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 Why don't people in the South have to pay income taxes?
I was looking through some cities on Bestplaces.net and I noticed that in many Southern states there is a 0% income tax. Missouri, one state I'm interested in, has a brutal 7% income tax. What ...


 PLEASE READ! Pls help me with my question! PLESE READ!?
I want to know if i should claim my son the year income tax or should i let his dad claim for him this year2007? i just got a job this octomber2007. his dad claim both his son and myself last year2006...


 Can I do my income tax return without my w-2?
I have my last paycheck stub....


 Do you favor shutting down the IRS in turn for a 10% flat tax ?
This would be a flat rate tax, not an actual flat tax...
Studies have shown that this model could actually produce MORE revenue into the federal government.

The IRS is spending ...


 My income is rs345000. i want to save money and tax, how?
...


 If i want to become a CPA (Certified Public Accountant) what tipe of accounting should i major in?
theres soooo many type of accounting majors...its almost confusing...i'd just like to know which one should i tackle..i kno i want to be an accountant...but which one would be appropriate for a C...


 If my income is less than the prescribed IT limit should I file IT returns for that year.?
I have been filing IT returns regularly. Filed IT returns for the financial Year 2006-2007. I resigned from my job in march 2007. Earnings for the year 2007- 2008 less than the prescribed limit for ...


 Do I have to file taxes if I only worked on week in 2007?
I only worked on week and that is all that I worked in 2007. My boyfriend claimed me and our daughter cause he supported us. I did not file because I only had worked that short time. Do I need to ...


 Irs stimulus check r they coming out again?
i hear that there is another stimulus check coming out . if this true do anyone know when.
...


 I just read that you are more likely to be audited by the IRS if you file early. Is this true?
...


 What state pays top dollars for unemployment?
CA pays up to $450 per week, can your state beat it?
Additional Details
For those that do not know, unemployment money comes from company u work for, not any tax money....


 Filing for tax/ tax refund question.?
Ok, please forgive me for asking but I am very tax ignorant and I'm trying to avoid going to H & R Block.

I am trying to file my own taxes online, but it doesn't seem to add ...


 Does anyone have a phone # for rapidtax.com? its been 5 days since i filed for the 2 day rapid refund.?
their link that is supposed to show your status on your refund always claims that it doesnt recognize my me. the irs has already accepted me but no word from rapid tax on my refund status. they only ...


 Pay Taxes on Prize?
I entered a contest and won a $250 gift card.
-Do I have to report this to the IRS and pay taxes on it?
-If so, will the place I won the gift card from give me paperwork or am responisble ...


 I was told that President Bush passed a bill that eliminated Inheritance tax ...is this correct?
...


 Exhusband claiming children on taxes?
My ex husband and i have 2 children. they live with me 100% for the entire year. He has contributed 116 per week in child support since May.
He says to me the other day that he is claiming them ...


 Is it true that the U.S.A. borrowed 1.5 billion from China to pay it's citizens a tax refund?
Everyone is supposed to get a tax credit/refund this year. Is it true that Bush borrowed the money from China?...


 Can i claim this dependent??
my 25 yr old son lives with me and he worked and made $6000 he filed income tax form 1040A to get back a refund, can i still claim him on my taxes as a dependent as i provide more than 50% of his ...


 Should child-tax credit only be available to married parents?
To stop encouraging single-parent and broken families, should the government only offer child-tax credits to adult husbands and wives who are both the parents of the child/children claimed on the ...


 Can I deduct taxes/interest on three houses in this circumstance?
We recently moved and bought a house before we sold our previous home. These homes are our previous and present primary residences. Our previous home is on the market. We also own a second home. C...



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Can IRS withdraw money from your bank acct without permission?
                     
 




Ms. Angel..
Rating
Yes, they will send a notice, then another and then another and then take the money if you don't respond. By responding you would be agreeing to setting up an installment agreement or full paying the amount you owe.
Call them ASAP.


taxreff
If you owe back taxes and the IRS follows the proper procedures, the IRS can levy your account without your permission.

Note that the IRS will give you plenty of warning before any levy, so once collection notices start you still have time to make arrangements to pay. Contacting the IRS early in the collection process will prevent a levy.


ASHFAQUE A
Yes, but they will send notices for payment before they do. Best to not let it get that far. States can do it to.


Mr_Blue
The IRS uses tax liens to collect money. If you owe money to IRS it is best to contact them and work something out because if they have to come after you it won't be good.


Rashelle
Yes, definitely. I work in the Collections department of the IRS, and you receive 4 notices, each giving you 45 days to respond. The last notice is certified and must be signed for. So we know you received it. If there is no response, then your wages and bank accounts will be garnished. And it is not pretty to get a check for 125.00 after an IRS garnishment. And its also not pretty to go to the bank, and they have frozen your account because they are getting ready to send a check to the IRS for everything in your account. Just call 1800-829-7650, and speak to the representative and set up a payment arrangement.


Judy1
Rating
Yes, if you owe them. You are usually given an opportunity to set up a payment plan, but if you don't, or don't stick to it, they can and will start taking assets.


bud68
Rating
Yes, if you owe back taxes.


John Scott
Rating
If it's an enforced collection action and the proper procedures have been followed, the IRS can issue a levy notice to the bank. This requires the bank to hold whatever is in the account for 21 days and then remit it to the IRS on the 22nd day.,

Otherwise, the IRS only "withdraws" money from your account when you have authorized a direct debit to pay your tax--either when you file your return or when you set up an installment agreement.



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