 So, do we have to pay an income tax? |
| I just watched this video about how there is no law stating that we have to pay an income tax. What does that really mean? We all know that if we don't pay taxes, we go to jail. Netters, what is ... |
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 If I paid a portion of my college tuition with a check, can I use it as a deductible on my taxes?? |
| Also, if I made about 11,000, paid 2,000 in taxes, and claim myself, do you think I will get most of that 2,000 back??... |
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 I have not paid taxes to the Federal Government in over three years....what should I do? |
I have paid state taxes but been a little late in paying for my federal taxes...help!
Additional Details
I have not paid my federal but have paid my state.
I know I owe over $10,000... |
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| Can I still file for 2006? |
| I'm the worst procrastinator. Call me a dummy but I knew I was going to be getting money back from the Feds so I just filed for the Extension so I could file after April 15th. However, the ... |
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 Will I get a Tax Rebate check in May? |
Hi,
I filed last year for taxes but only made $1200....will I still get the tax rebate check President Bush is talking about?
T... |
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 Ex employer wont give me my P45 |
I left them on 30th june started a new job since, however, I have had to fill in a P46.
I had to call them and ask where it was, they said they sent it on 30th June.
Then I ... |
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 Am I still claming Exempt on W4? |
I claimed exempt last year on my taxes, and ended up owing. How do I know if Im still claming exempt? On my paycheck the deductions are:
Fed MED/EE 43.68
Fed OASDI/EE 186.75
CA W... |
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 Can you file income tax on self-earned income? |
| Can you claim money earned from self-employment, such as babysitting, or is this non-taxable income?... |
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 Turbotax??????? |
| Does that work good? does it make you more money?... |
|
 How to file a joint tax return? |
| My husband and I were married this year. He wants to make sure that there is nothing we need to do to be able to file jointly. My boss said all I need to do is change my name at the social security ... |
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 I started a home-based business earlier in the year and it never took off, do I have to file taxes on it? |
| I do have some start-up costs associated with the business; license, equipment, etc...can I claim those as a loss or what exactly should I do since I didn't make a single cent?... |
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 If I let my ex carry 1 of our children this year will he get the rebate for her or will I? |
| He carried her last year 2006 taxes but I don't want to give up the credit AND the rebate!... |
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 Do i have to register? |
| i braid hair, extensions etc. if i wanted to start charging people would i have to register this or can i do this at home without upsetting the tax man? do i have to get a certificate to prove i can ... |
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| Can i challenge my £60 tax fine? |
| I received a fine for £60 for having no tax, but i did have an up to date tax disc on my windscreen, although it had fallen of and i didnt know. As i have evidence that i had an up to date tax disc ... |
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 Are Remitances Tax Deductible in the US? |
Hi Folks,
Just wanted to know if I can use any money I sent overseas to family can be used as part of my Income tax deductibles?
Thanks.
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R... |
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larrysi7 | I know someone who overstated their income on their tax return to get a higher EIC. Wil the IRS find out?.? |
He only made $2000 and put $3000 on his return for a little more money |
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misskenzie12
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If this person works for cash and not on a W2 probably not. Unless the IRS decided to audit him. The chances are actually very slim with an imcome of only 3000. Why would the IRS take the time to audit him over that kind of refund? |
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SDD
 |
Since what was done was illegal, I certainly hope so. |
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Diane
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Not if he is self employed but if he changed a W2, they will know. When you get yours, notice you get copies B, C and 2. Copy B is to file with the federal return, C is for your records and 2 is for the state. Guess where copy A went? To the IRS. |
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jenluvsdrew
 |
Yes a copy of the w-2 goes to the IRS with the tax return. when the numbers don't match up it will send up a red flag. |
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Karen Be
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doesnt have a w-2? |
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The Answer Man
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The IRS receives copies of all forms W-2 (for wage earners) and 1099 (for independent contractors that usually get paid in cash) that are issued to taxpayers. When processing a return at their service center a red flag will be raised if the amount being claimed as income does not coincide with their records. Often this might be resolved with a correspondence from the center asking the taxpayer to mail in documentation to support their income. Other times though, especially if the amount is large, it will warrant an audit. If an audit takes place, not only will the taxpayer have to pay back the credits if they cannot substantiate the inflated income but they will have to pay interest and penalties. Interest accrues from the time the return was supposed to be filed and since the IRS has a three window to audit a return you could be paying three years worth of interest compounded daily at approximately 8%.
If the IRS finds that you misused the EIC you will not be able to use it for 2 years and if they feel it was fraudulent you will loose it for 10 years. After the time period you have to apply for approval from IRS to be able to claim it again. |
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Steve
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They could if they decide to audit him. Otherwise, I doubt it since his income is so low. |
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branjo_70
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The IRS will probably question it. Who can support a child on $2,000, much less the $3,000 he reported on his tax return? |
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