What is taxes: Definition and 117 Discussions

In honor of tax day, WHO ACTUALLY PAYS THE TAXES? In figures for tax year 2003, as released by the IRS in Fall of October, 2005, we see this pattern: The bottom 50% of wage earners pay 3.46% of the federal burden. The top 50% pay 96.54% of the federal tax burden. The top 50% of...

Do you pay estimated taxes? What are they and when are they essential? Thanks...

I am doing my taxes today. Well, my wonderful job change this past year is killing me in taxes. I will definely be changing my W-4 at work Monday. I am going to pay for the first time in 30 years. So I am making sure I am doing the PC part correctly. I am doing a schedule C and...

Im not sure if this is the right place for this but here goes. What is the max we can make before having to report taxes? I have already sent mine in, but my daughter baby sits and we now have to send in her taxes. Is there a link to the IRS I can go to look. I hate it for her, as of now she has...

OK...so I have googled this to death and thought I better ask someone who might know! My DH is a Marine and we are stationed in Virginia. Our state of residence is California but we are exempt from California taxes and DH would not pay Virginia taxes. So...do I pay Virginia taxes? Technically I...

I was just wondering what all I need to keep for tax purposes. I have been inactive, and am rejoining March 1 and want to keep track of things, unlike I did in the past. I keep track of all expenses? Even down to business cards etc. right? And also keep track of my income coming in. When I file...

I'm starting to wonder if it's really worth it for me. I started in Feb 06 and I hit $15,000 career sales in Dec, so I did OK for the year. BUT, we're military and we moved onto the base in July so no rent or utilities for my home office to deduct from July on. I have played around with Turbo...

When I am working on taxes and it asks for the cost or basis of my vehicle, do I enter what I originally paid for my car? So many questions.... I don't even own the car anymore...we traded it right after the first of year. So, what should I do???

I'm currently working on my taxes... Does anyone know where I would put the business expenses for like consultant gifts? Would it just be an office expense?

How do you describe you principal business type? Just say "direct sales" What Business Activity Code do you use? I have NO IDEA about that and there is SO MANY to choose from! I NEED HELP FROM YOU CHEFFERS! I think I can do everything else, notice I said think.

Would anybody with experience with doing their own taxes with Pampered Chef like to enlighten someone like me on the basics, dos and don'ts or basic tips. I made very little, kept track of my expenses. Will not pay for someone else to do them. What forms should I use? If I didn't make...

Personal purchases made under a customer's name - taxesAlso, how do you plan "prove" it without having a receipt or proof of payment? (since you pay the whole show with your debit card) TIA!

This is what I have used to do our taxes for years, but this is the first year with PC as a business. A friend has told me it walks through all the business stuff step by step. Does anyone else use this and know how good they explain business things? They transfer all information from year...

Here is another poll.

Hi there! I jut have a quick question regarding orders. What percentage should I put in for taxes? G.S.T., P.S.T, H.S.T? It's asking me for it on pampered partner and I don't know what to put. I live in Ontario if that helps. Thanks so much! Mariana

hello everyone, i am going to be doing two catalog shows one in Illinois and one in New Jersey but i need to know what the taxes are for the states so i can put that information into my hostess packets...thanks for your help

Good Morning, I am wondering are we suppose to be charging taxes on the s&h or just on the order. I have seen where there is a place to put it. If so how much is it suppose to be. If I haven't been doing this ooops what do I do know. Also are we required to have a business license for the towns...

Hi all, This was my first year for filing taxes for my PC business, as I started in March of last year and I was scrambling at the end and we got it filed.:) I just talked with my former PC consultant (who had someone do her taxes) but she remarked to me, well you did take off for your gas...

I save all of my receipts for anything that I can write-off next tax season. What about my kit enhancement products? Can they be written off because we use them at shows, or are they considered for our personal use?

I have seen several great looking flyers for the HWC products but none of them include taxes. Do we collect normal taxes on these products? :rolleyes:

This is my first time doing taxes with PC. I am using Turbo Tax Premier and was wondering under which business expense category do you put all of your products you use at your show (SS earned, personal orders, kit enhancement, etc). Thanks!

Just wondering if there is a way to claim your utilities on your taxes if you use your office for other things like school? Turbo Tax says that you can only claim it if you use your office exclisivly for your business,

I had my taxes done last night and they (h&r block) said I couldn't enter my mileage unless I "declare" my car and ONLY use it for business - but it would also decrease its value. I do have a PC sticker on my back window and to get to shows, but I'm also a mom - which means I use it for...

For those of you who file your own taxes I wanted to let you know about the website I use. It's called taxslayer.com and it's free for military and only $9.95 for anyone. That is for state and federal filing. It's really easy and a lot like turbo tax where it asks you questions. Just...

My hubby and I are just getting ready to start our taxes and I was wondering if we get anything from PC, like a T5 or anything? I just started in August of 2005 so I don't know :rolleyes:

Just thought I would throw this question out there? I'm thinking of starting into PC. What should I know about taxes? Does PC take taxes out of commission? How does that work? How would I find out what expenses you could claim on your taxes? Any information would be helpful. :)

Hi everyone! I'm considering becoming a PC Consultant but I came across an interesting question: How do I report my earnings to the IRS at tax time? Does PC give consultants any kind of tax paperwork to file? Perhaps something similar to the W-2's you would receive from your 'normal' 9-5 job? Or...