 Tax rebate question? |
| Okay, today is the 9th so where is our money? We filed back in feb. and got our regular return a long time ago. We filed direct deposit. The last 2 digits of the ss # is 58 so that means we should ... |
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 Anyone receive their Stimulus Direct Deposit? |
| It is May 2nd, my last two digits "09" and nothing yet! Does anyone else have the same problem?... |
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 If giving rebate checks helps the economy, why dont they lower taxes altogether? |
if they lower taxes by lets say 1/2, wouldnt that be helpful for the economy since your keeping your own money and spending it?
Additional Details
if giving checks is helpful why dont ... |
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 Do rich guys pay Social Security taxes after they retire? |
| I wonder, that if a person that retires (from work), but has interest income large enough to be taxed, does that person collect SS and also PAY SS??... |
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 How much child maintenance (per week) should be? |
| paid if somebody earns £22,000 per annum (for one child)... |
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 Are bonuses taxed at a higher rate than wages? |
| I work in sales and receive a base salary plus quarterly bonuses. It seems that my bonuses take a higher tax hit versus my wages. I've asked for clarification and have received conflicting ... |
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 Wat other options are available for tax exemption other than section 80C? |
| wat other options are available for tax exemption other than section 80c(upto 1 lakh).I have already have 1lakh exemption for LIC premium+housing loan premium(section 80c).What other options are ... |
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 If you make any money in 2007, can you file taxes in 2008? |
i've only worked since september.. so do i file taxes or no.. and plus i have taxes i can file provided by my college
Additional Details
well ok.. i got paid 1798 because i just ... |
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 How much are taxes on a gift of cash? |
| What would taxes be in the US on a substantial (maybe $40,000) gift of cash made to someone? Would both the giver and recipient be charged taxes or penalties?... |
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 Renting our UK property out and moving overseas. TAX ? |
Hi my husband and I are moving to Australia in December and we are going to rent out our property we have been told we would have to pay Tax on the rental income.
1. If we only get enough to ... |
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 Is there a law that states we have to file a 1040? |
| Is there a law that states we have to pay or file a tax return ?... |
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brian j | Can someone tell me what will happen If I report the incorrect amount of federal withholding on my tax return. |
I mistakenly transposed a digit on the withholding section and am afriad that this will delay my return. When does the IRS receive tax withholding records my my employers for 2006? Could this possibly be overlooked until later in the year so I can receive my return in time? |
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Rob D
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Assuming you don't report or amend it, one of three things will happen:
The return will be processed as filed.
The return will be recalculated by the IRS (this is the most likely scenario).
The return will trigger an audit. If this happens, confirm that that is the ONLY reason for the audit (they have to tell you specifically if you ask), and be prepared to give them the correct figure with a very brief explanation as to why it was incorrectly reported. |
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bostonianinmo
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That type of error is usually caught by the IRS when you file, if you file a paper return or e-file and send in your W2s.
If you e-filed and did not send your W2s to the IRS, you'll have to file an amended return on Form 1040X. The IRS will eventually catch that but it may be after the filing deadline. If tax is due because of the correction, you'd have additional penalties and interest to pay if it's not corrected by the filing deadline. |
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F.A.Q.
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You just need to file an amended return. Figure it yourself or have a preparer do it for you to make sure it will even affect you. If it does in their favor, just file an amended return. As long as you do it before April 15th, they won't penalize you. It shouldn't hold up your current refund though. If you receive your refund before you amend then you may owe them some money back, no biggie, just cut them a check. |
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lunatic
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I think there was a change to the tax laws in 2006 which require you to amputate, attach, and mail the hand that made the error, along with the appropriate forms to the IRS before you get your refund. |
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Judy1
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The company has already sent your W-2 info to the IRS, but they might not catch the error for a few months or more. If they accepted your return, you'll probably get your refund as shown on your return, then be notified later of the error. You need to file an amended return correcting the error - to avoid any penalties, file it before April 17. |
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hall_andrew1
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That type of error is usually caught by the IRS when you file, if you file a paper return or e-file ",
you may be interested in some of the Tax Prep Deals I found that saves some money on tax prep services online. |
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jim06744
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irs computers will catch it and just adjust your refund, or will bill you for amount missed if you owe, plus possibly penalties and interest. if it only a small amount and you're in a refund position, i wouldnt sweat it. if a large amount, file amended return |
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keke
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your a&# will get audit lol lol all jokes aside if irs cacth it then you will have to pay the money back what they gave you if not then your free to go |
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