 Why do our taxes pay fof puplic access tv when no one watches it? |
i can honestly say that i dont know anyone that watches puplic access tv so why does the government make us pay for it
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i meant to say "for" instead of "... |
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 We bought a house last spring. How does it affect out income tax return? |
| I have heard from some sources that we will have to pay, but have heard from others that we will get a return. We both claim '0' and both had an extra $5 taken out of each check for federal.... |
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 Do I have to pay tax on sales from a website? |
| Im looking into making a website that will take in less than $10,000 a year in sales. Do I have to pay tax on the items I sell? and if so how much and how to I register?... |
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 How much income tax do i have to pay? |
| I am 18 male living in California and i work at a sushi restaurant making minimum wage maybe like 400 dollars a ... |
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 Can my ex boygriend claim my daughter on his income taxes? |
| He told me that every other year he is able to. I am going to school right now, and don't have income, so he did supply some income for me through child support but I did work for a bit at the ... |
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 Will i get that extra tax refund? |
| I FILED MY TAXES LAST YEAR AND THIS YEAR BUT CHILD SUPPORT TOOK MY MONEY WILL THEY TAKE THIS EXTRA TAX REFUND I GET FOR FILEING THIS YEAR I KNOW I STILL OWE BACK CHILD SUPPORT... |
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 Tax Credits and overpayment? |
We get Working and Child tax credit.
We have been told there was an overpayment last year on our tax credits because our income was underestimated (caused by dp changing jobs a few times ... |
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 Tax returns!? |
| am an international student working on campus. my income last year was 4000 dollars that went to my fee which is like 6000 dollars! federal tax was 22 dollars and state around 10 dollars. how much am ... |
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 Can I claim all of these people on my taxes and if so what will happen? |
| My fiance and I live together with our 3 children-one his, one mine and one ours. His brother also lives with us. I am the sole supporter of the family, except my fiance worked about a month, cut ... |
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 I filed a claim with the IRS in March bec my ex claimed one of my children on her income tax unlawfully.? |
| I know that the "question" above wasnt really a question, but, I was just wondering if anyone knew when I would hear back from the IRS or what would happen? I had custody of them for more ... |
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 Back taxes owed to a state I haven't lived in for years? |
| A state I used to live in finally noticed I haven't been paying taxes for the last ten years. Now they want back taxes, interest and penalties for the past seven years. They do not accept a ... |
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 What is best to do with my unpaid tax bill of forty thousand pounds? |
| i left the uk about three years ago leaving unpaid taxes, i would now like to return to work in the uk. Should i try and sort this out before returning or on returning to the uk and where would i ... |
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 How can I stop Midland Credit from garnishing my paycheck? |
they have already gotten over a thousnd dollars from me in garnishments I want to stop them from doing this because this an account that i believe is over seven years old
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Brian C | Can I claim many W4 allowances, then put extra cash into savings, then after paying taxes, keep the interest? |
If I keep every cent, I can earn interest on it instead of uncle sam, then I'd still have enough (assuming I had the discipline to not spend it!) to pay everything I owe in April. I'm really only worried if penalties exist on top of the taxes owed for the year if I come in too short. |
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Mandi
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No. The IRS expects you to make equal payments all year. There is an underpayment penalty at the end of the year. It sounds like a good idea, and I wish we could do it, but the IRS doesn't trust you to have the money at the end of the year. You could do it, probably, if you still made the appropriate quarterly tax payments. But that would be more complicated than it would be worth (unless you have a LOT of money, in which case you would be better off getting tax advice from a CPA than from YA)
Good luck though. |
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Judy1
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If you owe $1000 or more when you file, you'll owe penalties for underwithholding and those will probably more than eat up any interest that you get on the money.
The US tax system is pay-as-you-go, and the taxes are really due every quarter, not just at the end of the year. |
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bostonianinmo
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No, not legally. The tax is due when the income is earned, NOT on the April 15th filing deadline. If you owe more than $1,000 at filing time you'll be facing penalties and interest for underpayment that will wipe out anything you might have earned on it in most cases. |
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v b
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The IRS knows this scheme. They charge you 8% for underpayment of your tax liability and then sends your employer a lockin letter to prevent this foolishness in future years.
Since most banks are only paying 2% (all taxable), this is a losing scheme. |
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TheBeann
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Yes, but be careful. You can get penalized for not withholding enough (I did a few years ago). I'd do a little research and make sure you can make enough interest for it to be worth your while, and that you are definitely going to save it. |
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j_ru478
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Yes. While working payroll there were people who would claim 99 allowances and invest the difference. Although, this is abusively and the IRS sent a letter to us requiring that we do Single and 0 allowances for some of those employees in the future.
I would say to do it, but if the government thinks that you aren't paying your fair share then they may disallow the excess allowances.
You should be fine with a few extra allowances, but I'd advise against 99. |
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Jeanne R
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As long as you pay any taxes due by April 15th, there are no penalties and, Yes, you can keep the interest. Just remember that the amount of interest you earn on the money needs to be listed on the tax return for the year in which it is earned. But there would be no penalties owed in you senario as long as you pay any taxes that are due by April 15th. |
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laura2000_us
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As long as you pay them in full on April 15th there aren't penalties and interest included. Just make sure you have the money at that time. |
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src50
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Do what you want. They amount of tax you ultimately pay is the same. |
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