 and 1/2 years old, you wo...... |
| Can a tax refund be put in my husbands bank account even though I'm not on it? |
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you had to sign the tax return if you filed jointly...... |
| Can i get more return investing my money in a oversea account then here in the u.s.? and will i be taxed? |
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Yes you can get better return by investing i the Oversea market like India stock market through mutual funds.yes you will be taxed but still...... |
| If you owed $8,000.00 in back taxes could or would the IRS take the money from a 401k retirement account? |
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If you don't contact them, they can levy and place liens on all your assets, so technically they could. The interest they apply continu...... |
| Can I give avoid taxes when I give a large sum of money by opening up a joint bank account in both our names? |
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This will still be seen as a gift. There is an annual exclusion of $11,000 for gifts made to each person. There is also a lifetime exclusi...... |
| On savings accounts, how much interest do you have to earn in a year to have to pay Capital Gains taxes? |
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one dollar $1.00...... |
| I have $4000 in a stock account. I traded and profited $800. I put all that back in. Do I have to pay taxes? |
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Yes you do.
You should get an end of year statement describing what happened in the account. The $800 may be a combination of dividends ...... |
| Whats up with h and r block?i e-filed my taxes a week ago. i already paid via my checking account and.....? |
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Your problem lies with the IRS not H & R Blocks Tax Cut. The IRS will not begin accepting electronically filed taxes till 1/12/07. That me...... |
| I owe 2000 in taxes, can the IRS just directly take that money from my 401 account? |
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The short answer, alas, is no. If you have a 401k you are evidently in employment. Are you sure you are having sufficient tax deducted fro...... |
| When filing taxes, do you have to put in how much money is in your savings account? |
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No, what your savings account balance is doesn't go into your taxes. But interest on it does, and if she thinks you have a lot in it, s...... |
| If taxes don't apply credit card DEBT, would a CREDIT applied to your credit card account be taxable? |
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The answer is no for payments or return of merchandise. This is not income.
If you ask the credit card company to reduce your credit c...... |
| My taxes were mailed in how long will it take for them to hit my checking account.? |
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theres a tax irs website that you can go to and it will tell you when they recieved it and when they mailed out your refund so you can trace...... |
| What are restrictions & taxes for withdrawal of funds used to establish (i.e.,fund) a 529 college account? |
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Although your contributions aren't pre-tax (you pay state and federal tax on the money you put into the account), there are some states ...... |
| Is it possible to transfer money from a 401K account into a cd without having to pay a penalty or taxes? |
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You can do a rollover into an IRA account. If you want to investment in CDs, open an IRA account at a bank and then get the rollover forms a...... |
| I MAILED in my taxes, and then asked the IRS to DIRECT DEPOSIT my refund to my bank account. ???? |
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Normally, yes. Usually about 2 to 4 weeks for a mail-in with direct deposit....... |
| Inherited IRA and closed the account- How do I know if I took out the right amount of taxes? |
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I can't answer specifically because I don't know the rest of your tax situation. You would be OK in most cases with the 30% unless ...... |
| I've been adding money to my IRA account every month. Is there something i must add to file my taxes? |
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if you made a deductible contribution to a traditional IRA account, you would report this on Form 1040, line 32. if you are filing single a...... |
| What are the documents/taxes required for lottery winner to have winning amount in account from london/eurouni |
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It sounds like you may have been a victim of a scam. Research the banks/lottery agents involved. If you never bought a ticket for this int...... |
| Can a married couple file taxes seperate even if they have joint checking and savings accounts? |
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You can file separately if you think there is a financial advantage. It is rare , but under certain situations it could be beneficial. Havi...... |
| I have an adsense account what percent of my profit should i save for taxes? |
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You have to claim all of the income. Not sure where you get the idea that $600 of that is exempt but that's NOT true.
To estimate yo...... |
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