Related Tax Questions
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
Will the IRS tax you if your car was repossessed?
When the IRS has a tax lien against you, they are legally able to seize any possession you have that has the lien issued upon...... 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
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
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
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
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
What is taxation and why does it happen?
Taxation is the basis for how the government is able to operate the country in which they are appointed to do so. It is what pays for...... Read More
Why don't Puerto Ricans pay United States Federal Income taxes?
Puerto Rico is an island in the Caribbean that is occupied by the United States, even though much of its culture is a representation of...... Read More
Where must all tax bills start Why?
When the U.S. Constitution was written and put into effect in 1789, it became the supreme law of the land. In Article I of the Constitution...... 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