Why don't major corporations pay taxes?
Answers: Sure we do.
We just have more options than individuals for reducing our taxes.
Are you refering to shareholder corporations? The individual shareholder pays the tax. Most C-corp corporations file & pay taxes or they would not be operating. Many corporations have their tax returns available on line. Every corporation listed on Wall Street has to file a copy of their tax return o they will be delisted. Some corporations are LLC (limited liability corporation). And just as the name implies limited liability. You may want to do a little research before making an uninformed statement that all corporations don't pay taxes.
What State do I directory?
I lived in KY up until the middle of November 2007, when I moved to Ohio, which happen to be where I work (and where on earth I worked while living in Kentucky). Should I profile for just KY or both KY and OH? When I file for both I owed almost $800 to Ohio and nothing to KY. Will the IRS really come after me for a month and a partly of OH taxes that I don't file for but salaried?Answers: You should really file both.. but database a Schedule NR (Non-resident or partial year resident) to Ohio and that should reduce the amount of due you will owe... but if you only worked contained by Ohio and not KY.. then it won't build any difference in what you owe.. you will still eventually enjoy to pay the piper though.. better to do it in need being penalize for late file and also paying interest. Best Wishes!
Both, with the appropriate " Part- year resident" status.
The IRS single chases you for Federal taxes . . . OH will chase you for their state taxes if you owe.
The IRS won't come after you for state taxes. You file your federal taxes near the IRS, and your state taxes according to the laws of respectively state. You'll probably have to consult a levy accountant in respectively state.
F1 student become resident. Help near TAXES?
I'm really confused and hope that there's a tax expert out in attendance. I became a US irreversible resident in March 2007, while individual enrolled contained by my last semester surrounded by college.Now I'm getting ready to folder for taxes (will claim resident status). However, in college I received scholarship that exceeded my tuition and will get form 1042-S for 2007. Since 1042-S is issued for a non-residents will I hold to pay any tariff for the amount shown on my 1042-S now that I will be file as a resident?
Answers: Yes, the amount of the scholarship that exceeded to tuition is taxable to you--no concern how you file. It's counted as wages. The certainty that it was reported to you on a 1042-S instead of a 1098-T is minor.
Are you married? If yes, you can file a resident return mutually with your spouse.
If you are single and within your first 5 years of the F-1, then you are a dual status alien, not a resident alien for the entire year. The difference between the two returns is that on the dual status return, you do not get hold of the standard deduction (unelss you are from India.)
There is a token of the dual status return in publication 519.
yeah.. your packet will probably change.
but you can still grasp about matching amount as a resident or a citizen or something.