Archive for the 'Taxes' Category

What kind of taxes are used to construct a new school?

If a new elementary, junior high or high school needs to be built where would the taxes come from? Local bonds or levies, the county, the state or from the federal level?
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How do taxes on lottery winning work?

I know that when you win a large sum of money in the lottery you have to pay a large amount of taxes, sometimes it can add up to 40% of your winnings. But after paying these taxes, you put the rest of your money in the bank, do you ever have to pay [...]

How do my property taxes get paid with my mortgage?

I recently got a tax bill from my county treasurer for my property taxes. I know that a part of each mortgage payment is earmarked for taxes. Does the bank hold this in escrow and then pay for me, or is this an additional tax on top of what I’m already [...]

How long does it take to get a refund on the taxes?

When is the taxes due?How long does it take to get refund on the taxes (there is any to get back in refund)?I have about 3-4 W2’s to do in taxes,how long/expected time will I need to estimate with the tax person to do them for me?THX. Thx for answers!How much time per W2’s do [...]

How does an independent contractor handle taxes?

My husband a trucker and considerd and independent contractor. They do NOT take taxes and the like out of his paychecks. How do we go about paying the tax? We were told we needed to file paperwork every 3 months and that we should be holding x amount back, but what paperwork we [...]

How are taxes done when you are a nanny?

I am going to be switching from being a pharmacy clerk to being a nanny, which will be about $2400 a month. How are taxes cut? What if they pay me cash? How do I report it? Do I need to demand checks and copy them? How do I request a tax form? What [...]

Will owing back taxes prevent my stimulus check from being direct deposited?

Also, will owing back taxes delay the receipt of my stimulus check?
I only owe $85. 00 from my 2007 return, so even with interest and penalties I should be receiving a check.

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How much taxes do you have to pay if you won million dollar sweepstakes?

This is only hypothetical question but I was curious as to how much you have to pay taxes if you won $1 million from sweepstakes?
If it is, let say 40% of winning goes to taxes then can I donate of that percentage to charity and don’t pay taxes?

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How would a person pay back taxes?

My buddy worked for a company for 4 years. He didn’t pay taxes for all 4 years and made $40000 every year. The company he worked for messed up his w2 and never took it off exempt after many attempts of trying to change it (have no way to prove this). So [...]

How much are taxes and tariffs, when importing a $3000 car to California?

I have a little old junker im shipping, and I have gotten a price for shipping to the port, but they can tell me what other fees or taxes, tariffs are involved. Can someone please help me, to get an idea on price, or perhaps a link to a gov site, where they [...]