 Inheritance Tax...Good or Bad? |
| Air your views on inheritance tax, personally, I hate it, but you might not feel the ... |
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 Is Social Security being fazed out as we speak? |
| As anyone on Social Security will tell you even though they get a bit more money each year it is far less then the cost of living. So yes the Federal SS system instead of being cut off at once is ... |
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 Anyone Recive their Economic Stimulus Payments? |
| I was wondering if any one in the 21-75 (last 2 of ssn) has recived their Economic Stimulus Payments yet by direct deposit. The Irs website has a thing were you can check where it is like you can ... |
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 If you sell an item on Ebay for a large amount of money will you owe the IRS anything? |
| My friend who has lots of experience selling small items on Ebay is willing to help me sell an expensive timepiece on Ebay for a small commission from me.We know that Ebay and Paypal both will deduct ... |
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 How long do i need to keep my tax return files? |
| I keep all the tax returns since I started working but they are piling up and I wonder how long do i need to keep these files in case of an audit?... |
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 If i make an error on my taxes will the irs fix it? |
| i believe i made one. i claimed more than allowed under tuiton and i already sent it in.... |
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 I heard a rumour that "everyone" will be getting an extra tax refund this year in the USA. $600? True or False |
| A few different people have told me to expect an extra $600 in addition to whatever I shelled out in Federal income tax this year. I am married, filing jointly, and my husband didn't work last ... |
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 Housing and Council Tax Beniffits are sending around Baliffs if I do not pay £1000 were can I get a loan? |
| My Benifits were stopped for 1 week last year and I filled in an Automatic Reclaim Form thinking, as I was not informed otherwise, that I did not need to reapply for Housing/Council Tax Bennifits and ... |
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 If I take a job in the UK that is 60k per year, how much will I actually take home each month? |
| Am just about to move back to the UK from Dubai which is tax-free and am wondering how much money I will actually ... |
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 Why am I getting a lot less tax refund this year? |
| Our income has been the same for 3 years, and we even gave/ itemized an extra $1000 this year beyond the prior 2 years. We didn't jump into a new tax bracket, and we continue to have "0&... |
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 If I make $170,000 annually, about how much would I have to pay in taxes? |
| First time doing taxes, 19 years old, New York City, Web design job...... |
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 What happens when 2 people claim the same child on a tax return? |
| We have court orders stating that my husband and I can file for both of my step sons on our tax return, b/c we are not getting any support from their mom. We got a call from out tax man stating one ... |
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 Taxed on bank account, is this legal? |
| can anyone give me advice on what to do with my bank please, last 4 months ive been getting taxed on my account, is this normal? not alot, no more than £5 but why should i be taxed on my account ... |
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Tracy P | If I owe back taxes will the IRS keep my stimulus refund? |
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Clare
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The IRS has made it clear on their website that offsets are to be treated for the stimulus rebates the same as refunds are treated.
If you owe back federal or state taxes, they'll deduct it from your rebate. The same is true for child support in default and student loans in default.
That info is right on the IRS website. Here's an exact quote from the FAQ page for the stimulus rebate:
"Your payment may be less than the maximum for one or more of the following reasons:
You are single and your net income tax liability is less than $600. If you file Form 1040 net income tax liability is the amount shown on Line 57, plus the amount on Line 52.
You are married and your net income tax liability is less than $1,200.
You are single and your adjusted gross income (AGI) is more than $75,000. On Form 1040, AGI is the amount on Line 37.
You are married filing a joint return and your AGI is more than $150,000.
You owe back taxes. ****
You have non-tax federal debts such as unpaid student loans or child-support obligations." |
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oh my stars! *********
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Yes! |
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La Vie Boheme
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Yes |
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Lady J
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but of course |
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Gary
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What do you think? And it is "Yes" they will. |
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bobubanks
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yes |
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LoveDogs!
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I am not sure about everyones answers here.When it first was out on the news it was called a "rebate" not a refund and it said everyone would get one regardless whether they owed taxes or not ! I would just wait and see, alot of people are speculating about this topic ! I have done my research.... |
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bostonianinmo
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If you owe back Federal taxes of any type or State income taxes then your refunds and any rebate will be applied against your tax debt. If you owe LOCAL taxes or State taxes other than income taxes then your refunds and rebate are safe from capture. |
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Ms. Angel..
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Of course IRS will keep their money, which is a good thing because you will be available to lower the amount you owe. |
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MACprincess♥
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Of course they will!! That goes for back taxes, student loans and child support |
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zanilth1984
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Probably. They can, at the least. Whether they will or not is up to them. |
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velocityfirst
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No, as long as you file your return for 2007, they have to mail your check to you. If you owe for 2007, they still have to send the check. |
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