Does anyone know the adress to mail your federal and state taxes to? for the state of california?
Answers: Federal taxes:
IRS Service Center
Fresno, CA 93888
California taxes:
It is in Sacramento (and I'm too lazy to go to the California Franchise Tax Board website to look it up). If you look at page 2 of your California tax return form, it will tell you the address where you need to send the return to. Also, there are two separate addresses, one if you owe tax, the other if they owe you a refund.
TAX Question- Filed Injured Spouse, Still own question?
I am a stay at home mom. My husband makes close to $35,000 a year. We file our taxes at H and R Block On Saturday, the IRS denied it because of My defaulted student loans. I product no money so they told us to file the Injured spouse form. So we did. I produce no money, all of the income is his. Here are my question1.) How long is it really going to take to receive my refund support?
2.) H and R Block said that since we were going through them it would speed things up, how is that so, and will it really assist?
3.) What is the likely hood we wont win our money?
Thank you!
Answers: 1. It could take up to 8-12 weeks
2. It would not speed things up. The IRS would look for any counter once that form is filed.
3. If you used the injured spouse form and you have no income or taxes withheld your you should receive a refund
1) Don't lose sleep waiting for it. From the IRS:
>>>Generally, if you folder Form 8379 with a reciprocated return on paper,
the time needed to process it is almost 14 weeks (11 weeks if
filed electronically). If you folder Form 8379 by itself after a joint
return have been processed, the time needed is roughly 8 weeks.<<<
2) Maybe. Definitely faster than you trying to do it by hand.
3) ?? (You probably won't attain ALL of the refund. Even though you do didn't own any income, the IRS will still allocate some of the refund to you and requisition that portion.)
With the injured spouse form, the refund will whip a little longer, perchance a couple weeks extra, but since all of the return is due to his income and withholding, he should get adjectives of it.
H&R Block can't get your discount from the IRS any faster than anyone else. The only approach they could get you something faster is if they afford you one of their high payment high interest loans.
In canada, when receiving a bonus based on net income, can the bonus be taxed?
Answers: Can and will be taxed. It just become part of your employment income, and your tax rate is based on the total.
So if you get big bonuses ensure they are either taxed at source, or put enough aside to make sure you'll be covered.
EDIT after your additional details:
It makes no difference if the bonus is based on net or gross income. I must admit basing it on net is kind of odd. You presumably agreed to that bonus (pretty generous, by the way). If it had been based on gross income, the rate would have been lower. Your company is understandably looking at the bonus as a certain amount of money. When they did that, they would likely have figured out the total pool of money for all employees (on the bonus plan), and how much extra they were willing to pay, divided one into the other, and arrived at 15%. If they had done the same thing with gross income, they would have come out with a different figure, like 10%.
The only fairness issue here is whether you were properly made aware it was 15% of net, not 15% of gross.
Either way, it's taxable.
It becomes a part of total income. Taxable.
Everywhere.
Yep anything and everything related to your employment is taxed to death by the govt.
Bonuses are considered employment income and are taxable. See the first link.
unless specifically exempted by the ITA (Income tax act), all income and benefits gained from employment is taxable. In your case, the bonus will represent additional employment income, subject to tax to be withheld by the employer. In addition, CPP and EI may be withheld if you have not yet reached your maximum contribution for the year