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 What would the taxes be on a $2.5 million dollar prize?
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 My acknowledgement no is 039305757 please let me know me my application status and if possible my pan NO:-?
My First name in the application is Rekha and last name is Sundervel My DOB IS 18/09/87. My coupon number is 027252780...


 Council tax direct debit?
hi

im trying to repay my council tax arrears i have a direct debit mandate from them that they sent a while ago, should i send it?
im hoping they will accept it, do you think they ...


 I've already filed my return before Jan 31 butI received a 1099 in the mail what should I do?
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 Will I get a refund???
I was sent a letter from the IRS about 6 months back saying I still owe 200$ for unclaimed income for my 2004 taxes. I have filed for my 2006 taxes already, and am looking at a nice refund. Will the I...


 My father invested $15K in my business in 2001. Business died year later. Can he see tax return on monies?
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 What monthly salary?
How much would I come out with per month after tax, NI and pension at 11% if I was paid 21000pa
Additional Details
pa is per ...


 If my son is 20 and lives with me...can I claim him as a dependent on my taxes?
He lives with me and is a student....


 If I worked as an independent contractor last year...?
and only made around 3,000 dollars, but didn't file, is the IRS going to come for me? I was a restaurant delivery driver and didn't want to go through the hassle of adding up all the miles ...


 If both mine and my husbands w-2 have no federal income tax withheld, are we going to owe?
We also have two dependants, and our total income was 38k. Thanks for any help....


 We have small business, how can we reduce our tax?
We have very little expenses, use our personal for the business. We like to buy a business car, any pros & cons? Also we pay tax approx £11k each year. We are wondering if can save this money in ...


 Home inheritance?
how do you protect the inheritance of your home to your children if when you get older and may need to go in to a care ...


 What is my filing status?
I was married in Sept and filed for divorce in Nov. I left his house in Oct, we lived together since Feb. I have custody of our daughter. I wanted to know if I could file Head of Household. I do ...


 Can I claim my child on income taxes even though I do not have custody of her?
My child was born on August 18th, 2006. On October 17th, 2006 Child services placed her in protective custody of a family member. I have been ordered to pay child support, begining the first of ...


 Will I get tax money back or owe? Made =$21474. Fed. Inc. Withheld =$1477. SS Tax=$1331. Medicare= $311.?
I can't figure out how to claim myself as a dependent on turbo tax it asks for a name other than mine but i and only i support myself. T...


 Why are there only 150 million Tax payers when the U.S has over 250 million people ?
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 What does VAT registered mean?

Additional Details
I know what V.A.T stands for but what does VAT Registered mean?...


 If a person doesn't file taxes, but doesn't owe the IRS additional money, what are the chances of a problem?
Yes, she is required to file based on IRS requirements, but if she doesn't owe money will they really come after her?...


 If you don't owe anything, are you guaranteed to get the May tax rebate?
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 Will we be able able to claim my kids?
My fiance claimed my 2 kids and me on the 2005 income tax return
and IRS audited him and we did not have enough evidence that shows he
lives with me and maintains my kids finacially well ...



Marky
Can a mortgage company take your tax returns?
I had to move from one state to another. I have been trying to sell my old house for about a year. Finally I am going to have to do a short sell (I have a couple offers to pay less than what I owe on the home). I should probably get some money back on my tax returns and would like to use it to pay off the large credit card balances I have acquired over this period of time. Can the mortgage company seize any returns I may get because I am having to do a short sell?
                     
 




wcowell2000
No, I do short sales for a living. They cannot take their tax refunds.

Also, because of the holidays I have not read up on it completely, but President Bush just signed a law taking away the tax burden on the balance owed after the sale. Make sure you do your sale in such a way as to comply with this law.


Judy1
They can't take your refund directly thru the IRS, but if they get a judgement against you for the balance, they could grab the money out of your checking account once it hits there.


Diane M
The mortgage company cant exactly seize your return. If you default on your mortgage and they get a judgement against you they can look to seize your assets. If you place your refund in a bank acount, its fair game for them to attach. They way around this would be to cash the refund check and pay the credit cards with money orders.


taxreff
Rating
Tax refunds cannot be offset for private debts. Federal and state taxes owed, back child support, and defaulted student loans are the only things tax refunds can be offset for.


Michael R
Rating
No, but the government can for back taxes owed on the property.


v b
Rating
I don't think he's necessarily going to qualify for the Bush relief plan.

Foreclosure after 1/1/2007 (yes)
Amount owed less than $1M (probably yes)
Amount owed was the original mortgage (probably yes)
Primary residence...maybe yes, maybe no.

The reference for primary residence is section 121--which is the live in it for 2 years of last 5 years ending on date of sale.


Neva N
Rating
No they can't seize your tax return. Call the lender and see if you can negotiate with them to settle for a lower payoff. At best let them know the situation and maybe they'll agree to work out low rate, payment plan for the balance.


Nancy Kay
Rating
No. If the lender agrees to a short payoff, and does not, for some reason, agree to waive the remainder of the note balance (say such as the loan NOT being a non-recourse loan), then they would have to proceed with a civil lawsuit to get a judgment in court for the shortfall, and only after they obtained such a court judgment could they execute the judgment and seize other assets, such as a tax refund.


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