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What is taxable in Texas?
For sales tax purposes, all tangible goods are taxable unless there is an applicable exemption, e.g. manufacturing equipment. A seller should assume the goods are taxable and charge tax unless an exemption certificate is accepted in good faith. In addition to tangible goods being taxable, Texas imposes sales/use tax on a host of services including information and data processing services, repair and remodeling to tangible personal property as well as real property, certain personal services, waste removal, amusement, telecommunications, etc. The rule of thumb is that tangible goods are taxable unless there is an exemption, whereas services are not taxable unless they have been specifically enumerated as taxable by the legislature.
If an employee steals from his employer can this amount be added to the employee's wages as taxable income?
This money cannot be added to the employee's wages as taxable income. This money is not theirs and should be reported to the police.
Is gift card from employer taxed?
Yes - Gift cards from employers are taxable income. They should be reported by the employer as wages and reported by the employee as income. There is an exception if the gift is de minimus, but the exception is genuinely difficult to meet.
Will cancelled credit card debt be reported on a credit report?
It should. * Yes, and the debtor will receive a 1099C from the creditor, the amount shown on the form is considered taxable income under IRS rules and must be reported on the debtor's tax return as such.
How do you use taxable in a sentence?
I don't know what taxable means."Certain essential items, like food, should not be taxable.""Does this bonus contribute to my taxable income?"
When is prize money taxable?
Prize money is typically taxable in the year it is received. It should be reported as "other income" on your tax return and may be subject to federal and state income taxes depending on the amount and your individual tax situation. Be sure to keep accurate records of any prizes or awards you receive.
What can be done if one is robbed of their inheritance?
Robberies should be reported to the police immediately.Robberies should be reported to the police immediately.Robberies should be reported to the police immediately.Robberies should be reported to the police immediately.
Is inherited mineral rights taxable and how?
Sure they are taxable income and taxed the same as other income on your 1040 income tax form. What information form is the mineral rights income reported to you on????? You should have some instructions on the back of one of the copies telling you how the amount should be reported on your 1040 income tax form. Go to the IRS gov website and use the search box for the form number 1099-?????? that you have and go through the pages until you find the instruction for that form number that you have in your hand.
How does tax exemption for synagogues work?
Synagogues qualify for the tax exemption applicable to religious organizations. A tax professional should be able to advise on the necessary paperwork needed to claim the exemption.
Why type of abuse should be reported?
Physical abuse should be reported.
Can a non custodial parent claim that he pays for half of his child's living expences even though he is eight months behind in child support?
No. He should be reported to the authorities.No. He should be reported to the authorities.No. He should be reported to the authorities.No. He should be reported to the authorities.
Do you have to file taxes if you were unemployed all year and don't have a W2?
Yes, if you received unemployment compensation from the state you would have some taxable income to be reported on your 1040 income tax form. You should have received a W-2G with the information regarding the taxable amount of your benefit. If you received government unemployment compensation, contact the agency for a copy of this form.
