Hi
I am a full time international student in Uk, I asked for getting exemption from paying council tax. I went to the city council in Glasgow and they told me I can not grant the exemption ...
The process for claiming your winnings has been made very simple so that by the end of one week at most, you are assured of having received your cash prize and all the legal documents backing your ...
okay so i'm 18. out of school, over the summer i worked at wendys to make a lil bit of money. i worked there for a lil over a month, because i got a better job offereing, and so i took it anyway....
what is the absolute latest taxes can be filed with extentions? I am asking this because my ex owes me A LOT of childsupport and his check was supposed to intercepted yet I havent received anything......
Is it really a smart thing to not pay off the mortgage because you get to deduct the interest on it? I dont see what the point of paying out extra money to the bank just to not pay some taxes to the ...
I was payed fulltime when i work part time. My employer said i can pay it back in installements. because i was given the gross amount and not the net amount, what the best way t o pay it back? over 2 ...
i made under 8,000 for the whole year and im a dependent of my mom...i filed two w-2's already...one for 5k and the other for 2k..i just receuved a w-2 from a job that i forgot about that i only ...
Food stamp medicate section 8
Food stamp=3500 a year
Medicate=3500 (what other insurances charge)
Section 8=10,000
and if the same couple would make 36,000 a year they wouldn'...
Jeremy B
Didn't pay estimated taxes for 2007 for independent contractor work. Am I going to get fined?
I worked as a freelance video editor during 2007. I made about $12,000 during the year. Most of it during the months of September and August and November and December. Thanks to a lot of business expenses (mainly travel as I drove lots of miles for the particular jobs) the H&R Block Tax calculator estimates that I owe about $700 in taxes. I didn't pay quarterly estimated taxes because I didn't know about them until after the new year. Am I going to be fined for this amount?
If the balance due is less than $1,000 there is no penalty for not making estimated tax payments.
Judy1
As long as you owe less than $1000 (that's total for income and self-employment taxes) you won't be penalized for not filing quarterly and paying estimated taxes.
stephenweinstein
No. Estimated federal taxes are not required if your total tax for the year is less than $1000.
Also, the term is "penalty", not "fine".
Roger T
Since $700 is less than $1000 then you shouldn't be penalized.
(If it were more, use form 2210 (if your software doesn't have it yet get the PDF at irs.gov) to calculate it... since it's also based on what you paid in taxes in 2006, you might find that the penalty is very small.)
bigleybill
I think you can just refile your taxes and will probably have to pay 6% interest.
desertskieswoman
Be afraid, be very afraid.
Michael V
no fines as long as you file your 2007 taxes and report your earnings.
chic g
No need to worry....you'll just be paying one lump sum come April 15th. The estimated quarterlies are to help defray the one time payment.
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