 Is a monthly bus pass tax deductable? |
| I have to take the bus to work weekly. I buy a monthly bus pass at $75.00 a month. Is this tax deductable?... |
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 What Law Says You Need To File Taxes??? |
| I was looking around and was wondering what LAW says you need to file taxes.. Someone said there is a law that sais each citizen needs to pay a % to taxes.. But isn't that already commin out of ... |
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 Do I have to pay income tax on the dividends from my stock that i have them automatically reinvest? |
| I have stock in NHP which pays dividends. I do not take them out but have them automatically purchase more stock with them. Do I have to pay income taxes on those?... |
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 My ex claimed our son on his taxes. I mailed in my return claiming my son, what should I expect? |
| I had e-filed and it was rejected because my ex got to his taxes first. I called the IRS and was told to mail it in and they would send out notices and investigate when they processed my return with ... |
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 What are the chances that the "fair tax" will be implemented in the U.S.? |
Additional Details
swg: look up Fair Tax. I'm not saying taxes are unfair.,... |
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 Can someone explain a W2 form to me? |
| i just got hired at smoothie king and he said i needed to fill out a W2 form. what the heck is that?... |
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 Is it true that if you are expecting a return you only have to file taxes every 3 years? |
| I was on the phone setting up some payments for some loans and the lady informed me that if a person is expecting a return from their taxes, they do not have to file every year, but every 3 years. S... |
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 Budget 21st March..UK? |
What do the people of the UK expect to hear in the budget on the 21st March ?
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Davy B
We dont need tax increases to pay for more cops..NHS or prisons
If the ... |
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 What's guaranteed besides death and taxes??? |
| are there any other anomolies like this???... |
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 Would a National Sales Tax be better or more fair than Income Tax? |
I think it would be more fair, and would be much harder for scofflaws to dodge. What do you think?
Additional Details
Hey, to then lady who left "Look it up" as a source - this ... |
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freckles84403 | Does anyone know the penalty for filing a false tax return to get a bigger EIC refund? |
I know someone who has said they made more than they did to get a bigger EIC tax refund. This person has an otherwise spotless criminal record, and is a single mom of two kids. She wants to come clean about it, but is afraid of the consequences. She did it to help her family, not just for personal gain. |
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ninasgramma
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A person who misstated her income can amend her return. If she received too large a refund, she will pay back the difference.
It is tax fraud, and the IRS could assess a penalty and interest on the money that was refunded in error. |
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r_kav
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Good answer from Judy, but I suggest she not "turn herself in", but rather just file a 1040X to amend the return, and pay what is due. In the explanation on the 1040X say something like "Erroneously entered the wrong amount of income".
The IRS will probably send a bill for interest , but that will probably be the end of it. |
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mother
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the answer to your question varies--
check out the link below
(any way you look at it -it's a BAD idea / regardless of why you did it)
http://www.irs.gov/compliance/enforcement/article/0,,id=163019,00.html |
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Judy1
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She'll have to pay back whatever extra she got, plus interest and most likely penalties. She could be barred from getting EIC at all for the next several years. What she did was tax fraud, and she could be prosecuted for it but probably would not be, especially if she turns herself in on this.
A lot of EIC claims are being investigated this year, so there is a significant chance she'll be asked to prove the additional income, and therefore get caught.
If she just files an amended return and pays back the extra, probably nothing further would happen. |
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shamieya
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If you intentionally commit fraud, the penalty is up to 100%. |
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j c
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It can't be good, lying to the federal government is a big deal! I feel if your willing to lie, no matter what the circumstances, you should be willing to accept the consequences! |
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stan c
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Just leave it be. But the next time, don't do anything stupid. I was a bill collector for 35 years, and I have this saying" IF YOU'RE GONNA BE A THIEF, MAKE SURE YOU CAN RETIRE FROM IT". |
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Trey
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That constitutes fraud.
Depending on where you live, it could mean imprisonment, or in other cases, a hefty fine. |
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00
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death. |
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