Taxes's questions - Chinese iziqna

Why is property taxes legal?

15 answers · United States · 3 days ago
Best answer: Been wondering that myself. I mean.. I own my car so why?

Best answer: For someone who gives millions of dollars to charity, yes. For a typical person whose only deductions are real estate tax, state income tax, and mortgage interest, probably not, but possibly yes. The only way to know for sure is to figure your your taxes both ways.

Best answer: If you have a state liability, you pay a state estimate as well. Generally if someone is required to make federal estimates, they are required to make state ones as well.

Self employment tax?

13 answers · United States · 4 days ago
Best answer: Where did you enter your HHA income? If they paid you with a W2, then there is no self employment tax and that's the way you should have been paid. If they issued you a 1099 or just paid you, then the amount you received goes on Schedule C or C-EZ and the program will calculate your self employment tax. It is... show more

Best answer: Form over substance. Employees and Employers have a business relationship. The IRS would view you as giving yourself a $10K bonus and disallow it. (You can't create income by lying about it.) Since he didn't give you the money, he can't include it on your W-2 and he can't deduct it from his income. show more

How can I keep my investment confidential?

6 answers · United States · 3 days ago
I am a 38 year old single guy. I have a couple of long term fixed deposits in bank which I never declare when they ask for investment declaration in office. I rather pay the tax. I live very simply but I need some money to fend for in my old age. To avoid office gossips, I prefer so but I do deserve tax exenption.... show more

I have about four and quit because I hated them.

Why is Ohio such a butt about their taxes?

7 answers · United States · 5 days ago
Best answer: Governments are notoriously inefficient.

It seems the state of Maryland is demanding $400 from me for not claiming tuition and fees on my state tax return for 2015. They are taking issue with the fact that I did claim my tuition and fees on my federal return for 2015, but not on my state return. I would have gladly claimed the same on my state return, but... show more