 Owe back taxes, will this work? |
| I received a letter from the irs stating that i owed them money- like 1100 from 2006. i didnt report my unemployment. my question is can i use a tax service like h&r block etc to file for me this ... |
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 Has everyone who was supposed to get their tax rebate check by direct deposit received it as scheduled? |
| We were supposed to receive ours by direct deposit May 9 according to the IRS schedule but it hasn't shown up yet. I'm curious to find out if the tax rebate checks are late in being ... |
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 How to know the VAT before of £100? |
I have a invoice total for £100 pounds incluid VAT.
so I need to know how much I pay for VAT.... |
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 Any Tax Professionals out there? |
| OK, I am itemizing this year since i just purchased a home. What i need to know is, what part of my closing costs, if any can i deduct (besides taxes and interest). Also, can i deduct my medical and ... |
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 W-2 form and tax problems...please help!? |
| 'm a nail technician (manicurist) and I've been working for about 2 years. The problem I'm hearing from friends outside of the business is that I need a W2 form from my employer (which ... |
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 I am working 20 hours i need at lease 25 hours to live on and my employer as not mentioned any overtime to me, |
| but know some of the employers that have been threre a long time get overtime. how do i get round to putting this to my ... |
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 Can someone besides the biological father claim my daughter on their taxes to get that chunk of cash back? |
| My fiance and I have been living together for a year and a half now and he has taken the father role of my 20 month old daughter, so he helped me take care of her all last year and lived in the same ... |
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 Can I deduct everything I've bought for my uniforms and other stuff they made me buy in basic training. I'm |
| in the Army and I've spent at least $1,000 on stuff for my uniforms and dress clothes and need to know if its tax deductible. I have all the receipts and I'm single and only claim 1 at the ... |
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 Stimulus payment games? |
| according to orlandosentennial.com,those that used turbotax to file their taxes and had the filing fee deducted(such as myself),will not have their payments direct deposited.is this true? instead,... |
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 Going from a weekly paycheck to a bi-weekly paycheck. will i be bringing home the same? |
| after being paid weekly for over 4 years they have decided now to pay bi-weekly. my question is am i going to see a difference in what i am bringing home?i work 40 regular hrs and about 15 overtime ... |
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| How much does a tax preparer make during tax season? |
| I'm trying to decide if it is worthwhile to take a local course to prepare income taxes just during tax season. T... |
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 Tax Rebate? |
| Does anyone know when we can expect to get this money? Or has anyone already gotten it? I had heard the rebates would be showing up sometime in May so I'm looking for it every day. I am so ... |
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 Should my brother file for a tax return if he only made $6700.00 last year? |
| He is single and not a dependent. (he was taking classes at the university)... |
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 IRS need attorney for taxes repay? |
| received a notice to repay but do not understand when HR block did my taxes, and I did not recieve my returns until Oct 2008... |
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 Stimulus payment? |
| has anyone received there stimulus payment with there last 2 ssn 23 ? my sister got hers a week early and i still have not received my "free money"!... |
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 When I retire, will I get taxed on my private pension when I claim my state pension? |
When I retire will I have to pay tax on my private pension when claiming my state pension.
I have no other income or ... |
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carmen r | I just received a letter that i owe taxes 2006, i haven't replied yet, will they take my 2007 taxes? |
when i filed my taxes in 2006, i filed before i recieved paper work from my 401k where i had revieved money, anyway i have till beginning on february to respond. Will they take my 2007 taxes. |
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trixibel
 |
what they will do is hold what you owe out of your refund for 2007. |
|
CB CPA in TN
 |
You don't mention how old you are, but if younger than 59 1/2, you'll owe a 10% penalty tax on the taxable portion of the 401K PLUS regular tax. Generally speaking, the 401K distribution had 20% withheld.
So, you may not really owe anything AND could possibly have a refund(no way to know without the details of your 2006 tax return.) If you used software to prepare your return yourself last year, then plug in the 401K details to your program and see how much more/less tax is on the new return vs the one you filed. This may help relieve your stress worrying over whether the IRS will keep 2007.
The short answer is that if you owe tax, then your 2007 will be held up until you clear up the 2006. If you didn't do your own return last year, consult with the person who did prepare it for you. They can help you answer the letter.
Good Luck!
http://www.TaxEfilers.com |
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Cam S
|
It's quite possible that your refund for 2007 will be levied (kept) by the feds. Simple advice: contact a prof. tax accountant/attorney before you respond to the letter.
If it turns out you really do owe for '06, you can negotiate a payment plan w/ the gov.
Good luck. |
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Bradley's MoM
 |
Yes. |
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travelguruette
|
You can file an amended return and pay any taxes due if any. Was it a distribution? Rollover? How old are you? If you need help you can get an experienced tax preparer to help you. |
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wartz
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If you expect a refund on your 2007 return, you should file it as soon as possible. This is because IRS will apply your refund to what you owe as of the date the return is processed or April 15, whichever is earlier. You will save on late payment penalty and interest if you file early. |
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goesquicklyenjoy
 |
yes ,until they have the amount you owe. |
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Denise C
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Because you just received notice and have not replied, you will receive your 2007 tax return. You should file right away before contacting them about your letter. You should also receive your 2007 tax rebate check.
There was a time that I was audited and I still received my refund. The reason I still got my refund is because I still had a chance to dispute it and prove them wrong.
For 2008 taxes, you will have what you owe deducted from your refund. |
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