can you file income tax based on social security income vs expenses?

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Last Answer : A percentage of audited net income

Description : does Mississippi Tax Social Security Income?

Last Answer : does Mississippi Tax Social Security Income

Description : What is the Social Security tax rate for 2011 on self-employment income?

Last Answer : The tax rate for Social security for 2011 will vary depending on what money you made. You will pay 10.4% on an income of $106,800. It may vary more depending on how much or little you made.

Description : 1. The largest source of tax revenue for the federal government is: a. the personal income tax b. the social security tax c. the property tax d. the sales tax

Last Answer : a. the personal income tax

Description : Can my business expenses be written off against my wife's income since we file jointly?

Last Answer : answer:I am not strictly a tax practitioner or expert and this is sketchy advice, however, your business income and expenses go on the schedule C and pass through to the 1040 form, it ... is not intended as legal advice and you should consult a qualified tax practitioner for a definitive answer.

Description : Depreciation of machines fails under the indirect expenses head. As per income tax regulations, it is calculated by the __________ method. (A) Diminishing balance (B) Sinking fund (C) Multiple straight line (D) Sum of the years digit

Last Answer : (A) Diminishing balance

Description : On this U.S. Tax Day, what are your thoughts about our current income tax system vs replacing it with a simplified flat sales tax across the board?

Last Answer : answer:Poor people would end up paying significantly higher percentage of their income to tax. The people who can least afford it would be penalized even further.

Description : Are illegal immigrants required to file an income tax return?

Last Answer : Illegal immigrants don't file. Remember they are hiding from the government. But, some do pay taxes. If they are using an illegal social security number they are paying in, their employers are ... them as though they are citizens. But, the majority of illegal aliens are working under the table.

Description : Do you need to file your income tax to receive the rebate?

Last Answer : answer:I believe that is one of the requirements, that you have to file taxes. I found the IRS's website on the rebates here Quote Millions of retirees, disabled veterans and low-wage workers who ... exempt from filing a tax return must do so this year in order to receive a stimulus payment.

Last Answer : : Any income tax office or www.nbr.gov.bd should collect the return form from this web site and fill it by the taxpayer. If you are a new taxpayer, you need to attach one copy of ... of Taxes or any officer authorized by him after submission of return is considered as a tax assessment order.

Last Answer : In case of taxpayers of all classes except company, income tax returns have to be filed within the period of 3 months from 1st July to 30th September every year. If it is not ... is possible to file returns under the general or universal self-determination procedure within the extended period.

Last Answer : : Income tax circle is specified for filing returns of each category of taxpayer. For example , all the civil government functionaries / employees and pensionable officers / employees who are located ... filing income tax returns from the nearest Income Tax Office or Tax Advice Center if required.

Description : what form do I use for file state income tax for single ?

Last Answer : what short form do I use for filing state income tax for filing single

Description : I'm retired, do I have to file an income tax return?

Last Answer : If you are retired and are drawing Social Security, as long as you draw less than 50,000$ a year you do not need to file a tax return.

Description : Where can you file a state income tax return for Vermont for free electronically?

Last Answer : Some states do not allow you to file taxes online. However, you can find out about Vermont's tax returns at the following website: http://www.state.vt.us/tax/forms.shtml.

Description : Which online income tax course would better prepare me to file this year's income tax return?

Last Answer : Turbo tax offers good online income tax course would better prepare you to file this year's income tax return. Just go to turbotax.com

Description : Am I required to file federal income tax forms?

Last Answer : Most but not all people need to file federal income tax forms. If you do not meet the minimum income requirement, then you do not have to file for federal income tax.

Description : How can I file a free state income tax return?

Last Answer : If you go to your local IRS office, they should have the proper papers for you to fill out for your federal, and your state tax returns. You will have to do them yourself to get it for free.

Description : How to file e-file income tax?

Last Answer : You can fill income tax return online easily if you have known the procedure and you also remember that if you have not filed within the due date you need to be paid a penalty. IT Return Filling is now a very easy process. Discussion is going on with Online Legal India platform.

Description : How to File Income Tax Online to Save Money?

Last Answer : When you are trying to find ways to save a little money this year, you may want to consider your option to file income tax returns online. Generally, it is very unlikely to find better prices on ... even allow you to file income tax returns online for free no matter how you get to their website.

Description : Which of following is not Current Asset? A. Patent B. Bills receivable C. Cashable security D. Prepaid Expenses

Last Answer : A. Patent

Description : Can i file for over payments for social security or ssi?

Last Answer : What is the answer ?

Description : How long before I turn 62 should I file a Social Security Application?

Last Answer : You can't file until you actually turn 62. about three to four months before you reach 62.

Description : Can I file a social security card application online?

Last Answer : You can find the application for a social security card online, but you cannot submit it online. if you go to the social security website, you can find the application in pdf format and the address of where to send the form to.

Description : I was just lay off, not reason was given. It was a parttime job. I do receive social security. If I file for unemployment, what will happen to my social security?

Last Answer : In most states, California included, you can receive unemployment benefits while still receiving your full Social Security benefits.

Description : Do I pay tax on Social Security in Virginia?

Last Answer : Need Answer

Description : Will Republicans use funds from social security to fund the tax cut?

Last Answer : Probably not from the fund because it is a trust and politcallysensitive, but they will divert payroll taxes intended for thefund; for social security to the general fund instead.

Description : I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Last Answer : For medical bills, you can make small payments to the hospital every month and as long as you’re paying off the loan, they can’t write it off as un upaid bill. So pay them $15 a month and use the extra $ to pay off your credit cards.

Description : Do people choose the "social section" vs the "general section" based mostly on their personality?

Last Answer : It is a forced divide that previously did not exist. The silly or fantastic occurred spontaneously in the general section such as this and this. One has even occurred very recently, this one. Indeed, there was no social section, just general and meta.

Description : Can you get a tax write-off for moving expenses incurred for moving to a new state because of a new job opportunity that you took?

Last Answer : It’s a work expense so I wouldn’t see why not. Document everything and save all your receipts.

Description : Are election expenses tax deductible in US?

Last Answer : According to the IRS, any type of elections donation or contribution is not tax deductible. This includes contributing to a Political candidate, a campaign fund or even a newsletter. In your case, this ... If you decide to attend a political dinner, you can't deduct this from your taxes either.

Description : Are your expenses tax deductible when you work at home?

Last Answer : If you are an employee and itemize your deductions, you can deduct unreimbursed employee expenses subject to a number of limits. If you are a contractor or sole proprietor, you can take them off of ... that expenses for your home office are complicated and can be an audit trigger, so contact a CPA.

Description : Tax on profit is charged on: a) Gross Receipts b) Gross Receipts less disallowed expenses c) Gross Receipts less allowed expenses d) All of the above

Last Answer : c) Gross Receipts less allowed expenses

Description : Cash from operations is equal to------------------ a) net profit afer tax b) net profit plus increase in current asset c) net profit plus decrease in current liabilities d) net profit plus non-cash expenses plus decrease in current

Last Answer : d) net profit plus non-cash expenses plus decrease in current

Description : is it public information whether someone gets social security income?

Last Answer : Need Answer

Description : How much taxes is paid on 16368 on social security income?

Last Answer : My aunt had 23,114 dollars of retirement and 16,368 dollars ofsocial security income.Her social security. Is taxable.How muchwould she have to pay in social security,dollar-wise?

Description : income limit with social security?

Last Answer : "income limit with social security?

Description : Can I get a payday advance if I am disabled and my sole source of income is Social Security Disability?

Last Answer : “Can I get a payday advance if I am disabled and my sole source of income is Social Security Disability?”

Description : I get Social Security Income -Am I still eligible to get unemployment insurance?

Last Answer : You may be able to draw unemployment while recieving SSI, but there is a good possibility that drawing unemployment will take your SSI away.

Description : Can you work while receiving social security disability If so, what is the maximum amount income allowed?

Last Answer : While receiving social security disability benefits, the maximum amount of additional monthly income allowed from working is $900 a month gross.

Description : I'm 76 years old with only social security as income. Is there any breaks and/or assistance on my property taxes If so, how do I go about receiving it Thanks for any info.?

Last Answer : I am not sure where you are located, but here in Florida we have a "Homestead Exemption" where you can reduce your property's appraisal by $25,000.00 thus saving on your property taxes ... this application reviewed however in extreame cases the application may turned in within the 30 day time frame.

Description : Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Last Answer : (4) Employee's contribution to social security Explanation: A transfer payment is a oneway payment of money for which no money, good, or service is received in exchange. Governments ... payments include welfare (financial aid), social security, and government making subsidies for certain businesses

Description : Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security 

Last Answer : Employee's contribution to social security 

Description : Does anyone think this chart by xkcd should be in schools to help students understand money, taxes, expenses, income and other economic issues?

Last Answer : answer:Could you post a link to the chart? I think such a chart could be an excellent teaching tool. OTOH, such a chart has quite a potential to be abused as a political tool to skew the ... impartial teaching tool or a way to push the whole evil capitalist world view without actually seeing it.

Description : What moral principle is observed when one person is forced to give up a portion of their income to pay for someone else's expenses.

Last Answer : Why do I feel like the question has nothing to do with the details or that the details is what you really want to talk about and not in an open-minded way? Shouldn't you be flexible when you ... one with a weak infrastructure) to help you make it through until you either regain your health or job.

Description : What is the breakdown of expenses for low-income families?

Last Answer : There is no single answer to this obviously. Here is a report with several data points. Start with Figure 2.

Description : Is Visa Business Halal ? I live abroad. I arrange for people from Bangladesh to get a visa to Germany , there is no fee from them , but will my income be halal? I will gain very little after all the expenses. I will be very helpful if you answer the question. Thanks.

Last Answer : Halal earning is an important issue for the believer as he has to be accountable for the source of earning on the Day of Resurrection. (Sunan al-Tirmidhi , Hadith No. 2417) And Islam has made all ... Prophet (peace and blessings of Allaah be upon him ) said : (Sunan Tirmidhi , Hadith No. 1209)

Description : If unnecessary expenses have been removed from your budget what can you do if your expenses still exceed your income?

Last Answer : Work overtime or get another job.

Description : is there federal aid for low income people for funeral and burial expenses?

Last Answer : is ther federal aid for low income people to pay for funeral and burial expenses?

Description : our delivery vehicle was a total loss after a commercial vehicle driver hit our car while parked. we had lost income and expenses ?

Last Answer : You will file a claim through your insurance for the loss of the vehicle as well as lost income, etc. You must be able to prove the lost income and related expenses. Your insurance company will ... can get back to business, then it will file against the insurance carrier of the at-fault driver.