 If you wanted to give someone a large amount of money.......? |
| If you wanted to give someone a large amount of money, would they be liable to pay any tax on the money you give them? I know you have to pay an inheritance tax if you are left money, but not sure ... |
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 Where can i find the law that states that workers must pay income tax? |
i've seen the laws about property taxes and corporate profits taxes, but i can't seem to find a law that requires people to pay a tax on labor and wages.
Additional Details
i ... |
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 This is for people livin in england? |
This is for people livin in england?
with regards to claiming housing benefit and income support, would I still receive this if i relocated to Spain??my rent is late and i only receive half of ... |
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 Do you live paycheck to paycheck? |
| does it suck as much for you as it does for me?... |
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 We will be moving to UK in a few months. Will we qualify for the Child Benefit and the Child Trust Fund? |
We will be moving to UK in early 2009 from the Philippines for a job assignment. Are our three kids qualified for the Child Benefit and the Child Trust Fund?
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My ... |
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 If home prices are falling? |
| Will our local tax assessors adjust our home values as well? Last year when a proposal to not exempt disabled homeowners from having caps, the tax assessors office simply raised the value of the ... |
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 Parents want to claim me on income tax? |
| so, i am 19 years old. I just got my W-2 in the mail and my mom will be filing for me. She stated to me that if she claims me dependant she'd get a bigger refund back and i would get less. ... |
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 Is it better to claim 1 or 0 ? |
| I am 23, single, no kids & I support myself , Ive always claimed 0 on my W-4 forms but recently I changed it to 1 and claimed head of household because my 19 year old niece live with me & I ... |
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 If you did a direct deposit with the IRS for 2007 taxes will next months check be direct deposited too? |
We've done direct deposit for years when filing taxes.
We'll be one of the first ones to get our advance on next years income tax. I was wondering if we will be getting a ... |
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 Are we allowed to prevent the government from withholding taxes? ? |
| When I get a pay stub every 2 weeks, are we allow to prevent the government or company to withhold taxes and pay them at the end of the year? I mean if we can, isn't it wiser to do this since we ... |
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 Is it true that you can file a deductioin on your taxes for paying rent? |
| I heard that you can file a tax deduction for paying rent at your residence and get something like a full month's rent back. Is this true?... |
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 Tax returns? |
| is it too late to file federal income tax return if your intited to a ... |
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 Do churches pay federal and/or state taxes on their "earnings"? |
I am referring to any contributions by members, pastor's salaries, properties owned, etc.
Thank you for your help.... |
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 If child is over 21 and child support is still owed can tax return be held when it is being taken from pay? |
Additional Details
Let me make it clear to some that all that was owed in child support was the last 2 years 16-18 My husband was not a dead beat ... |
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 What is the full form of HR? |
| he or she is the head in a ... |
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deeliyah20 | Irs sent me a Letter (not a bill), telling me to reply by Jan. 21, 2009? |
i received an cp2000 from the irs saying that there has been soon proposed changes to my 2007 form 1040 saying i may owe the an x amount of money. its not a bill from them. they want me to verify and reply by Jan. 21,2009. its also giving me options like if i agree that i owe pay all now or set up a payment plan or if i don't believe i owe fill it out and send it back to them by the 21st. what i really want to know if since this is not a bill yet, would i be able to get my refund when i file on Jan 16?
Additional Details
Thanks for all the answers I got so far. I will contact them. Hopefully I will still get my 2008 reund check. |
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Ms. Angel..
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It will not affect your refund for 2008 at this time because IRS has not assessed your 2007 with the changes they found. Processing of CP2000 information takes tax examiners at least 6-8 weeks to process. IF you do owe when you reply to IRS you can include Form 9465 installment agreement and the minimum IRS will accept is $25 for balances up to $1.499.00, $50 for $1500.00 to 2999.00;
(or divide the amount you owe by 60 months and that is the minimum, but must be more than $25.00. ) IRS charges a one time user fee of $105.00 you mail the payment and $52.00 User fee you have it taken from you checking account.
Interest and penalties continue to accrue when you have an installment agreeement. |
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taxtools
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You should contact them ASAP. |
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waggy_33
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The letter you received will have a listing of items reported to them on 1099 forms etc. and what you have reported on your return. If you agree that they are correct simply sign the letter and return it to them. If you have reported the items thay are showing send them a copy of the return and point out where them amounts have been reported.
If you respond timely tey willnot do anything to hold up your refund for 2008. |
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OR
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just to avoid a possible scam.....contact the person who does your taxes, they will know exactly what to do & will be able to explain it to you better. |
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bostonianinmo
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A CP2000 letter is issued when you have under reported income. The most common reason is income reported on a 1099 or W-2 was not included on your tax return.
If you don't respond by the date in the notice the IRS will presume that you agree with their assessment and will start collection proceedings. If you submit your tax return and it is processed PRIOR to the date in the CP2000 letter you MIGHT get your refund. It will depend upon whether or not the IRS has put a hold on your account. If the amount of potential tax is significant, the IRS may have frozen your account until the issue is resolved. If they have, any refund from your 2008 tax return will be held until the issue is resolved. |
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v b
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Yes, it's a timing issue.
However, you DO owe the money. So if you get your entire 2008 refund, don't be stupid and immediately spend it. Put the money you owe aside and send it back in marked 2007 cp2000.
It would foolhardy to not pay it and then offer to pay it back a little bit each month. You would pay a $105 fee AND about 10% more for interest and penalties. |
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Jss
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1. Do not ignore the letter. Do not miss the date.
2. Check you tax return. Tell IRS if you agree to it or not. If you don't agree, you must have solid reason. If you agree, you must pay tax due with interest and penalty.
3. Do not try to delay things.
Read http://taxipay.blogspot.com/2008/04/list-of-articles.html |
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Deliah
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If you dispute the amount or do not pay the entire amount due they WILL NOT issue your 2008 refund on time.
You have not said if you owe the taxes or not but if you do and pay today there MAY be time to clear it before filing your taxes for a refund but likely it would NOT be cleared in time if you file early.
This is in the computers now and your return for 2008 will not be processed until this is taken care of.
Calling them will not change this period. |
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Bob F
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They are just saying they disagree with something on your return and would like you to either prove that you are entitled to whatever they are questioning, or say you will pay the difference.
You should still be able to get your 2008 refund if you file before January 21.
But don't ignore the notice. If somebody else did your taxes that year, bring it to them. If you did your own, call the 800 number on there if you don't know what it means. |
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ninasgramma
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If you have not paid what the letter claims you owe by January 16, even though a bill has not been presented, then almost certainly you will not receive your refund for your return filed on January 16 up to the amount in question.
Do you agree with the letter? Then indicate that on the reply part of the letter and mail it back to them with some payment if possible.
Do you not agree with the letter? Then reply in writing to the letter stating why the letter is in error. Even if the IRS agrees the letter was in error and you owe no additional tax, it takes about 45 days to work this out. Your refund will most likely be held up until this is settled. |
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Oryen
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My advice would be get in touch with a quality lawyer just to figure out what it means. |
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