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 Marriage and Taxes?
If two people get married and one person owes back taxes, can they garnish the wages of the spouse also?...


 Tax help information?
im a waitress and i get a refund check each year of around $800. i always do my own taxes online. when they ask about deductions i always just take the standard $5,350. i spend more than that each ...


 What is the rate of income tax?
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 Pros and cons of flat rate tax ?
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 If i owe the irs do i still get a stimulas check and when do i get mine? my last is 93?
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 Tax Dependnets?
In a family of 4: parents + 2 kids....if only the parents earn an income, do you list 4 dependnets for tax purposes or do you only list 2, the kids as dependents?...


 If I get a Tax ID# so I can purchase wholesale jewelry making supplies, do I have to file a tax return?
I won't have any employees, it is just me making jewelry. I'm in Texas, USA. I think I just have to fill out the SS-4 form to get the ID. Just not sure what to do from there....


 Changing the tax code to something that makes sense?
It is critical to a responsive and robust economy that the USA maintain the current system of tax incentives balanced by tax rates. How else can the government provide economic stimuli when called ...


 Why is my wife not getting stimu. refund when we filed jointly?
they only sent 900.00 i assumed it was house hold so my wife would get 600 i would get 600 and my 2 girls would get 300 each my wife is not employed but is still on the icome tax statements,they left ...


 I thought VAT was only on luxury items?? So is my cars repair bill a luxury item!!?
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 Can I use my year-end paystub in lieu of my w2 to file my income taxes.?
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 Is it true that you dont pay taxes - they take taxes?
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 My employer deducts NJ state tax and I work in Texas. Can my employer stop deducting my state tax?

Additional Details
My employer is based in NJ and I work as a consultant and right now the client is in Texas and I have been working at clients place.My employer says he is registered ...


 How do you figure out how much tax is coming out of your paycheck?
say you make 500 a month, in the state of Texas, how much should come out for taxes?...


 Are payments made to the IRS tax deductible for the following year?
I am paying the IRS 300-400 a month this year. Will I be able to claim this next year when I itemize?...


 How much after taxes?
Okay I am changing to getting paid bi-weekly instead of weekly here is the layout to help:
Right now I get 520 before taxes and 430 after taxes
If I start getting paid bi-weekly and get a ...


 I was 60 this week, apart from state pension what else am I entitled too and how do I get these things?

Additional Details
I am born and bred in this country and worked 90% of my adult ...


 Benifits of co-habitation. My boy friend works. I am on disablity for lik e and he would like to?
for tax perposes to use me as a dependant. ( out of the 3000 he makes a week, gvmt takes 1000). Sure, in the long run, at retirement the extra income would be appreciated, but we have IRA's ...


 What happens if you think there is a misprint on your W2 and you have already e-filed?
I noticed that on my W2 that the EIN number is the same as the state id number. I have already efiled my federal but not my state. Will the IRS reject it, and I have to amend it or will it affect ...


 If your over 50 years old can you sell a house and keep the profits without paying capital gains tax??
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6th Finger
If you did not report income 2 years ago in your tax return, how do you report it so that u won't get audited?
Lets hypothetically say that you made $25K buying and selling on ebay and did not know the laws and didn't report it as income.

How can you fix it with IRS so that you won't get audited and convicted for a crime?
                     
 




MukatA
1. You will file amended tax return Form 1040X and pay due taxes.

2. Your e-bay income is self-employment income. On your tax return it is to be reported on Schedule C of Form 1040 to figure out your net profit. You must keep track of your gross sales and expenses to figure out net profit.

3. This net profit (from schedule C) is subject to Self Employment tax @15.3%. For this you will file schedule SE (Form 1040) with your Form 1040.

4. You should open a bank account exclusively for your business activity. This way you can easily keep your personal and business expenses separate.


busymomkaren
Rating
You will need to File a form called 1040X. it is an amended 1040. You need to take copies of your original 1040 for that year as well as a list of all income and expenses related to making that income to a good CPA. DO NOT go to one of these store front fast refund tax places. They are NOT experienced and informed enough. You need a good accountant who has a lot of experience with it.


acermill
You file an amended return and report the income. Form 1040X has a place to explain why you are changing the amount of income reported. Expect to pay interest on the additional taxes due for those two years. However, you're not going to be convicted of anything. The IRS is pleased when you correct an error in their favor.


Judy1
You file an amended return for that year on form 1040X. The easiest way to do that is to fill out a new 1040 form with the corrected info on it, then lay that and your original one side by side to fill in the 1040X form.


Toadaly
File an amended return. You will still have to pay penalties, but there will be no legal consequences.


Spock (rhp)
amend your old tax return -- form 1040 X.

available online at irs.gov

instructions for the old tax year's form 1040 are also available online -- might need 'em to correctly figure your Schedule C [Self-Employment Income from trade or business] and thus get the 1040 correct.


Gary
You have to amend your taxes for that particular year. Plus you have to amend your state taxes for that same year.


Baby Poots
Rating
All income is required under IRS tax law to be reported. Ignorance of the law is no excuse for anyone not reporting income.

I suggest you consult a tax attorney, and file an Amended Tax Return immediately.


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