| tax accounting |
| When you put money in a savings account do you pay taxes on that money? |
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You pay taxes on the interest you are paid by the bank, not on the money itself. If you have $1000 and get $20 in interest, you pay taxes on...... |
| Non resident and residents holding joint bank accounts. What happens for taxes? |
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finally a decent question....
this pretty much covers it
...... |
| Is it better to get an Escrow Account or a Savings Account for your Property Taxes and Insurance expenses? |
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Usually people do an escrow account because they do not want to deal with making sure to save the money to pay for their property taxes and ...... |
| How are bonuses taxed and how to I account for them on my 1040? |
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Your bonus might be itemized on your last pay stub for the year. It might have a line for regular wages, and federal tax withheld, then a l...... |
| Is there anyway to take out some money from an IRA money market account with out paying taxes or Penalties? |
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You are allowed 60 days to rollover an IRA if you take possession of the money. If the IRA money is distributed to you and taxes are withhe...... |
| How is SLV/GLD taxed for Canadian nonregistered investment accounts? |
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50% rate is too high its more like 32% at least in the US but I cannot speak for Canadien taxes but they are considered commodites and thus ...... |
| How long can the state take your weekly pay,your yearly taxes and levy your financial accounts for back suppor |
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Sounds like they're adding compound interest to the total. This may or may not be legal in the state where you live. You need to talk wi...... |
| How do you account for the taxes withheld from vested restricted stock awards? |
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That income should have been included on your W2, so if you have entered all of the information from your W2, you have already accounted for...... |
| Yahoo deleted my old account which was attached to my other account for my taxes and now i cant finish!? |
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There are many malicious people on here who make a career out of reporting other users so that their accounts are deleted including your ema...... |
| I won money playing poker online, taxes and how best to get it into bank account without incurring taxes? |
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Incorporate in Nevada and open a corporate bank account using a Federal ID number, Form SS4, you can get the number on the telephone, or dep...... |
| If I earn interest in a savings account, is it taxed? |
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Yes....... |
| If you are in joint tenancy on a bank account and one of you dies, is the account subject to taxes and what ki |
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Joint Tenancy in Common? Joint Tenancy with Rights of Survivorship?
The accounts would not be subject to income taxes, except any intere...... |
| How much minimum amount to be deposited in ICICI bank savings account without being taxed per day? |
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ING Direct have no miinmum
...... |
| How do taxes work in UGMA accounts? |
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They are not tax deferred vehicles - taxes should have been paid (at the lower Minor's rate) for any proceeds. If you withdraw funds, y...... |
| How early do taxes post to your account? |
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the 19th was a Federal Holiday, no bank employees worked on the 19th. It should show sometime today...... |
| Do children pay taxes on their savings accounts at a bank location? |
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It will depend on the amount of interest in a year. In most cases, no.on the interest...... |
| I filed my income taxes electronically and my account hasn't been debited for the amount I owe. When will it? |
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Depending on when you filed, it may take the IRS a few days to a few weeks to process your return. Even though you filed electronically, th...... |
| Do I need to file a tax return if I sold some of my old stuffs on ebay this year by using my seller account? |
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Is this your only source of income? If it is, then you don't need to file, but you could if you wanted to. You wouldn't owe any ta...... |
| How are bank CD accounts taxed? Am I taxed when they mature or each year like a savings account? |
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Previous answer is incorrect. I assume you are not asking about a Roth (tax free) CD. For all others you will receive a 1099 for CD inter...... |
| Are bank accounts taxed? if i don't have a lot of money, is it worth it to have money in the bank? |
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Accounts are not taxed. INTEREST the bank pays you MAY qualify for taxation. Even if it does you still come out ahead. Yes, you should pu...... |
| Question about Health Savings Account Taxes? |
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Unless the bed is a hospital bed, then no household furnishing are not deductible on the Federal Tax return for Medical expenses, or basical...... |
| Upon retirement, are withdrawals from an ira account taxed as ordinary income? |
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a traditional ira will be taxed when you withdraw after 59 years of age. A roth ira will not be taxed as ordinary income as someone stated b...... |
| Will cd's or money market accounts affect taxes? |
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Yes, unless in an IRA, the interest earned is taxable each year, the notification for which is sent to each recipient via 1099INT form by th...... |
| Take taxes from checking account? |
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Sounds phony to me. They would need to have won a lawsuit against her, and even they, the CC company wouldn't be able to touch a checki...... |
| Live in NJ and work in NY. I'm trying to figure out if my earned interest on savings account is taxed in NY? |
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My online savings account is located in New York, but I live in NJ. So I only pay NJ income tax on it. If my bank was located out of the cou...... |
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