Does an S corporation pay state taxes?S corporation:It is a type of for-profit corporation that elects to pass taxes through to the shareholders. The number of shareholders required to form this type of entity must not exceed 100 and offers liability protection to the owners....
Outstanding debts: If you owe money for past-due taxes, child support, or other governmental obligations, the IRS might use your refund to offset those debts. Next steps when facing delays If you're past the usual refund timeline, it's important to take action. Start with th...
From federal programs to local resources, here's where to get free help with your taxes. Kimberly LankfordandErica SandbergApril 3, 2025 How to Choose a Tax Professional Don’t make the mistake of trusting the wrong person with your tax return. ...
To begin with, small businesses are subject to state, local, and federal tax obligations. Depending on your location, you may only have to pay federal taxes, while in other locations, you will need to pay state, local, and federal taxes. ...
cigarette tax increase Does state want smokers to pay more taxes or quit?Leah Ward
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Washington — A last-minute deal was reached Saturday to avert a government shutdown. House Speaker Kevin McCarthy brokered a bipartisan short-term spending bill that passed both the House and Senate with mere hours to spare before the midnight deadline. The bill will fund the government ...
California, for example, has bumped its date for filing and payment of state taxes to June 15. ___ HOW WILL THIS HELP THE ECONOMY? It’s unclear. Treasury Secretary Steven Mnuchin estimates that taxpayers will be able to keep $300 billion in the economy for now. And some tax and...
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No, you generally don’t have to pay taxes on the money you receive from a cash-out refinance. The funds are considered a loan, not income, so they are not usually subject to income tax. Please consult with a tax professional for personalized advice. Are there fees for a cash-out refi...