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| I got a big refund last year and would like to have a little extra cash now. How do I temporarily stop my withholding for 2-3 pay cycles?... |
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 If I (a 22 yr old college student) buy a new computer, can I claim it as a tax write off in 2008? |
I am currently trying to decide if I should upgrade to a new computer. If I buy this new computer and claim myself on my taxes, will it be a write-off for me since I am a college student?
A... |
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| We had our taxes done last week and the $$ was direct deposited into our account already. When I got home yesterday there was a w-2 in the mail from unemplyment I received for the month of January ... |
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| Back in January I did my taxes at H&R Block. I paid my H&R Block services fees with some of my return money. I had the rest of my money deposited into my checking account. According to the ... |
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I'm 24
Senior year College student
Filed taxes independently--made only $9,000 in '07
I live in my parents home--don't pay rent
I thought i was supposed to ... |
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 Can the IRS hold my tax return money? |
| My husband and I have a back tax bill from a couple of years ago. We have been paying on it. This year (since he has payroll deduction to pay the bill) we filed separately. He had to pay and I am ... |
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just curious as to if anyone has actually recieved theirs yet? they were "supposed" to start sending them yesterday via direct deposit, but i dont know anyone that has gotten theirs yet?
... |
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| Will bankruptcy wipe away tax debt.? |
| I have never filed for Bankruptcy, but the IRS is doing what they call a "substitute for return" for my late return. That means no expenses go against any of my earnings. That will put me ... |
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 I would not work for any employer now who pays less than £10 per hour? |
I think employers who pay less than this are really bad employers. when I earnt less than this I felt totally worthless And
I felt my employers abused my intelligence. I think people who earn ... |
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lowesman4e | Does the I.R.S. ever "forgive" a tax amount owed? |
I was out of work nearly a whole year (2005). I had some stock options that I had to exercize or lose, so I exercized them. The result was what appeared to be a $40,000 gain and after all was said and done, I owe them nearly $5,000. I have not been able to pay them so far this year. I got an extension, but I haven't heard from them yet. Who would I have to call to ask that the debt be forgiven? |
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snowkitty
 |
The IRS can forgive tax due but not penalties or interest accrued. Bottom line, even if they forgive your tax due, you will still owe something. The best thing to do is to call your local IRS office before they contact you and let them know your situation. Chances are they will be more lenient on you than if you wait for them to issue you a notice of deficiency. Or you can contact a reputable tax accountant and have them deal with the matter on your behalf. Good luck. |
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Dave P
 |
The IRS has been known to negotiate reductions but, more likely, they would be willing to negotiate a payment schedule. |
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crazydave
 |
They do sometimes forgive debt under certain circumstances, such as a husband who sticks a wife with a tax bill then takes off on her, but in your case, it sounds like you will need to pay the amount due because you did realize a substantial gain. Best to call the IRS and discuss your situation, then they can set up a payment plan. If you show a good-faith effort to repay, they may not be so hard on you.
p.s. If you got an extension, you don't wait to hear from them, you just file by the extended due date. And the tax should have been paid by the original due date, usually April 15, 2006 in this case. |
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STEVEN F
 |
Just for the record. Extensions give you more time to file your return, not to pay your taxes. Your best bet is probably an installment payment agreement. The IRS can negotiate an "Offer in Compromise", but I doubt you are eligible. |
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captkev156
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Never....they will hunt you down and make you pay every cent...there ruthless, cunning, they will never stop....THEY JUST KEEP COMING!!!!!!!! You don't have to call anyone, they will find you and they will make you pay...oh yeah......you will pay!!!
Only ceo's and executives that work for huge companies they can't find.....but you , you peasant they will find and make you pay! I may have gone overboard a little.....this is a sore spot.....never mind! |
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motherhendoulas
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Why do you think it would be forgiven? I think you can always arrange a payment PLAN with them...but forgiven? I dunno..... |
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cajunrescuemedic
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One thing is certain, death and taxes. No the IRS will not forgive you for your debts. You can make arrangements with them to pay off the bill in payments. They WILL charge you interest on the amount owed. The best thing I can tell you is to take out a loan, and pay the IRS off. It's cheaper that way. Best of luck to you.......... |
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Floyd B
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They might have, but in your case I would say pay up. |
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skip
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You know, the firm I work for has gained a lot of new clients over the past year because people thought they owed on the exercise of stock options. Have you spoken to a CPA or Enrolled Agent? If not, please consider doing so as soon as possible.
Tax debts can be forgiven, but it is a one-time deal and not worth it for $5,000. |
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?
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no |
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rkoblitz
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They are not going to forgive you. Contact them and arrange a payment schedule. You need to pay them off as quickly as possible. The longer you let it go the more interest/penalties are charged. Take out a loan if necessary. You do not want Uncle Sam as a creditor. |
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Chrisusc
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Contact a very good CPA and they will help you. DO NOT TRY TO HANDLE IT YOURSELF. |
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