Do you have to pay taxes?

Taxes are the backbone that allows the government to maintain a stable society and infrastructure. It is the primary source of revenue for our federal and state governments. If you are a citizen that makes any source of income throughout the calendar year, then you will be subject to pay income taxes. If you own a property, have an estate, purchase goods and services, and/or receive payment for your services at any time, you must pay taxes to the federal and state governments. Failure to pay your taxes results in fines, and in the most extreme cases, failure to pay taxes can result in serving a prison sentence. It is one of the drawbacks with being a citizen of any society of the world, but it is absolutely necessary if you want to live in a country that is stable and maintained. Please keep in mind that you must qualify under at least one of the reasons listed above in order for you to be required to pay taxes. Taxes are paid to the Internal Revenue Service (IRS) before April 15th of every year.

Related Tax Questions

Do you have to file taxes on an inheritance?
Taxes are pretty strict. You must pay taxes on your income, your property, your estate, your goods and services you pay for every day, hotel taxes, and...... Read More
Do you have to pay taxes while you are in jail?
When you are convicted for a crime and are sentenced to spend some time in jail you are still considered a citizen, and still have...... Read More
Can you find out if your tax refund will be taken for a past debt i.e student loans before you file?
Usually, if you already know that you have overdue taxes, child support owed, and/or student loan debt that you have accrued over time, then... ... Read More
Can you move out of the US if you owe back taxes?
When you are an individual who owes the IRS back taxes, that means you have overdue taxes from previous years that need to...... Read More
What is the maximum you can make without having to paying taxes?
Everybody must pay taxes if they make a sizable enough income. Typically if you have a job and you receive a wage, then chances are...... Read More
Does an individual who sells a used car have to pay taxes on the money collected for the sale of the
Nobody likes to pay taxes because it takes out a big chunk of our overall income, and it is just a hassle sometimes. In the case where...... Read More
What happens if you dont pay your taxes?
If you fail to pay your taxes, or even fail to file them altogether, the consequences could be dire. First and foremost, you receive...... Read More
Which states don't have state taxes?
Unfortunately, all 50 states have taxes in some way, shape, or form. Otherwise their governments will not be able to function without having any...... Read More
Do you have to pay taxes on a lawsuit you were awarded?
In truth, it really depends on the type of lawsuit and the type of damages awarded to the plaintiff. In most cases, you do...... Read More
If your wife gives you her old car do you have to pay any tax when you register it?
No matter where you buy anything, there is probably going to be some form of tax issued upon the sale of the item, unless...... Read More
If your wife gives you her old car do you have to pay any tax when you register it?
No matter where you buy anything, there is probably going to be some form of tax issued upon the sale of the item, unless...... Read More
If your wife gives you her old car do you have to pay any tax when you register it?
No matter where you buy anything, there is probably going to be some form of tax issued upon the sale of the item, unless...... Read More

Comments