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Related Tax Questions
When is the last day you can send in federal income tax forms?
Although there is no official time for when you can actually start to file your tax return to the IRS, there is a strict deadline for when they need to be filed, and that day is...... 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
Are taxes more with making less money or more money?
When you make a form of income throughout the year, you are subjected to pay taxes every year before the April 15th deadline. You are...... Read More
How many months does the average worker need to work just to pay his annual tax bill?
The average American household brings in an average of approximately $50,000 of income every single year, with a +/- of $2,500. And every year...... Read More
If your car gets repossessed and you choose not to pay for it can they take your tax return?
For most states, no your tax refund cannot be taken away and used as payment of your repossessed car if you decide not to pay for it; however, the lender can...... Read More
Can I receive a tax refund greater than what I paid in?
A tax refund is treated like a payment of tax you made during the year. You get the credit, even if you do not owe tax.... Read More
Why did my car get repossessed?
Repossessions can be tricky. Typically a repossession means an agent that is hired by a bank, debt collecting agency, and/or...... Read More
What did the 16th amendment do?
There are a lot of amendments that are historically significant. Amendments that include the right to free speech, double...... 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 the mother and father have to alternate claiming the child each year on their tax returns if they
When a married couple who have a child/children split up and file for divorce, the way taxes are done can be a tad tricky. After the divorce, depending...... Read More
What benefits are there towards having a dependent(s)?
You are required by law to file your tax return every year before the April 15th deadline. For most people, you must file a correct number of...... Read More
How do you file your taxes after filing for Chapter 7 Bankruptcy?
When you file for Chapter 7 Bankruptcy it is not the end of the world, by any means. A Chapter 7 Bankruptcy happens when a person is... ... Read More