 Why do they tax my overtime? |
i work hard all week, and too try and get ahead i stay extra, but all my extra time in goes to UNCLE SAM!
you already get the steady fourty taxed, and were taxed in everything we do, so i ... |
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 401k penaly tax? |
| I withdrew 22k from a previous employer 401k during 2007 to refinance my primary home. I had a 3yr ARM balloon and would have headed into foreclosure if I didn't refinance. Since I wasn'... |
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 My mom wont help me with my taxes? |
I'm 18 years old and i got my w2s in the mail in january. Here it is almost April, and she keeps telling me she's going to do them. but shes not. i just want to do them my self.
... |
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 Did the irs change the date when w-2 are mailed out?? |
| I was on the irs site and it said that the w-2's were pushed back and that they weren't going to began being mailed out till jan 31st.. Any1 living in Philadelphia Pa and has recieved there ... |
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 Paper tax return need to send it don't know the address.help!10 pts best answr? |
Need to send my paper tax return and don't know th address where I should send it to.anyone can tell me please.
it's the first time I do this.
thank you
Additional D... |
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 I electronically filed for my taxes online last year but no returns? |
| I filed for my taxes on tax online or something like that last year but i didn't get any returns i had a change of address i didn't get no money or papers saying i filed wrong is there ... |
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 Has anyone gotten this stupid stimulus check yet? |
| waiting on our stimulus check wondering if anyone else has gotten it.... |
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 Is the IRS not a government entity are they a business? Do they file taxes? If they do who checks them? |
Additional Details
In ref to travelin 25: as they generate no income in and of themselves. Then if they generate no income what are penalties and interest?... |
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 Does the IRS charge a penalty for receiving a refund check that is too large? |
| My Mother told me that if my tax refund was too large, the IRS would charge a penalty. I have never heard of such a thing, and she had no idea what that threshold was. Any ideas?... |
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 If my mom claims me on her taxes and i file for myself and my two kids do i get more or less? |
| i usally file for myself but hard times have had me here for over half a year and my mom and i are wondering how we should do it this ... |
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 I feel i was wrongfully claimed by my mother as a dependant? |
| I ffel i was wrongfully claimed as a dependant by my mother on her taxes. I live with her, but am not in school or have not been in school for about a year now. Her claiming me as a dependent makes ... |
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 Tax money, what choice is better? |
That the money from your taxes goes to medical treatment or to the environment?
I would like your opinion =)
Thanks!... |
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| Is my accountant missing anything? |
| I am a self-employed artist. My accountant has just dropped the bomb on me that I owe the IRS $2,500 this year. Is there ANYTHING anyone might know, any little secret about a deduction I might have ... |
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alferzz | If taxes aren't due until April 15th, why do I have to pay the IRS throughout the year? |
Why can't I invest the money I would otherwise be giving to the IRS before the due date throughout the year so I can end up paying less total on taxes? |
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Great Tax Info
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Actually, you are only required to pay 90% of your prior year's tax liability during the tax year to assure not receiving a penalty for not paying enough estimated tax. So if you are expecting a large increase in income you really need only assure that you have that amount paid in throughout the year that you are receiving that increase and you can invest the balance until the Due Date of your return. |
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Dee
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It's a pay as you go system (that's the rule). Withholding is taken from each check so that the taxes are hopefully paid as you receive the income.
If you don't have taxes withheld (i.e. you are self employed) you have to send them in quarterly.
If you don't send in enough during the year, or it is received late, you will have to pay interest & penalties (more $$).
They want it as you earn income (time value of money). |
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jooker
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Your tax RETURN (or annual reconcilliation) is due April 15th. Your taxes are due as the money is earned (withholding statute) or quarterly if self-employed. |
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jude2918
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The government needs money to pay me every day of the year. Your final report for the preceding year is not due until the following April. But they needed the money. I do not really file reliably so they keep all of mine. |
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asalter13
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When you fill out a W-4 you can take any number of allowances from tax withholding. The more allowances you take, the less they withhold. If you can have no withholding, you can invest the money like you said, and in-turn pay less on taxes. Financially, this is the smartest thing to do.
Unfortunately, the government wants to make sure its going to get at least some of its money, so it instituted the withholding laws. If you are already working, ask your HR department for a new W-4, and try to get as many allowances as possible. To check what you qualify for look here:
http://www.irs.gov/pub/irs-pdf/fw4.pdf |
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Kainoa
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Cause they need money throughout the year not just at tax time. |
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STEVEN F
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Taxes aren't due April 15th. They are due as you earn the money. Taxes on income from which no taxes are withheld are supposed to be paid quarterly. You can be charged penalties if you don't pay enough each quarter, even if you pay the full amount before April 15th. |
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Jeff C
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Because the government needs money to operate through out the year. If no one paid any taxes until April 15th, then the government would run out of money. Not like they are great money managers you know. |
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Funchy
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Because they don't trust their own citizens. |
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bill w
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I am self-employed in Canada, and I am forced to give up quarterly installments throughtout the year. On March 15th 2006, the first installment was due - more than a year before it is supposedly legally due (April 30th 2007). This is because the government doesn't trust me to keep enough money saved up to pay my taxes next year.
So I can't use a high-interest savings account such as ING Direct to put my money for taxes in, and I lose that interest to the government.
Nope, it doesn't make sense.
Jeff C - that doesn't make sense, either. What about the money from the year before??? |
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