 Is £10000 a year a good starting wage for an 18 year old?? |
£10000 is my starting wage as a trainnee... is this a good wage for an 18 year old??
Additional Details
im a trainee shipping agent
and the money will deffo go up
am living ... |
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 Why Do People Tell Us We Can Only Claim 2 Children? |
My husband and I have 9 children together. People are always teasing us about allowing them to claim some of our children on their taxes because (they say) we can only claim 2 of them anyways.
F... |
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 Does anyone know when you usually get back your federal income tax return? |
| We sent it in a couple of weeks ago, and we marked it so that it would be direct deposit.... |
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 Is there a reward for info on Tax Fraud? |
I was informed that there is a reward from the IRS if you inform them of a person performing Tax fraud. If this is true what kind of reward, and what is the process?
Additional Details
F... |
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 Economic Stimulus Rebate:How could I inform IRS,I didn't receive it yet? |
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 Who agrees that junk food should be taxed heavily like cigarettes? |
compare junk food tax to cigarette tax
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 How can I get less taxes taken out of my paycheck? |
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 Full time to Contractor? |
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 Are taxes going to make me poor? |
| I just really learned about taxes now and I plan on making a salary in between 100k-125k. Now it says there is a 15890 dollars or something plus 28% of everything over 77000. IS that going to make me ... |
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 What's to keep me from claiming my daughter on my taxes? |
her mother all ready has but technically has no parenting place or legal arrangement for her to take that right.
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 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 ... |
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facethefacts | I didnt file taxes for 2006. My W2 said that i can get a refund of 200. Should I have filed? |
What will happen if I decided to file for 2007? Also, I'm a college student
Additional Details
Also, my parents claim me as a dependent, so do i still file |
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PepsiLime
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2007 has nothing to do with 2006, they are two separate tax years. What you need to do is file your 2006 tax file, that is the only year you can get the $200 for. You should also check out your state state situation (if your state has a state income tax), you might get a state refund as well. And the people who are saying that your refund will be eaten up with late fines and penalties are incorrect. There are no fines/penalties when you are owed a refund. |
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ninasgramma
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Your student status has no bearing on the answer to your question.
Not everyone is required to file a tax return. If you are a dependent (probably of your parents) with only wages for income, then you could earn up to $5,150 in 2006 and you would not have to file a tax return.
If you made over $5,150, you must file. If you are due a refund, you will not be assessed a penalty.
If you made under $5,150, you must file if you are going to get a tax refund.
You will have a possible problem when you file for 2007 only if you were required to file for 2006 and did not file a return.
So, file that return. |
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Judy1
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Only if you want your $200 - and I never knew a college student who couldn't use an extra $200! Download form 1040EZ, fill it out and send it in. And geez, so many answers with wrong info - if you have a refund coming, then you won't be charged any penalty for late filing.
Warning: A W-2 does not say whether you have a refund coming, or how much it is. Although if you know your income was below the amount where you would owe any tax, then you'd get back whatever it has for "federal withholding" |
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wizjp
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If you have money coming back, you're crazy not to file. IN any case, you should get it on record before they come looking for you. |
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Celeste
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Your W-2 only indicates wages earned and taxes withheld, that does not mean that's how much you'll get as a refund. You have to fill out a tax return first.
You should file and find out. No matter how big or little, if you overpaid, it's your money, why wouldn't you want it back?
You also have 3 yrs. from the deadline to file for your refund. |
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Oh Boy!
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Guess you didn't need $200.
Yes, you should have filed. |
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r_kav
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File for 2006 now. |
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Steve
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If you want to get your refund, then file your taxes. You are not required to file a tax return but it is in your best interest to do so if you are ever audited.
Since you are getting a refund, there won't be any penalties since you don't owe tax. |
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bushnellparty
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Everyone that has already responded are perfectly correct. The only thing i want to add is that your W2 doesn't show how much you will get refunded. There are many things that go into calculating a refund. The W2 is just a blanket statement of your wages and taxes with held. If you are a college student I doubt you met the minimum to be paying taxes anyways, so THEORETICALLY you would of gotten your taxes paid back, however, it's to late now and you will to file because you dont want to be red flagged by the IRS (FYI: If you were working at a reputable company they already sent in the tax information regarding its employees in 2006 so it's not like you can just dodge the IRS).
FYI#1 "And even if you don't owe, not filing could cost you. There's no penalty for not sending in a return if you're due a refund. But if you wait too long to file, you may risk losing your tax cash. The deadline for claiming refunds is three years after the return's due date." -IRS website
FYI#2 When you are filing check with your parents. They probably claimed you as a dependent on their forms (it saves them some money), so you CAN NOT claim yourself on your forms. You will get a nice ole letter from the IRS saying that someone has already claimed your SS# (happened to me in college). |
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greysfan
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If you get an income, the law is you have to file taxes every year. They can garnish your wages, throw you in jail, fine you etc.Remember Al Capone? I would file the taxes and call irs to see if they haven't added interest, they do this sometimes. If you wait you might not have a refund. Good Luck! |
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Landlord
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It is illegal not to file, even if you don't want your refund you have to file every year.
Go ahead and file now. Your refund is history, it will be gobbled up in late fees. But, you will have it done. They keep tacking on fees until you file and they can go back 10 years, which means you will have to worry about audits until 2017 if you do not file. |
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lunatic
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You do know that you will owe a penalty for not filing if you met the criteria for required filing?
You might as well file late now rather than paying more in penalties later. Perhaps your $200 refund will cover it. |
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