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 Why government collectiong income tax?
Why Govt. is taking income ...


 Why does a round pizza come in a square box?
...


 Just curious!! I have a friend that has only worked 1 month at a job making about $8.00hr then got fired.?
She hasn't worked anywhere else before or after. We live in PA----Now that tax times coming she's bragging about that she'll get about $7000 to 8000 back from taxes because she got 3 ...


 I and my 3 children have lived with my friend most of the year.Can she claim head of household using us?
...


 I've just had my first wage slip, but i've payed no tax what so ever. why is this?
I haven't even payed National Insurance or anything. What do i do?
Additional Details
£5.60 an hour.
16 hours per week.

I have only worked here for 3 weeks and get ...


 When will I be able to apply for my tax returns of 2007?
...


 Do you believe wealthy Americans should pay more tax? Why or why not?
...


 How or where do I find out my tax code?
If I was still in employmment I should be able to get this easily but I have left my employment for a considerable time but now need this tax code. Can anyone help please?...


 Expecting 6k in tax return & want to not spend, but save. What would be the best thing to do with my return?
I'm 40yrs. old, single mom w/2 kids, hardly any savings & rent an apt.
I really want to use my tax refund wisely; the only debt that I have is my car payment....


 Why should I have to pay Social Security taxes when I know I wont get the benefits?
Im 23 years old and pay over a hundred dollars per paycheck towards social security. The program is doomed and theres no way I will get a check every month when I retire so why should I be forced to ...


 Has anyone gotten their stimulus check yet?
I had direct deposit and the last two digits of my social is 01. I am single with 0 dependants. I heard it was suppose to start early on Monday and should be done by Friday.....but it's Friday ...


 Stimulus Payment?
Someone told me that the direct deposit tax refund regardless of their ss# will all get them by 5/2 yet I went to IRS site and went through the "Where is my Stimulus Payment" and it said We ...


 Will IT Dept be able to track down my interest income frm FDs even if I don't disclose it while filing return?
I have several fixed deposit accounts with State Bank of India, where I have declared my PAN number.
Now while filing my income tax return at the end of the financial year if I don't ...


 Can my future mother-in-law claim my fiance??
My fiance's mother wants to claim her as a dependant on her taxes. I'm not sure if she can do that, my fiance is 22 and she made over $17,000 this year. she did live at her mothers house ...


 Holiday pay help?
If you leave a job are you entitled to the whole years holiday pay, I am sure you aren't and I am trying to prove a point. Thanks
Additional Details
sorry I am in the UK...


 I'm trying to find a UK company's VAT registration number, do you know how I do it?

Additional Details
The company name is Metcalf Moat IFA Limited....


 Do you tip your tax preparer?
Instead of doing my taxes myself, for my first time I went to an H&R Block office. I was truly grateful for the assistance the tax preparer gave me. She was extremely helpful, and even held the ...


 New bank holiday for the uk....?
forget about the extra bank holiday, instead how about a tax free week every year. help us catch up with our out goings. whoose up for signing a petition.....
Additional Details
Hi ya ...


 I have been left £13000 off my dad in a pension,will i have to pay inheretance tax?
any info would be brill,i do not ...


 Is there a law stating we have to pay income tax?
...



calebrien
I am a salaried person & missed 31JUL2006 deadline for filing tax returns, how do I file the returns now?
                     
 




q4tax
Follow these points:

1. Do not worry .No great fault has been committed by you.
2. You can file the return up to 31/03/2008. Actually you can file return even after that provided your application for such intention is approved by the Commissioner of Income Tax.
3. Following consequences may arise on account of return filing after 31/7/06 for Asst Yr 2006-07

> If there is tax liability , you may end up paying interest u/s 234A .
> If you file return after 31/3/2007 which you can file legally , may bring penal provision u/s 271F of the I T Act. Again do not worry, generally it is not initiated and even if initiated, you can stll give reasons why the penalty of Rs 5000 not be imposed.
> If you file rteun after 31/ 7/06 , you may not able to revise the Return .

I would say, do not worry .Just file your Return which Govt wants you to do.You can also visit my recently started blog "Frequently asked question on Income Income tax Act" for more information .Click www.q4tax.blogspot.com


Katze
With the IRS including penalties!


bharehardeep
YOU CAN FILE YOUR RETURN STILL NOW. PROCEDURE IS SAME AS RETURN FILLING ON OR BEFORE DEADLINE.
I THINK IF TAX AMOUNT IS SMALL THEN PENALTY WILL BE NIL(GENERALLY).
SO, DON'T WORRY AND FILE IT WITHOUT HASITATION. YOU CAN FILE ONE YEAR LATER THE DUE DATE OR BEFORE COMPLETION OF ASSESSMENT.


sandeep k
Rating
What you can do is simply file a belated return. i,e.return filed lately or beyond the due date. As per the Income tax Act,1961 a belated return can be filed before 1 year from the close of the assessement year. i.e in your case you do not file return for the assessment year 2006-07.Therefore belated return can be filed before 31.03.2008. The only thing is if you received already a notice from the Income tax dept then you need to file the return within the date mentioned in that return. Else before 31.03.2008 along with interest U/S 234-A


sonali_n
Rating
You can still file the return till 31.3.2007. If you owe the government money, you will have to pay interest on unpaid taxes. If not, there is no penalty.

However, the assessing officer can send you a notice for filing a return at any time during this period and in that case you will have to file the return within the time given in the notice.


rajendra p
What you can do is simply file a belated return. i,e.return filed lately or beyond the due date. As per the Income tax Act,1961 a belated return can be filed before 1 year from the close of the assessement year. i.e in your case you do not file return for the assessment year 2006-07.Therefore belated return can be filed before 31.03.2008. The only thing is if you received already a notice from the Income tax dept then you need to file the return within the date mentioned in that return. Else before 31.03.2008 along with interest U/S 234-A


Chris
Rating
Just find an accountant or get it done by someone, and send it in. You will not get penalized for filing late if the IRS owes you money. Now, if you owed them money, they will penalize you a little bit. They would love to hang on to your money forever, and being salaried you will probably get money back. You can also just, get it done next tax season, when you get your 2005 W-2 in. Do both tax returns at the same time, although I recommend getting it done as soon as possible.


vegas_iwish
Rating
If had filed extension Tax would be due 10/15/06; not 8/15; for 2005 tax year so would be set. Just file normally & pay the piper now


RKC
Rating
If you are talking about US income tax returns, you already missed the deadline. The first deadline is April 15th. You can file an extension, but all tax money is due April 15th or you will get penalties and interest charged to you. If you have a refund coming, you do not owe penalties or interest. If you filed an extension, your tax return was due August 15th for federal income tax returns. The due date for state tax returns vary from each state. You can call your state income tax return department or look in your state income tax guide for the due dates.


MeInUSA
Just file it and pay the penalty....here is what the IRS says:

http://www.irs.gov/businesses/small/article/0,,id=108327,00.html

If you owe them money you will have to pay a small penalty, if they owe you money they are fine .. they don't mind having the use of your money a little longer. File it ASAP. Go get a program called TAXCUT from Office Depot or Office Max ...you may even be able to find it at Walmart ... and then you can follow all the steps in the program and file it... it will even take you through the stepst to pay the penalty. Otherwise go to a tax prepare like H&R Block and have them do it.

Good luck


mannan_malar
Dear ,

There is no problem at all.

You find an auditor and he will charge Rs.350 to Rs.300 as service charge and he will file your returns.

The penelty charges may not be there and if at all they levi it will be very minimum.

For your information I have filed IT for the past 2 years last week only.
No issues & Complications.

Since money comes to Government & you are Volunterily disclosing there will not be any problem.


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