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WorksheetsTaxes- Future Planning
Total questions: 10
Worksheet time: 50mins
What is the deadline for filing your income tax return?
October 15th
December 20th
June 9th
April 15th
What do you pay personal property taxes on?
Every SINGLE thing you own!
motor vehicles, trailers, mobile homes, watercraft, boat motors, aircraft, livestock, farm machinery and equipment
Only things that you drive on a road
What do you pay property taxes on?
Every SINGLE thing you own
Everything you sleep on
On immovable property- land and structures that are permanently attached to the ground
What happens if you don’t pay income taxes?
Receive notices, higher interests/penalties, claims against property, cars/homes/passport taken away
Jail Time
Forced to join the military
Is sales tax the same everywhere?
Sales tax isn't a real thing.
All cities in Missouri have the same sales tax.
Cities and counties may have different tax amounts
When do you pay sales tax?
Every time you buy things or services you pay sales tax on the transaction.
Anytime I walk into a store.
Whenever I go to garage sales
If you buy a car after January 1st do you still owe property taxes on it for that year?
No, you only pay on cars if you own it on January 1st of that year.
Yes, if I buy a car in March I will have to pay taxes on it at the end of the year.
When must you show proof of paid personal property taxes?
When applying for a bank loan.
When getting your passport.
When renewing or issuing car tags.
Anytime I want to buy something.
When must you submit your personal property tax declaration? (A form you complete with info of the items, cars, you own)
April 25th
December 31st
May 1st
June 15th
When are personal property taxes due?
September 20th
December 31st
Janurary 1st
July 15th
