Related Tax Questions
Are bank overdraft fees tax deductible?
If you happen to write a check or swipe your debit card for an amount you currently do not have the funds for that will result in a bank overdraft...... Read More
What tax do wage earners pay to the federal government?
The tax that all wage earners are required to pay to the federal government is the federal income tax. This tax is required by law to...... Read More
How do you file state and federal taxes if you did not file last year?
We are subject to file our taxes at the federal and state level by the April 15th deadline every year. Failure to file and pay causes for...... Read More
Who collects state income taxes?
The way taxes work are that we pay them on the federal and the state level. Rates differ from state to state, but taxes generally work all the...... Read More
Do federal tax liens go away upon sale of the property to another owner?
Federal tax liens work in a way that when an owner of a property fails to pay their taxes, the government can establish a...... Read More
How long does it take to get your federal tax return back in the mail?
Unfortunately, it does take quite awhile for you to receive your federal tax returns back in the mail. Ideally, it roughly takes about...... Read More
What are payroll taxes?
When you are an employee of a company, you are expected to pay taxes of some sort to the federal and state governments. The taxes levied...... Read More
How much are taxes in the US?
Taxes are the basis of revenue generated by the federal and state governments of the country. With that said, in terms of how...... Read More
How do you calculate taxes?
Taxes work in many different ways, and come in many different forms. There are the federal and state income tax, property tax, estate...... Read More
What are the differences between federal taxes and state taxes?
When the United States was created it was founded with the sole purpose of true democracy, and giving the power to the...... Read More
Do you pay state and federal taxes on worker's compensation?
If you happen to be injured while on the job, you are legally eligible for worker's compensation. Worker's compensation is the...... Read More
What is the most important incentive of a taxation strategy?
There are many reasons why our government taxes us in so many ways. We have to pay income tax on the federal and state...... Read More