Does a tax preparer ask us to pay tax money there right on spot? or do we get to go home and mail in the money?
-
I have never paid taxes in my life...So I am really worried and need help. Please please answer this question. I made $18000 in an online home business last year. But I used the money. I needed it. Now that company says that it is going to send me a 1099. I will go to the H& R Block...is that the right thing to do?....and how much does a tax preparer at H & R block charge? and will he tell me the amount I have to pay in taxes ? I mean will I have to deposit the amount right there itself ? or will I get some time to go home and collect the money and mail the money to him ? How do people pay? And what form of payment do people usually pay? cash or credit? ....Since I used up the money it will take me some time to earn more money so that I can pay in taxes ...as I dont have much now. Does he ask me to deposit the tax money right then and there at the spot or will I get some time to go home and collect the money and send it to him later? Please answer...Please...I am worried and have no clue about taxes. I dont have a job and never had a job. I live in New York.
-
Answer:
You had a job. You are considered as self employed so you have to pay self-employment tax (about 13%) in addition to income taxes for both federal and New York. Did I read your information right? You are only filing a tax return because the company is sending you a 1099? Another tax cheat thwarted! You may file the return electronically, but mail a voucher on April 17th. The cheapest way to pay is via check. There is a fee is you use a credit card. You will likely be charged more if you don't have your tax information in order. You should gather everything together. (1099s, receipts for charitable contributions, state and local taxes paid, and information regarding any expenses you paid for your home business.) Identify everything so that the tax preparer can figure out if something is relevant and a true tax deduction. The expenses for your business may include postage, the cost of whatever you used to make a product, etc. I hope this helps. Gary
garyg7 at Yahoo! Answers Visit the source
Other answers
Not sure about US, but in Australia you submit it for assessment then you get a notice when it's been assessed and they give a due date for payment. I assume it may be a similar thing where you are - they can't expect people to have the cash on the spot when you don't even know how much it might end up being... We also have the option of a payment plan if necessary. You should definitely hold aside money for taxes as you earn it in future.
dakky
Related Q & A:
- Does anyone know how to get a full scholarship to US college?Best solution by scholarships.com
- Where can I get a copy of my last year's tax form?Best solution by Yahoo! Answers
- Is it true that California won't get a tax return?
- How can I get a visa from the US to travel to Kenya?Best solution by Yahoo! Answers
- How can I get a scholarship in the US or Canada?Best solution by educationau-incanada.ca
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.