 How much tax should I be paying after I have earnt £5000? |
I have two part time jobs, (both declared, above board...etc etc) and on one I dont pay any tax, the job pays me £4500 a year.
On the second job, I have for the last tax year been paying 2... |
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 If I Net $550/week, what is my yearly Gross Income? |
I live in Louisiana if that matters.
Additional Details
I claim single and one, I am 25. The only deductions from my check each week are Federal and state taxes, Fica, and medicare.... |
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 What states don't charge tax on toilet paper? |
| I had no clue that some states don't charge tax on TP but I just saw on Yahoo homepage that the little old lady won her fight against KMart for taxing toilet paper! What state did that happen in?... |
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 I am selling my house to my mother.? |
| I am selling my house to my Mom. I am selling it to her well below market value. The selling price is 50,000 but the banker would like to make the selling price 74000, and show it as me gifting her ... |
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 Am I getting a stimulus check? |
| My aunt did my family's taxes for me. I'm 20 years old and my aunt filed me as independent because I'm in school and moved out of my parent's house and pay my own bills. I got my ... |
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 Have you tried to reclaim rip off bank charges? |
| I am in the process of trying to reclaim all my bank charges for the last 6 years, many cases have suceeded but they have not got back to me I have been waiting 2 months now. What do you think my ... |
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 Is church donation (tithing) tax deductible? |
| Is it 100% deductible? Is there a minimum amount of deduction to qualify (I have a wife and 2 kids, 401K, no mortgage, really nothing else to deduct)? What documents do I need to claim the ... |
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 Is a VAT inspection something to be scared of? |
| Are VAT inspectors as bad as I hear? Are they human? Can they close down your business and seize your goods and chatels? They want to come and inspect my books.... |
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 A little more help please :(? |
1. workers compensation received for injury or illness is not taxable.
a. true
b. false
2. a taxpayer cannot contribute to an IRA if he has a pension plan at work
a. true
... |
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 No federal tax law..? |
Someone recently told me there is no law that says an american citizen must pay a Federal income tax. He also goes to claim that anyone imprisoned for not paying taxes is being illegally held.
I... |
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 Do I have to pay taxes on what I get paid for watching my friends child? |
| I watch my friends 2yr old 5 days week 10 hrs or more a day..she pays me $80.00 a week for this and deducts for days she misses and holidays. The average daycare around here is between $105 to $120 a ... |
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 Why didn't my husband and I get $1200 for our stimulus check? |
| My husband and I got married in October 2007 and filed jointly this year. We made around $25K combined and had our refund deposited into our checking account. I was expecting $1200. However, I ... |
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 Will my employer give me a 1099? |
I work for a couple(childcare) I keep theie daughter, my boss gave me aprint out of what I had made year to date titled "tax information" Shouldn't I receive a 1099 from her?
W... |
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Ry | If you owe the IRS on your 2006 tax return due to error,can you still get the stimulus check? |
My tax preparer forgot to include a W-2 from my husband's employment on our 2006 return.We got a letter saying we owe money so we amended our 2006 return and filed for 2007.We entered into an installment agreement but it hasn't been processed yet and the IRS says it will take 8-12 weeks.Will we get the economic stimulus check, for filing jointly with one qualifying child?
Additional Details
It was Jackson Hewitt,nuff said.I asked my question just to be sure of an answer I already suspected,but had to ask anyway.I thought there migh be a chance becuase my information is not processed yet so as far as they are concerned they said my balance right now is zero,even though I sent them a payment,and that was definitely taken. |
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fast_n_low
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Who did your return? A private accountant?
If you owe more than the check then they will keep it. If not you should get the remaining balance.
That is true, if the IRS hasn't received the info that you owe money, because of a mess up on your taxes, then you should get the whole check. They will then take care of the balance when you file taxes next year. So, for your sake let's hope the Stimulus check goes out first. (Hopefully direct deposit)
My husband and i always use H&R Block. When we used Jackson Hewitt we filed to get it back in 3 days, to say the least 3 weeks later we still had not got our money. When we went to H&R Block we walked away with money. I know people talk badly about them but we have never had a problem with them and we have been going there for 7 years. The good thing about H&R Block is, when you file your taxes and they offer what is called "Peace of Mind". So if they mess up (for example the person missed a W-2) and you end up owing IRS or you got to much back, they have to cover the fee and you get to keep the money you have already received.
With what has happened, I wouldn't recommend going back there. Which I am sure you have already thought about.
Hope this helps....and Good Luck |
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Bea
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NOPE! Just found that one out today to. |
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Judy1
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You probably won't get the stimulus check, it will probably be applied to what you owe from 2006. But depending on the timing of the paperwork, it might slip through. If it does though, you'd be wise to send most of it to them as a payment against your back taxes to keep from paying more interest and penalties. |
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Hank Roitman, EA
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Probably not. As a rule, IRS will keep any money they owe you and apply it to your debt. Having said that I have seen it get by them once or twice.
No disrespect to you, but your question is silly: If you owed someone and you discovered something of theirs in your possession would you give it back before they had paid you?
Well, neither will IRS.
Also, you are paying interest and penalties on the underpaid tax. That would have been avoided if you looked over your return before signing it. If the preparer had missed entering a w-2 you would have caught it then. If you had forgotten to bring the w-2, you might have realized that the amount of income on the tax return was low and looked for it.
If neither of these apply, I suggest that you keep better track of your records. As I tell all my clients:
"PAY ATTENTION! It's YOUR money!" |
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wiz kid
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yes but they will deduct amount owed. |
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llll1983llll
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So long as you filed, they cant withhold it because you owe them. |
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love4tink
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I read somewhere they deduct it.
http://www.irs.gov/newsroom/article/0,,id=177937,00.html |
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Ms. Angel..
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If you owe your stimulus check will be offset, BUT that is if your 2006 adjustments have been made by the time your refund is scheduled to be issued. When did you send in your amended return, has it been processed already, amended return take up to 12 weeks to be processed.
So if has posted to your account, you might get the rebate. |
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unicorn
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You can still qualify, the question is, what you qualify for will be used for what you owe for 2006? Most likely yes. Anyone that qualifies for the stimulus payment, as long there is no back debt. ANd you do have a back debt that has not been paid for over a year. So, if your debt is greater than your stimulus check, you will not get a check because the IRS will tell you that they used the stimulus check to pay your back debt. :( The bright side of it is that part of that payment will not come out your pocket, but from the stimulus. |
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Tyewonk
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Same here |
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