pay back 1. To pay or return (what is owed as a debt). 2. To repay (a person who is owed a debt). 3. To give recompense to; reward: How can we ever pay you back for what you've done for us? 4. To reciprocate; return: pay back a kindness. 5. To retaliate against or ...
2. (postpositive) owed as a debt, irrespective of any date for payment 3. requisite; fitting; proper 4. (prenominal) adequate or sufficient; enough 5. (postpositive) expected or appointed to be present or arrive: the train is now due. 6. due to attributable to or caused by n 7. ...
The way I see it, what this does conceptually is to calculate your previous year's taxes as if the amount of state taxes you paid exactly equaled the amount of money you owed your state. After doing the recalculation turbotax asks whether the amount of federal taxes you owe ...
Flair Airlines says it is current with its plan to repay more than C$67 million ($50 million) owed to the Canada Revenue Agency (CRA), an amount its CEO confirms originated from taxes and duties around aircraft imports. "We've brought in nearly 20 aircraft over the years," CEO Stephen...
I had worked as both a W-2 employee and self-employed for a long time. I just had my employer withhold extra to cover the taxes owed on my self-employment income. I know how much I need to withhold based on my total tax last year. I then requested my employer to withhold extra fr...
While the IRS will accept credit card payments for taxes owed, the actual payment is often made to one of several ‘third-party service providers’ contracted by the IRS. These service providers charge a fee, sometimes up to 2.50 percent for processing the transaction. ...
The deadline for submitting your tax return and the deadline for paying your taxes are usually the same day, which is January 31st in the UK. It's possible that you may have missed the deadline and may have to pay a penalty It won’t be because of that it takes up to 72 hours ...
For those who are self-employed, it is important to note that even if you don’t owe taxes to Cambodia, your income must be reported on your US tax return. This may result in taxes being owed to the US. Self-employment tax, for example, is assessed based on your gross income before...
Back taxes refer to taxes owed from a prior year. A taxpayer may be behind in paying taxes for intentional or unintentional reasons. Some of these reasons include—filing a return and failing to pay the tax liability; failing to report all income earned during the tax year, and; neglecting ...
If you convert a traditional IRA to a Roth IRA, you'll pay the taxes owed on the balance in the year that you make the conversion. It won't be taxed again when you withdraw it properly. Some people (mostly high earners) have pre-tax and post-tax money in their retirement accounts....