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What happens if you claimed yourself and your parent claimed you as a dependent on taxes?
you will have to pay your own taxes not your parents.
What happens can't pay taxes?
don't worry man. gov might catch Ur properties. we have pay fin 30% of our amount .. first u pay taxes.. --------- Be Indian
How much taxes will an incorporated company pay?
The amount of taxes to be paid depends on how much the company makes and how many people it employs, among other things.
What kind of taxes do self employees have to pay?
People who are self-employed have to pay taxes on their income just like people who are employed by a company. They also have to pay a "self-employment tax" that basically makes up for the fact that they haven't been paying FICA taxes.
What taxes do you pay if you live and work in New York?
In the state of New York you would pay income tax and sales tax. If you own property you would pay real estate taxes to your town/city and county. If you buy gasoline for use in a car or other road vehicle you would pay gasoline tax. If you stay in a hotel you will pay hotel taxes. If you buy cigarettes or liquor you will pay separate taxes on those products. If you run a company, you will pay payroll and business taxes. If you buy or sell stocks or bonds you will pay taxes on those transactions.
Do government company pay taxes?
yes
What happens if you dont pay your taxes?
You go to jail
What happens if a person can not pay taxes on workers comp benefits?
Workers’ compensation benefits are generally exempt from federal and state income taxes. These benefits are designed to compensate employees for workplace injuries or illnesses, and the law protects them from taxation to ensure injured workers can focus on recovery. However, there is one exception: if a person is receiving both workers’ compensation and Social Security Disability Insurance (SSDI) (954-618-1776) or Supplemental Security Income (SSI), their workers’ comp benefits may reduce their Social Security payments. This is called an “offset.” In such cases, the portion of workers’ comp benefits considered as SSDI income may be subject to taxation, depending on the individual’s total income. If a person cannot pay taxes on this taxable portion, the consequences mirror those of unpaid taxes in general. The IRS may assess penalties and interest on the unpaid amount. Continued non-payment can lead to tax liens, garnished wages, or levies on bank accounts. It’s crucial for individuals in this situation to act proactively. They can contact the IRS to set up a payment plan, explore hardship options, or consult a tax professional for advice. For most, though, workers’ compensation benefits remain tax-free, making this a rare issue to face.
Do you need to pay taxes if your business is losing money?
Yes, even if your company is failing you still need to pay taxes. Unfortunately, everyone is required to pay taxes despite debt.
IF you work in Mexico do you have to pay Mexico taxes if the company that pays you is registered in the US?
Yes, any activity you are doing in Mexico that makes money, you have to pay taxes, no matter what your company is registered in other company.
What happens if you claimed yourself and your parent claimed you as a dependent on taxes?
you will have to pay your own taxes not your parents.
What are llc taxes and what do they have to do with business?
LLC taxes are taxes packages that apply to limited liability companies. These taxes are separate from taxes that a regular company would pay and some companies who pay these taxes are sometimes exempted from other taxes.
What to do when an insurance company doesnt pay amount of damages?
sue
What it payroll company does not pay payroll taxes?
Has this happened, or are you just curious? By law the payroll service has to pay the taxes to the government, that are with held.
What happens if you can't pay your taxes in one year?
next year, you'll get an extra weeks worth of taxes.
What happens can't pay taxes?
don't worry man. gov might catch Ur properties. we have pay fin 30% of our amount .. first u pay taxes.. --------- Be Indian
Do I have to pay my property taxes to my mortgage company or can I pay them directly to the tax office. I have a conventional loan.?
Most mortgage companies will want you to escrow your taxes with them. Some, however, may be willing to let you pay them directly. It really depends on the company you are dealing with.
