How does taxes work?

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How do people feel about this?Illegal work force can generate taxes but also has costs?

Illegal work force can generate taxes but also has costs Opponents: Cheap labor is no bargain http://www.telegram.com/article/20090705… By Paula J. Owen CORRESPONDENT LEOMINSTER — It seems incongruous to some that immigrants living illegally...

Answer:

Of course there are increased costs. In the first place not every illegal applies for and uses and ITIN...

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Taxes, taxes, taxes - how do they work?

I've submitted taxes a few times in the past, but the forms were filled out by a surpassingly generous and competent friend with a lot of free time. This year for the first time I have to do everything myself. Please explain the process to me as if I...

Answer:

You should probably get a copy of TurboTax or similar.

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How do my taxes work, now that I have a side business in addition to my fulltime job?

So, I need an accountant obviously, which I'm working on, but haven't found one yet. I'll explain my situation. Sorry if I've included irrelevant information, but just want to be clear. I work full-time as a designer at a big company. Let's call it Agency...

Answer:

An LLC with more than one owner is treated as a partnership, unless the LLC chooses to be taxed as a...

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How do taxes work for a u.s. citizen outside of the u.s.?

Hi there, Let's say I have absolutely no knowledge of how taxation even works. I am not sure who to talk to, to understand what I would owe. Now, I am turning 18, and plan to leave the U.S. and live in another country while still maintaining U.S. citizenship...

Answer:

If you live and work outside the US for 330 days out of a calendar year (365 days) you will not be taxed...

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How do state income taxes work when you work in a different state?

My husband and I just switched our legal residency to a state with no income tax (South Dakota). This is very common amongst full-time RVers because SD recognizes a full time travel status. However, we're neither working nor living in South Dakota, so...

Answer:

This question is why people go to school to learn tax accounting and charge money to advise people like...

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How Do Taxes Work..............?

In layman's terms, what does it mean to file taxes, and do all jobs give taxes back? If so, how does that work? My mother gets almost 2,000 dollars back in taxes, and I never really understood the process. How long would I have to work at a job to get...

Answer:

Everyone automatically has income taxes (along with Social Security and Medicare taxes) withheld from...

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Business Taxes--How do they work in smaller towns?

I am self-employed in Philadelphia and will soon be moving to small-town Michigan. I grok the business taxes here. I can't figure out the taxes there. Specifics inside. Right now I live in Philadelphia and am self-employed as an editor. I work from my...

Answer:

A lot of places just rely on property tax and/or sales tax revenues. In my experience, the sort of business...

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misanthropicsarah at Ask.Metafilter.Com Mark as irrelevant Undo

How do taxes work?

I've never had a job. I've heard that your taxes are taken out of your paycheck before you are paid. Then I know that people do their taxes once a year. But why do you taxes when taxes are taken out of your paycheck? I still don't understand how taxes...

Answer:

The tax taken out of your paycheck is an estimate of what you'll owe on the amount you earned, and might...

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Will leave my company and work abroad, how much of 401K taxes can I get back when I do the Tax Return in 2012?

Hi, I am leaving my company at the end of the first quarter to work abroad for at least 3 years. My gross income by the time I leave my company will be $18K. I live in NC, I am married, we are filing jointly, my wife does not work, and we have a kid...

Answer:

Get IRS pub 54 and read it. You do NOT understand how the foreign earned income exclusion works at all...

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I work from home part time, how can i save money on my taxes?

I normally pay my taxes on my own over the internet for free. I work from home and make $8,000 a year doing a part time job over the internet. This is in addition to my regular full time job. I pay taxes on this money but am wondering if I can save money...

Answer:

In order to write off some home expenses you need a space that is dedicated exclusively to work even...

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