 Do u do ur taxes every year? |
| I have a friend that never does her taxes and is rich how does she do it without getting in ... |
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 My employer will only pay one months sick pay? |
| I have been off two months and am leaving the company. Today they told me they will not pay a penny for this month according to my contract. Is this right that they can do this and give me nothing ... |
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 New Labour doubles income tax for the poor? |
why do we stand for this doubling from 10p to 20p in the pound to pay for the profligate middle classes?
Additional Details
We all know Labour has stuffed up the economy; now they want ... |
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 I need to know how to claim my son on my taxes? |
| I have no work experience, but I need the money to support my son, and how much will I get back?... |
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 My wife & I will get 60K from a brother for down payment for a condo, how would we do it to avoid gift tax? |
| My wife's mother has lived with us for many years, recently her brother made an offer to "reward" us for taking care of the mother: He will give us the down payment to buy a house for ... |
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 Can anyone help me out with Simple UK Tax thing?? |
Last year( from April 2007 till March 2008), my gross earning is £7399.46 where I paid £1413.19 as Tax and £478.97 as NI.
Am i taxed normally?
If not, where do i complain? will i ... |
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 How do you plan to spend your tax rebate? |
I am thinking, GAS, GROCERIES and BILLS.
HOW ABOUT YOU?... |
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 I just want to know how much I would get back from taxes if I claimed my son...? |
| I only worked for 5 months the total of money I earned is 4 thousand dollars? Anyone know doesn't have to be exact amount? just a guess? my son is 3 and half year old..... |
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 I called the IRS hot line? |
| something to the effect of they could not find any info about my rebate, and something about may 16 anyone else get this?... |
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 I get emails regarding business set up where i have to process checks for an international company from its cu |
customers in the US. Keep 10% and send rest to the international company thru my bank account. Is this legal business or money laundering scheme.
Suggestions?... |
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 Tax rebate? |
| I know theres probably a million of these, but I keep getting different answers from different sites. I am a college student...I do work and file taxes. I meet the minimum $3,000.00 a year limit...BUT... |
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| Tax help! Why do my hubby & I always pay more federal taxes?!!? |
| Every year, we get the shaft and have to pay...and it's always a lot (federal taxes). What are we doing wrong? We don't make a lot, it's just me and my husband. We used turbo tax so we ... |
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 WHAT is A GREAT INCOME IN THE UNITED STATES? |
| Hi i was wondering what is a great income in the united states , if a person wants to live a great life..not good..GREAT? what is a yearly great income?... |
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Justin S | Can I file state and federal taxes without paying them right away? |
I owe about 460 in taxes this year. 400 to federal and 60 to missouri. Can I file my taxes and wait to pay. if so what is the deadline to actually send in a check. Im hoping to catch a break and be able to file, get the 600 dollar rebate check and use that money to pay the taxes? is this possible? thanks |
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DJ
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It is always better to file and not pay than it is to not file and not pay. Of course the IRS prefers that you file and pay at the same time.
If you file a return that says you owe $460, but don't pay the $460 by 4/15/08, then the IRS will charge you a penalty and interest.
If you file an extension, the IRS still requires you to pay your estimated, or expected tax bill. If you owe money when you file your extended return on 10/15/07, the IRS will add on penalty and interest for any amounts not paid by 4/15/08.
If you file and don't pay, most likely the IRS will either deduct the $460 from the payment, or else hold up the stimulus payment. I have not seen any rules or procedures for these cases. The payments will not come from the IRS, but since the IRS will provide the information to the department that will send out the checks, I am sure they will let that department know who owes the IRS money and take their cut! |
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Judy1
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Yes you can go ahead and file even if you don't have the money to pay. The deadline to pay is 4/15. If you can't pay by then, you'll be charged interest and possible penalties.
The stimulus checks won't start going out until May, so it will be too late to use them for paying your tax without interest or penalty. |
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RopeResQ
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The deadline to file and pay your taxes is April 15. If you file for an extension, you'll have until October 15 to file your return, but the tax owed is still due April 15. The IRS is not sending any refunds until they receive their money. Sorry. The unfortunate way to do that, would be to charge the tax due to your credit card, and then when you receive the tax stimulus money, pay off what you charged. I'm afraid that's not the best answer financially, but it's the only way to "delay" anything. |
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Pat B
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See irs website:
http://www.irs.gov/faqs/faq-kw131.html |
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darcel.thompson@sbcglobal.net
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oh yes belive me you file, you owe, they will take what you owe and send you the rest go for it you might have some change left over hurry fore it too late |
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Big Woof
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You can file without paying. But, the amounts are due by April 15th. The stimulus money will have nothing to do with this year's return. They will not even look at your return until sometime next year. |
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Brian J
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Related questions and answers from the IRS web site:
Q. I owe some money on my 2007 tax return but the amount I owe is less than my expected stimulus payment. Can I wait to pay the balance due and simply let my stimulus payment cover it?
A. You should file your 2007 return and pay the entire balance due by April 15. You should not wait for your economic stimulus payment to offset the balance due. If you wait, penalties and interest will accrue between April 15 and the date the balance is paid, even if it is ultimately covered by the stimulus payment, which will not be available before May.
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Q. I'm eligible for a payment but I still owe federal income tax from a prior year. Will my payment be reduced?
A. Yes. For this purpose, the stimulus payment is treated like any other tax refund. This means that part or all of your payment can be used to pay past-due federal or state income taxes or non-tax federal debt such as student loans and child support. If this occurs, you will receive a letter explaining how the stimulus payment was applied. |
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zornundox
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they will use that 600 stimulus payment to offset any amounts you owe on the federal level. |
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picopico
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The deadline is April 15 to pay the taxes, unless you file an extension. |
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