Related Tax Questions
If you purchase a used car from an out-of-state, private party do you have to pay sales tax twice?
Sales tax upon the purchase of an item that is as big as a car can be a bit tricky, sometimes. In this particular case when you...... Read More
Can you still file taxes even though your employer didnt pay them but still took them out of your pa
When you are an employee of a company who makes a wage that would provide a yearly salary of over $10,000, then you are...... 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
What happens if you dont pay your taxes?
If you fail to pay your taxes, or even fail to file them altogether, the consequences could be dire. First and foremost, you receive...... Read More
On a repossion can the IRS collect for the bank?
Say for example you buy a car on credit from a dealership. On paper, the bank paid for your car so that makes you a debtor and the bank a...... Read More
Is the federal income tax a progressive tax or a regressive tax?
A progressive tax is when the government imposes a tax code that allows them to charge higher taxes to those who have a lot of income, while charging a lower rate to those with a lower income. A regressive tax is when the complete opposite happens. The go... Read More
What percentage of tax do you pay on an 800000 dollar inheritance?
An inheritance is when someone dies or gives up their assets and gives them to another person of their choosing. It is usually...... 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
If you buy 2 pairs of shoes for $50.00 each and the sales tax is 0.08%, what change will I get back
When you go to the store you should always expect to pay a sales tax on whichever transaction takes place. In the instance in...... Read More
What states do not charge sales tax?
When you live in 45 of the 50 states of the United States, you should expect to pay some sort of sales tax upon every transaction you make, whether...... Read More
Do I pay sales tax on a home purchase?
When you purchase a good of any kind, it is subject to a sales tax administered by the state/local governments. When it comes to purchasing...... Read More
Can the IRS seize a beneficiary's death benefit for tax arrearages owed by the deceased?
The IRS has a lot of power, allowing them control of anything tax related. There are only 3 instances in which the IRS can seize...... Read More