Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 I am single living on my own with no children. Can I claim Head of Household?
...


 Can my boyfriend claim the childcare credit if I claim our son as my dependent?
We have a 6 month old son. We have been living together since he was born. I will be claiming him as a dependent as I made more money this year. The daycare credit will not make any difference in ...


 I have cheated on my tax return by writing off my last acid trip, will they prosecute me when they find out..?
That the trip only cost me $3 and not the $13.57 that I claimed......


 My Salary is GBP 63250 and I am on Tax Code 522L. Is the Tax Code correct? Also NI is 295.26 is this correct?
...


 I've heard income tax is illegal...?
Can anyone point me to CONCRETE information that refers to this? Such as laws, court judgements, etc.?
Additional Details
Angel - Yes I heard that too, but when I looked it up the 16th ...


 My parents wont give me an allowance and i need money what should i do?

Additional Details
and i have pretty good grades and im responsible but they still dont give me money.....


 What is your sales tax rate in your state?
Myn in Arkansas is 9%...


 If I am not itemizing, can I still deduct medical expenses?
We are taking the standard deduction. We have a lot of medical bills; can we still deduct these somehow?...


 Has anyone used the Obama tax calculator on his website? Put in$150,000.00 and said I would probably get zero.?
He's lying about his tax plan. $300k, $250k, $200k, $150k or less? He's been all over the map and very untruthful....


 Why does anyone file income taxes when it's not a law to do so?
...


 Does anybody now if the qeen pays council tax?

Additional Details
just wanted to now really myself and my partner where on about it....


 Can I cash my states tax refund check if my wife is not with me and both of our names are on it?
Both of us have signed it but I wanted to cash it alone when I have my lunch break....


 How do you write 6 1/2 % in decimal form?
Is it .65 or .065 or something else?...


 Did anyone get there stimulus paper check today?
Did anyone get there stimulus paper check today? woundering if they sent out any numbers ending 60 and up?...


 I did not get my tax return back and I filed in February?
I called the person who prepared my tax and she is not returning my calls, what should I do?
Additional Details
It was done electronically. My Federal tax came, but not my state, and it ...


 Do I qualify for the tax money?
I am 18 and I didn't work that much last year, my gross income was around 1600$, do I qualify for the tax money that theyre giving back? My dad says I don't but I dont know. Help!...


 When is my employer required to give me my W-2. By what date?
...


 Money Stimulus Rebate Checks: Have you gotten yours yet I haven't!?
Was it the amount that you were expecting?...


 How much $$ will I save on my taxes if my ex let's me claim my son?
...


 Can child support be claimed as a tax deduction?
i am the non-custodial parent....



john a
Can a taxman nick you for not putting in return's?
                     
 




wunceinawhile
It is as much an offence NOT to submit returns as it is to falsify them, so either way you'll - to use your euphemism - "get nicked" ! ! !


Onestep downfrom God
Rating
That depends upon what returns you have failed to submit.
HMRC rarely take action against people who fail to submit personal tax returns, they just keep raising assessments until you're forced to submit.
However, failure to submit some returns can be a criminal offence, so if you haven't submitted wages returns etc you may be in trouble.


tiggerbeeuk
Rating
You will get fined and penalised interest on any tax under paid. Only if you have been deliberately de-frauding the Government out of its taxes would criminal proceedings be likely.


shih tzu lady
Rating
They will just keep fining you until you put them in and pay up. There's no hiding place from them!!!


derbydolphin
Rating
they don't nick you, they make up their own mind how much you owe and charge you interest until you pay
if it turns out that their guess is too low, although very unlikely, they will charge you interest on the amount you should have paid until it is paid
they have you over a barrel


Ian M
Rating
Re Income Tax

There is a fixed penalty of £100 initially followed by increasing amounts to the extent of daily fines.

My recent personal experience was that the tried to fine me £100 for not submitting a return they earlier told me not to submit! Fortunately I had the original letter


minus
That depends on what you mean by the tax man. If it is the one that you hire to do your paperwork then he is not liable and can't do anything other than to refuse to do more for you.

If you mean the Revenue service or tax collector for the government then that is yes they can put you in prison if the see fit to do so. Most of the time they let you put things straight but if you do not be honest then you can kiss your friends good by for several years.

It is easy to find out if you are not declaring funds that you receive from any government agency or most companies.


steffi
Rating
The taxman won't nick you as such, and it is unlikely you will end up in jail unless you flout a judgement for payment when County Court proceedings are taken against you for non payment, then it would be for contempt of court, not witholding Tax Return. Interest charges and penalties for not submitting Tax Returns are high, and HMRC will take legal proceedings for an estimated tax liability plus the interest and penalties. If you leave it too long, you have no right of appeal against estimated liability, which will probably be excessive to any tax which may have been due on a Return. Depending on the amount of money involved, it may not be County Court, but could be distraint or enforced bankruptcy.
I would advise getting in your Tax Returns by the due dates if you want to avoid a lot of expense and hassle.


user1776
Rating
file the returns, and mail it back


Rhymin.Simon
Rating
The tax man can not,
But the police can - a lot!


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.004
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy