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 Why no taxes taken out?
i have been at my current job for over a year and just recently got my w-2 and noticed on there that they did not take any federal or state taxes out so i called the district office where i work and ...


 No NI contributions deducted?
Hi, i have got 3 part time jobs and i don't pay any NI contributions. Is it right? What shall i do?...


 Earned Income credit $2941 in interest income, no credit?
Filing my 2007 return. I only earned $15,300 this year. Have $100,000 in savings that earned me $2941 in interest income. Worked the EIC worksheet and it said I do not qualify for the credit!! Had I ...


 How do i get out of paying capital gains tax?
...


 Is it better to pay the high fees for H&R Block, or file free with the IRS?
I know you probably won't get as much in deductions from the IRS, but in the end which is the better option?...


 Change on dates for tax stimulus refund??
Has anyone heard that the dates were changed and moved to a sooner date as to when the refund checks would be mailed?
Can you provide a link if you have one??
thanks!
Additional D...


 Why are bonus checks taxed at a straight 42%?
Whenever I get a bonus check it is taxed at a straight 42%,does everyone get taxed this amount on bonus checks and why?I believe the IRS gets 25% while the rest goes to state,city and ss.
A...


 If i buy something for 399.99, how much is it going to be with tax?
...


 Taxes: I spend alot of money on gas. Is there a way to get some money back?
I saved a bunch of receipts...

i drive 110+ miles a day to work, spend about 300-400 dollars a month.

can i get money back???...


 Employer does not withhold anything. Is she supposed to?
I am starting at a new hair salon in ohio. she is keeping 50 % of my services, plus $10 for maintaining equipment. She is not, however, withholding any taxes, social security, or anything. If she ...


 Does child have to claim social security survivor benefits?
My teenage son gets survivor benefits from his mom's death. The benefits are attached to his social security number. He worked part time this year, so it will be his first time filing an income ...


 Tax return question?
I am a 19 year old student, i made $7800 last year.
447 withheld in federal income tax
482 withheld in social security tax
112 withheld in Medicare tax

how much am i ...


 Does anyone know what time the stimulus will deposit Friday?
Our small local bank processes electronic deposits first thing in the morning so if the IRS is depositing Friday afternoon it will be Monday before it is credited to our ...


 Question about direct deposit tax refund?
Hi. I mailed my taxes in about a month ago. I didnt do them electronically. I checked the "Wheres my refund?" website yesterday and it said they have received my forms and are processing ...


 Can I deduct milage on my income tax return?
I am new to the field of merchandising. I travel to various stores within a 50-100 mile radius, stocking and servicing different products. I travel anywhere between 30 and 200 miles per day. Can I ...


 Labours tax fiasco. Will there decision to scrap the 10 per cent rate cost them the election.?
The cleaner who i see briefly in the morning said she would be 30 pounds a month worse off.
I said funny that i am white male and single and earn 30k a year and will be 30 a month better off ...


 Can I claim my 2 kids on my taxes even though I don't work??
I am a stay-at-home mommy of 2 and was wondering if I can claim my 2 children even though I do not have an income. My boyfriend that lives with us works, but he owes the state ALOT of money so he ...


 Will my govt rebate check go to my ex wife for back child support or will i get it?
please only serious ...


 Can you claim a pet on your tax return as a dependant?
It is dependent on you for everything; you buy it food and clothing; you take it to the pet doctor (vet); when you travel, you buy them a ticket. So, if pets are dependants, they should be claimed so ...


 Can a person on disability get a stimulus check w/out filing taxes in 07?
...



sarah b
If I get 1099 for a short sale on a rental, what if I can't afford to pay the IRS?
Short Sale on a Rental Home 1099
                     
 




chatsplas
. . . .then you better come up with half the amount and enter into a payment plan with IRS. . . start saving NOW. . .you have until 4/15 to start paying. . .good that you're thinking ahead. . .you got the benefit of the money, bank got less than it loaned you, you owe. . .

IRS will chase you down, so better to deal with them and minimize the costs of penalties and interest

EDIT: Scully is WRONG--an extension is an extension of time in which to file NOT an extension of time in which to pay


src50
Then you will be in trouble. The forgiven debt is considered taxable income.


Judy1
Rating
Then you'll owe them, and interest and penalties will keep accumulating, so try to set up a payment plan and get it paid off as quickly as possible.


travelguruette
You are going to need to see a tax preparer. 1099 C is taxable if it is a recourse loan only. If this is the original acquisition debt then it is most likely a nonrecourse loan. If it has been refied then it may be partially taxable. There are too many factors to put here. Is this a debt that you could walk away from and they would only take the property?


sacmen4fun
You'll have to make payment plans with the IRS. There are a ton of changes happening. Don't worry about it till ya get 1099'd


v b
Rating
You will probably be okay--after all, you will have a loss on the property and unlike the sale of your home, that loss *is* deductible.



scullycj
Rating
File an extension, this has to be done by Apr 15,
bottom line you have to pay it.. You may be able to work out a payment plan with the IRS


pencil
Rating
Call 1-800-BER-NANKE or if that's busy, try 1-800-TRY-BENB


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