 Witholding taxes question:single with no dependents? |
Iam single with no dependents what is the best number to claim with not so much money taken out. but yet dont owe at the end of the year?
second question:what if i dont want not to much taken ... |
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 Will I receive my Stimulus check? |
| Has anyone that owes back child support receieved their Stimulus check? I owe my ex back child support. I got my letter on Thursday saying my check would be here tomorrow. And I havent received ... |
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 Stimulis check interception? |
| I wrote a while ago and asked if my ex, who is behind of child support, would have his stimulis check intercepted like his income tax was. All of the answers that I got were yes. My good friend is ... |
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 How many people have already "spent" their stimulus rebate check? |
| Have you already went out and bought something because you are counting on this check to pay for it?... |
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 If I own a business can I use both mileage and vehicle costs? ( gas repairs, etc? |
| Can you use both mileage and repairs when you own a business and the vehicle is owned by the business?... |
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 How should I do my taxes? |
| I just moved back in with my parents in June, I was a newly single mom, my son't father left me. I don't pay rent or anything but I pay for everything me or my son needs. I even buy our ... |
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 What are the advantages and disadvantages of having a flat tax? |
It seems like a good idea to me, but as an economic centrist, I prefer to weigh all the options before deciding what I like.
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That was TAX, not CAR.... |
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 How can I find out how much taxes I will owe if I withdraw from my IRA of $70,000? |
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I am 68, with low income which is less than $17,000 per year. No state taxes.... |
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 My husband is self-employed and "hires" a few guys to help him but he doesnt take taxes out of their checks.? |
| They get a 1099 at the end of the year. Is there any paperwork or anything they need to fill out to claim responsibility for their own taxes? Or is the 1099 enough?... |
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 Can two people who live with the same child claim that child? |
| My boyfriend and I live together, but we aren't married, our daughter lives with us. Can we both claim her since the person who she lives with 50 percent could claim her? Since she spends all ... |
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 What is the penalty for over withdrawl on an IRA? |
| I'm retired and rolled over my 401K to an IRA, but I've had to take out over $100,000 in a year. What will be my penalty?... |
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 Hom much is petrol in the area of the uk you live in?? |
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It's £1.009 a litre,at Welwyn Garden City Today!... |
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| Do i need to pay tax if i am selling used items on eBay? |
| I am In the UK England And am selling 10-20 things a ... |
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christyanntexas | Can you get in trouble if you file your taxes as single but you are actually married? |
If the IRS finds out, would you be subject to owe anything? What would happen to someone that has done this for up to 15 years? He lives in Texas and for the last 5 years has worked in Oklahoma.
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Lots of very good answers. Thanks so much! |
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BoysX3
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It's the same as married filing separately. Deduction wise you end up the same. |
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Judy1
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Yes, that's filing a false return. You can be assessed back taxes plus interest and penalties. |
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ninasgramma
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If a married person filed as single, and they had no dependents, in most cases they would owe the same tax as if they filed married filing separately. There are a few exceptions related to retirement plans.
If the IRS found out, and there were additional taxes owed, then the taxpayer would have to pay those taxes plus penalties and interest. If no taxes were owed, the IRS could in theory assess penalties for inaccuracy.
This is a case where the filing status is incorrect but not to the advantage of the taxpayer. The case where a married person files as head of household, or single with dependent children, is fraudulent because the taxpayer is lying in order to pay less tax than he owes. |
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stephenweinstein
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A married person may file separately by checking the box for "married filing separately".
A married person who checks the box for single may (1) owe the tax that they saved, (2) owe fines and/or penalties, and/or (3) be criminally prosecuted for tax fraud and face federal prison. |
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v b
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Yes. He understated his income and when he pays it back it's subject to penalties and interest.
The MFS tax return has higher tax rates than single returns after you get past $64K of taxable income. The tax law changes to reduce the marriage penalty were only about 5 years ago, it's certain he underpaid for 10 years. A substantial underpayment in tax has a statute of 6 years and fraud is forever.
The MFS return can't claim the following benefits:
EIC, child and dependent care, adoption credit,,
no education credits or tuition deduction or student loan interest, cannot exclude savings bond interest, cannot rollover IRA money to a Roth, capital losses are limited to $1500, if spouse itemized, cannot use the standard deduction, if retired, must include social security benefits in income....
And after 3 years, you CANNOT amend it to MFJ.
I'm always amazed at the number of people who do this. |
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VietnamToi
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Yes, you can get in trouble if your intention was to defraud the government by claiming singe to get a lower rate or other benefit of filing single instead of married fling separate. Remember, there is no statue for a fraudulent filed return. However, if it is a mistake then you need to file an amended returns for the open years (generally, the later of three years from the due date including extension, or date of filing) to correct the filling status. |
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bull_rooster_aardvark
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15 years!!!! Yes, he can get into trouble. Generally single people have higher deductions than married people so he will probably owe back taxes for all those years. If they ever find out he will owe back taxes plus penalties. I guess if they really want to teach him a lesson they can charge him with tax evasion and he could go to jail, but not sure if they would go to that extreme. Also, I'm not really sure they can go back 15 years on the money he is owed so he may get away with the lower taxes he paid for many of those years. |
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Chris J, President at eTaxrelief
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He needs to file amended returns ASAP. It is quite possible and even likely that he underpaid his tax. Not only that he signed his tax returns under penalty of pergury, and has now perjured himself and comitted tax fraud. Both criminal offesnses. He needs to take corrective action by filing amended returns immediately. I have a good deal of information available on my website at eTaxrelief.com.
Christopher R. Jacquez,
President eTaxrelief.com |
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Chuck P
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No, that is a personal choice and perfectly legal, they know people do that all the time. |
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