 Why register for VAT? |
| Apart from businesses having to register for VAT if their turnover is over £61000, what are the benefits for registering if you dont have to?... |
|
 I AM GOING TO BE A FATHER IN THE END OF NOVEMBER. I AM WONDERING IF I SHOULD CLAIM MY CHILD AS A DEPENDENT NOW? |
| MY QUESTION IS THAT I MAKE MORE THAN MY WIFE. SHOULD SHE CLAIM OUR CHILD OR SHOULD I? WHO WILL GET MORE BACK WHEN FILING FOR TAXES?... |
|
 How can a non-custodial parent claim child on taxes, if child support is up to date? |
my son lives with his mom, all the time. i have visitation, she stopped letting me see our son.
she is contemp. my attorney said i can claim our
son each year as long as my support is up to ... |
|
 Can I claim my girlfriend as a dependent? |
Hello
This might sound stupid but, can I claim my girlfriend as a dependent. She has been living with me the whole year, she is a student, she worked for like 3 ½ moths part time at the ... |
|
 How much will I make a check getting paid bi-weekly living in Maryland and making 30,000 per year.? |
| I just began a new job making 30,000/ year. How much I will make on a biweekly check. I'm single w/o kids. I would like to have more in my paycheck rather than get a big refund at the end of the ... |
|
 Can I claim money sent overseas to family as a deduction? |
| Granted, said family members do not live with me. If such money couldn't be claimed as a deduction for supporting family, can it be claimed as a deduction for charity?... |
|
 Do i need all W2's? |
My wife and i are filing jointly do i need to include her w2s if i made more then her and she did not work all of 2007?
Additional Details
sorry worded it wrong she worked part of 2007 ... |
|
 Do illegal Immigrants pay taxes? |
Im doing a report and thought someone would know
Additional Details
All of the websites i am seeing say that illegal immigrants do in fact pay taxes but all of these people say they don&... |
|
 I see advertisements to settle back taxes for "pennies on the dollar". does this work or is it a scam? |
| i live in california, and know i owe back taxes. i'm divorced now, but my my tax filings for 2004, 2005 were messed up by my ex, and i didn't file in 2006 because i didn't want to get ... |
|
 Unexpected deposit from the irs? |
| i have already recieved my income tax refund (state and federal) a couple of months ago. the other day there was a deposit in my account for several hundred dollars from the irs. could this have ... |
|
 When are taxes paid with a roth ira? |
| Suppose I start a Roth IRA with money that I have saved. I have been told that interest(s) earned from the Roth is taxable, but the rest of the money invested is not taxed since I used tax paid ... |
|
 What to report on stock proceeds for Tax filing? |
| I just received my 1099 from my online broker. I'm not sure what to report on gains so please help me. For simplicity, I bought stocks at $2500, and sold them for proceed of $2800. My profit ... |
|
|  |
Kristina L | If a person doesn't file taxes, but doesn't owe the IRS additional money, what are the chances of a problem? |
Yes, she is required to file based on IRS requirements, but if she doesn't owe money will they really come after her? |
 |
 
SG
|
They'll probably send a letter....if the IRS computer calculates that she has a refund based on information they have from W2's, they may drop it at that.
Why would she not file? 1) she's required to, from what you said, and 2) the odds are slim that her tax due is exactly zero. She either owes money that she should pay, or she should file to get the refund due to her.
< edit >
And there are no penalties for filed returns that have a refund, unless the tax itself was paid after April 15th, and the return filed even later. |
|
Gary
 |
There is an income requirement when filing taxes. For example, a single person with no dependents has to file taxes when income exceeds $8,750. So let's say that you made less than that, you would not have to file. Now, here is something that some people do not realize. Even thou some people may not be required to file, you have to file a return to get your tax withholdings back, plus possible earned income credit. Also, for 2007, you have to file in order to get a rebate check. So why wouldn't a person not file? If a person is required to file, they better file. The IRS may be slow but they will eventually catch up. |
|
Judy1
|
Usually not. If she sold stocks or something like that, there might be a lot of paperwork to explain why she doesn't owe anything.
Other than that, while technically she's required to file, they aren't likely to come after her. |
|
AAK7
 |
File. |
|
Ms. Angel..
|
Owe or don't owe IRS doesn't know that. A tax return must be filed, if not in a couple of years a letter (ASFR) will be sent out telling you that if you don't file IRS will file for you and you will owe, because they will file the return As Single, 1 exemption and standard deduction.
So if money is owed or not file anyway even if it is a $0 return. |
|
wartz
|
There may be a proposed assessment based on reported income with tax computed at single rates and standard deduction. This can produce a bogus balance due which will have to be dealt with one way or another. |
|
ray z
|
yes. even if you do not owe money, you are required to file and if you don't file, they will catch you and fine you.
when i was younger and more stupid, i did not file on year, since the irs owed me 40 bucks and if figured, "whatever". two years later, they sent me a letter and fined me 100 bucks for failure to file. no interest, since i did not owe anything, but a penalty that was greater than my refund.
sounds messed up and it is, but it is the way they do it. |
|
abfabmom1
 |
Well, they'll apply penalties (and then interest on the penalties) until she files. These will be taken out of any return she was due to receive.
If she has filed in the past, the chances are about 100% that they'll at least send her a letter saying that they're aware she hasn't filed, and the letter will list out what the penalties and interest rates will be.
What would be the point of not filing, if she doesn't owe? |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 10 minutes(s) ago
| | | |
8 | 11 minutes(s) ago
| | | |
8 | 39 minutes(s) ago
| | | |
8 | 45 minutes(s) ago
| | | |
8 | 47 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
8 | 5 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 3 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
