| tax accounting |
| Will I be taxed for the money wire from foreign country to my bank account? |
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The money you receive will not be income to you as long as you use it to purchase equipment for another person. If you are paid anything fo...... |
| Do i pay taxes on capitol gains even though the money stays in the account untouched by me? |
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It depends if you actually sold the stock/security or not. If it's just a stock and you still have it and it went up, you don't hav...... |
| If I have an investment account with my mom (joint tenants) how do we pay taxes on interest & dividents? |
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Well, as far as the IRS is concerned, whoever has their social security number on the account should be the one who claims the income. As fa...... |
| I received a 1099 for a 401K that I transfered to another account. Do I have to claim it on my taxes? |
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Report the rollover on line 16A of the 1040, put -0- in box 16B and write in the margin next to the box 16B rollover
Publication 590
...... |
| If you have money sitting in a savings account earning interest, do you have to pay quarterly estimated taxes? |
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If you expect to have a tax liability over $1,000 that is not covered by withholding, then you are supposed to pay estimated taxes.
If ...... |
| I was beneficiary of my fathers checking & savings account. He died in April. Do i have to pay taxes on money? |
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There is no United States Federal Inheritance tax. You would owe income tax if you inherited "qualified" or "pre-tax" m...... |
| I want to put money in a savings account to earn interest. Do I have to pay high taxes? |
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For any interest you earn, you will have to pay tax and the amount will depend on your tax situation. It will probably be about 20%, but ask...... |
| Are there taxes involved in putting money into a Money Market Account? Even when April 15 comes around? |
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A money market is an investment that invest in debt securities. Generally, money markets have maturity of less than 1 year. They have lower ...... |
| On a 401k are the employer required to take social security taxes out before entering it in your 401k account? |
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Salary you earn that is contributed to a 401k is subject to social security and medicare tax. Usually, this tax is taken out of your check a...... |
| Do you pay taxes on selling stocks that are in a 401k account? |
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Selling the stock within the account = no tax.
Withdrawing the funds from the account = tax plus 10% penalty.
Check the annual plan su...... |
| Can anyone tell me if I am being garnished for nys taxes can other creditors seize funds in an account or garn |
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For a creditor to garnish your account/wages they must sue you and get a court order. Being garnished by NY does not allow or prevent that ...... |
| Escrow account for home, how does it work when paying taxes? |
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My escrow is set up to pay my county taxes twice a year. The first half in June and the second half in December. Possibly this is what is go...... |
| Can i e file my taxes and have them deposited into my moms bank account? |
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Yes, you can e-file and have the money desosited into your mother account. When you are asked how to file select e-file and then it will as...... |
| If I live in the US and have a brokerage account with assets that I trade and pay taxes to the US government.. |
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If you are an US citizen, you must pay taxes on ALL your income, no matter where you live. As for paying taxes in the country you've mov...... |
| If foreign taxes were withheld on a stock holding in an IRA account, can this be claimed as a credit? |
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No, it just reduces your gain....... |
| How much taxes will i pay for certificate of deposit?Is savings account with 5% APR more reasonable than CD? |
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Your taxes on the CD will be the same as on your regular income, so it depends on what tax bracket you are in.
As far as having a saving ...... |
| I coown a house.We pay our mortgage from joint check account. Does it matter who deducts interest from taxes? |
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split it according to what percentage each of you paid....... |
| If I have an NRE account in India, do I need to pay taxes in the US on earnings from this account? |
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Yes. It is income and in the US you are going to pay taxes on income. (MOST of it anyway). There is more that is needed to answer the questi...... |
| As a French citizen under a visa in the US, do I have to pay taxes on Interests earned with a saving account? |
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Yes you have to pay income tax, it's the law since you earned it in the US. Go visit a tax firm like H&R Block to have them help you....... |
| Do I need to pay taxes on the interest gained in the 401K account? |
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Yes, you'll need to pay taxes on your 401 interest -- but not until you withdraw it -- presumably you'll be in a more "favora...... |
| When should I expect my federal taxes to be direct deposited to my checking account? |
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Check out the IRS refund cycle here: ...... |
| Can under 18 year olds get taxed if they earn interest in a savings account? |
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My 7 month old is being taxed on the interest in her savings....... |
| Taxes...My accountant accidently put in my wrong bank account (the one i had last year...) how od i get my $$$ |
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When the IRS get the money back, they will mail it to the address that is on your return....... |
| Can an account find out where im not paying enough taxes throughout the year so i dont have to pay in one lump |
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Go to www.irs.gov, individual, 15 topics down, IRS Withholding Calculator. If you follow this worksheet, you can keep it pretty close.
If ...... |
| How do you account for a Whole Life Policy cashout with taxes? |
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Life insurance is not considered an investment. You have no loss or gain....... |
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