Welcome Guest! To enable all features please Login. New Registrations are disabled.

Notification

Icon
Error

Paying IRS
vivi1
#1 Posted : Friday, August 31, 2007 6:40:46 PM(UTC)
vivi1

Rank: Advanced Member

Joined: 3/12/2007(UTC)
Posts: 140

When winning a big dollar item or items does the IRS have to be paid up front or can they be paid in April like income?
chickenman
#2 Posted : Friday, August 31, 2007 10:01:45 PM(UTC)
chickenman

Rank: Advanced Member

Joined: 8/30/2006(UTC)
Posts: 399
Location: Rhode Island

It's income in the year you win, so the following April is when the taxes come due.

 

CM [8o|]

vivi1
#3 Posted : Saturday, September 1, 2007 7:34:43 AM(UTC)
vivi1

Rank: Advanced Member

Joined: 3/12/2007(UTC)
Posts: 140

Thanks for your reply chickenman.

Vivi

Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Powered by YAF 1.9.5.5 | YAF © 2003-2011, Yet Another Forum.NET
This page was generated in 0.078 seconds.