Related Tax Questions
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 does worker's comp pay out for an injury?
Injuries happen while you're on the job, most often with blue collar jobs that require manual labor in risky situations. When a worker...... Read More
If a third party makes payments on a student loan or donates money to help someone pay off his or he
It really depends on the income of the person donating his/her money to pay off the student loan debt. Since the money given isn't...... 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
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
How does filing your tax return as married affect your return?
When you are married, you are required to file a joint tax return that shows the annual income of both persons. Even if one of...... Read More
What is a tax preparer?
A lot of people don't need a tax preparer, as they are able to file and pay their taxes all by themselves, or they just don't...... Read More
If you had credit card debt in your name received 1099-C cancellation of debt must you list this inc
When you acquire credit card debt, you basically received your credit card bill at the end of the month and did not pay it in full. This...... 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
What are the tax implications when you convert a regular IRA to a Roth IRA?
Converting from a regular IRA to a Roth IRA is actually a very beneficial process in the long run. Sometimes, if you have an annual income that...... Read More
How can you buy a house if you owe child support?
When you are looking for a house, things can get pretty difficult. If you add the fact that you have child support bill needed to be paid, then that...... Read More