Archive for the ‘United States’ Category

Why do some owe money and others get a refund for their taxes?

Monday, June 8th, 2009

poptarts asked: i file my taxes every year no matter how little i make but i still dont understand how doing your income taxes work. how come some of us owe money and others get a refund? if there's an amount in the federal withholding doesnt that mean you should ...

If you owe money to the IRS, will they take your stimulus money to be repaid?

Monday, March 30th, 2009

redsonia1960 asked: One of my co-workers said that the IRS told her daughter that they will be taking her stimulus money, due to the fact that she owes back taxes. I thought the money is ti stimulate they economy, not the government.Mike

How much money does the government take out of online contest prize money?

Wednesday, March 18th, 2009

WhiteWood asked: Yeah, so I'm a filmmaker who enteres ALOT of online film competitions for money. I hear ALOT of the time that the amount that they say you can win is never the amount you get because they take taxes out. But I have NO IDEA how much money ...

How much money can you make until you have to start paying taxes?

Tuesday, March 17th, 2009

kristina asked: I just started cleaning houses for some extra money. I make about $100 a week. Do I need to pay taxes on this money? Do you know how much money I can make with out having to pay taxes?Scott

Will tax incentive money go to ex-husband that owes back child support and his tax return is flagged?

Friday, March 13th, 2009

Roxy asked: My ex husband owes back child support and if/when he files his taxes and gets a refund the money comes to me and my girls...will they get his incentive money since he is thousands behind in child support? Is there a way to check on this and make ...

How to advance money to a start up for tax purposes?

Tuesday, February 3rd, 2009

kruzo asked: I am about to advance some money to a startup company (a Massachusetts LLC) to cover their startup costs. What do I need to do to make this money deductable on my personal income tax, particularly if that company ends up failing? How do I formally "give" this ...

Bringing money from another country to purchase a house here?

Friday, January 30th, 2009

so happy! asked: If a large amount of money like 40-50k is brought here from a foreign country, and some wants to use it to buy a house will they be taxes by IRS? I know there is a fee to transfer the money here, but should the IRS tax ...