 Do Americans pay income tax out of patriotism, 'cos they sure don't have to by law? |
http://video.google.com/ Details
This is a full feature film, but watch it if you hate paying income tax. You'll be ... |
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 My parents claimed me on their taxes & screwed me out of my $1200 return to save them $4000. What should I do? |
| My mom is and has been unemployed for 2 years, so my stepdad and I are the only ones working. My stepdad is a self employed truck driver, who has to pay into estimated taxes every quarter...pretty ... |
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 How long do I have to keep past tax returns/records? |
| How long do I need to keep the records from a tax year? How many years after filing is an audit by the IRS possible?... |
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 How much is $249.99 plus tax? |
| tax where i am is about $0.08... |
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 How would a person file taxes this year if they haven't filed in over 5 years? |
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will there be any penalities to pay for not filing the previous years?... |
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 Do I need to file? I heard if you are single and make less than a certain amount, you don't need to file taxes |
| Is this true. I am 27, and single, I did not make much last year because I was disabled from a car accident. I was not even able to collect disability, the insurance company did not pay out. I had ... |
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 Does anyone know if you get the irs rebate if you owe taxes? |
I was just wondering....can't seem to find it written anywhere....
T... |
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 I checked the IRS webcite for refund status? |
| The last 2 numbers of my SS# are 32. There is no information for me. Is anyone else having this issue? I'm getting nervous.... |
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 How old do you have to be to pay taxes? |
| If you are under 18, but have a job, do you start paying taxes? Is their a certain age?... |
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 Since changing my electricity account over a year ago i have never had a bill. Really worried.? |
| I have rang and asked on a couple of occasions but have still not received one. What should I do?... |
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 Can I claim all my children if I have custody 55% of the time? |
| I was told by a friend if I have custody of my children any amount over 50%, I can claim all of them on my taxes because I would be head of household. Is this true? No child support is in the order.... |
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 WHy haven't I got my taxes back? |
| I filed my taxes way back in february and I still have not got my taxes back, whats going on!! I'm only 17 and im not getting much back, like a little over $300, but money is money. And my uncle ... |
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 I work for an independant contractor who pays me under the table. How should i pay taxes on this? |
| He claims that since he pays taxes on the income earned from each job that the money he pays me does not need to be taxed any further. Do I really not have to pay taxes on this?! Seems a little odd ... |
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 Why do so many french people stink? have they not heard of deodorant? |
Additional Details
NO, Really, I TRAVEL TO FRANCE, SPAIN, ENGLAND, ITALY, SWITZERLAND ON BUSINESS SEVERAL TIME A YEAR. THE FRENCH ORE THE WORST, THE THE SPANISH. I HAVE SAT ON A TRAIN NE... |
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 Is there a way to completely avoid social security and medicare taxes? |
| Since I will not be drawing any social security, I am looking for a legal way for a w-2 wage earner or a self employed person to not have to pay in FICA taxes.... |
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stollensilverchevell... | I just realized my company didnt take federal taxes out of my check what should i do? |
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RY33
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You mean for the whole year or just one check?
If one check contact your payroll dept and find out why. In fact ask your payroll department questions. Not yahoo Answers.
If you mean the whole year that is a problem. Did you mark yourself as "exempt" or with some crazy high amount of deductions on your W-4? You're not allowed to have more deductions than you actually entitled to.
If you owe taxes you can deal with the IRS and arrange to make payments.BUT they will charge interest. Don't wait for this to become more of a problem. You do not want the IRS coming after you.
Send in what you can as a quarterly payment by Jan 15th. The sooner you get started on this the better you'll be.
Figure you'll owe about 18 percent of your gross wages.
I hope you weren't counting on a refund check! |
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waggy_33
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If you can't get them to fix this through withholding you will need to make an estimated tax payment. You will probably be assessed a 2210 underpayment of estimated tax/withholding penalty. In order to stop the running of this penalty you need to make an estimated tax payment to both the IRS and your state. You would use form 1040ES for the federal payment. Your state will have a similar form. The 1040ES can be obtained on line at IRS.GOV., your state should have a similar offering.
I would not pay the penalty with the return when you file. I would wait until IRS sends a notice and then ask for an abatement of the penalty based on reasonable cause. The cause being that the employer did not withhold federal tax and that upon this realization you make an estimated tax penalty.
Assuming that your income for this year is the same or more than it was for 2005 your estimated tax payment should be an amount equal to your 2005 tax liability. If your AGI is above $150,000 then the estimated payment should be 110% of your 2005 tax liability. Your tax liability for 2005 is the total tax before withholding and other payments. Good Luck! |
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Judy1
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Talk to them and ask why. Possibly they entered your W-4 info into their system incorrectly, showing you as exempt. Or if you're working as an independent contractor (on a 1099) then you should have been making quarterly payments to the IRS for your taxes.
In any case, I'd suggest figuring out what you're likely to owe, and making an estimated payment by January 15. This might help you avoid penalties and interest when you file your return if you owe a lot.
If this has been going on all year or for a long time, didn't you notice that your paycheck was higher than expected? |
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mario_giordano
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You have two options. You can send in a check to the IRS for the amount (be sure to include the apppropriate form that you can download from their site) or you can just wait and end up paying it when you prepare your tax return. One way or the other, they will get their money. It's up to you whether you want to give it to them now or later (you get some interest on your money this way). |
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iturnrocks
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Start saving for tax time. |
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Holly W
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Go to HR and fix the problem. They'll probably end up deducting it from one of your future paychecks to even things out. Otherwise, You'll end up paying an assload during tax season! |
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alikmal
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It's not the end of the world, though it's illegal for employer not to take income tax unless you earned really not a lot of money say $10K for the entire year, or you self-employed and they surprised you with form 1099 in january then it's going to be a real pain. Anyway, you gotta come up with money at the time you file and prepare for possible penalty for underpayment on the top of the taxes |
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Just here.
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Well, Cry would be my answer too. Start Saving for income tax time! |
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spot
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Ask them to correct the mistake. If it has been like that for the entire year even if you gave them W-4, the company could get into trouble and you could face some penalty (may not if you didn't make that much). |
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cristanine
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Bring the mistake to their attention in Human Resources, and that is a done deal. |
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John Scary
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CRY |
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jpgregory2001
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Are you talking about for this whole year, or just a recent job? It may bite you in the "butt", but I'd check into it - because your going to have to pay them one way or another - now or later. Whom in the world is doing your payroll? |
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Barbara Jean
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Contact your Human resources department immediately to complete W4 and state withholding forms.
Generally, in situations such as this, the employer is not considering you to be an employee. Rather, you are being treated as an independent contractor (self-employed person). If you cannot resolve this matter with your employer, and if you feel that an employer-employee relationship exists, you should submit a Form SS-8 (PDF), Determination of Employee Work Status for Purposes of Federal Employment Taxes and Income Tax Withholding. The factors used to determine if an employer-employee relationship exists are covered in Chapter 2 of Publication 15-A (PDF), Employer's Supplemental Tax Guide.
If your status as an employee is not at issue, it may be that you are in a category of employment whose earnings are not defined as wages under U.S. federal tax and social security law. Find out from your employer the reason that social security and Medicare taxes and income taxes are not being withheld from your pay. If you have further questions, contact the IRS at 800-829-1040 or visit an IRS walk-in office for assistance.
References:
Form SS-8 (PDF), Determination of Employee Work Status for Purposes of Federal Employment Taxes and Income Tax Withholding
Publication 15-A (PDF), Employer's Supplemental Tax Guide
Publication 1779 (PDF), Independent Contractor or Employee |
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lanore
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Be prpared to owe the government a lot of money |
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NONAME
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pay the taxes |
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