 My parents claimed me as a dependent on their taxes should they have been able to claim me? |
| I'm 22 years old and I was a full-time student last year. I also moved to Indianapolis to student teach. I payed for all of my expenses and took out loans under my name only to help with ... |
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 What is Federal Witholding? |
Anyone want to explain it?
Additional Details
Okay, so my older sister is a doctor and her federal witholding is $35,712.09 . How much of that does she actual get back? She is single, no ... |
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 Don't have a "JOB" so do I need to file taxes? |
| I do under the table work so that I am able to be a stay at home mom. I clean bathrooms (for family & friends), as well as a lot of computer work, make resumes, baby sit, tutoring, things like ... |
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 DOES ANY ONE HAVE IDEA ABOUT A LIMITED COMPANY, WHO MAKES PAY ROLL FOR AGENCY Workers? |
hI all,
i am a health professional working in NHS through the agency. I am working for my agency but my pay roll being made by a limited company, they charge me 27.50 per week. even if i work 8-1... |
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 Is it a good idea to send in copies of receipts for large purchases with my tax filing? |
| I am a private software/hardware contractor trying to save money on my taxes. I bought about $3000 worth of stuff on December 30 and 31st of 2006 so that I could write them off of my 2006 taxes. (W... |
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| Has anyone received thier stimulus check from 6/20? |
| My last 2# are 60 and i got the letter saying it will be mailed by the 20th of june. My real question is that the irs website still says it is scheduled to be mailed on 6/20 and its 6/23. Has anyone ... |
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 The IRS says I do not qualify for a rebate check? |
| Because my mother claimed me as a dependent. However, I am 19, make a substantial amount of money(or, 9,000 a year is enough for a 19 year old), and payed taxes. How would I not qualify for a ... |
|
 Gordon Brown. Financial guru or Fiscal zero ? |
This was on the front of my homepage.
Thought it might make for interesting discussion !... |
|
 My wife and I own half of our house and another family member owns the other half. If they gave us their share |
| what would the value of their part of the property be for calculating capital gains? Would it be half the value of the whole house or would it be the current market value of selling to someone half a ... |
|
 What is the benifit to have a pan? |
Additional Details
what is the benifit to have a pan card?
... |
|
 Where's my refund irs? |
| gave me the 29th as when to expect my refund now it gives me an error why? It was accepted the 13... |
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 I received a check from a de-lotto stating that i won. WHAT SHOULD I DO? |
| ON JUNE 20TH I RECIEVED A CHECK IN THE AMOUNT OF LIKE $4,820.00 IN THE MAIL IN MY MOM'S HOUSE IT STATED FOR ME TO CALL AND THEY'LL INSTRUCT ME WHAT TO DO. I CALLED AND THEY STATE IT WAS A $4... |
|
 Can i claim my 16 year old daughter on my taxes? |
| i was told that when my daughter turned 16 that i could not claim her any longer. she is a full time student and still lives at home and does not work.... |
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caligirl | Is there fines and late fees for filing tax for refund? |
If I will be getting a refund, is it ok if I file late? Is there any penalties for filing late? |
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Mathew
|
The IRS could add a penalty but they rarely do. To file for an extension complete IRS form 4868 and mail it before April 17th. That will give you six months to file. This link will take you that form.
http://www.irs.gov/pub/irs-pdf/f4868.pdf |
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bostonianinmo
 |
Damn! What a bunch of BAD info!
There are penalties for late filing and late payment of tax. The penalty is based upon how much tax is due. If no tax is due, there is NO penalty, at least at the Federal level.
States may be different. Some follow the Federal lead and don't charge for late filing but others DO assess a penalty for late filing even when a refund is due. OH is a good example. They assess an automatic $500 penalty for late filing even when a refund is due. If your refund isn't large enough to cover the penalty they'll send you a bill. |
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rhubardpi
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the 3 above me are correct. Technically you are breaking the law when you don't file on time and IRS COULD prosecute you criminally, but they will not cuz no jury would convict you for not filing on time when/if you have a refund due. |
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*****
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If you are getting a refund, why would you file last? |
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Judy1
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If you are due a refund, there aren't any penalties, and there's nothing to charge interest on. But you have to file within three years of the original deadline for the return, or you'll lose your refund. |
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Celeste
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Well said, Bostonian!
Penalties for late filing are imposed only if you file after the due date and you owe.
If you're due a refund, you have up to 3yrs. from the date the return was due to collect. |
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MARGARET R
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YOU WILL BE CHARGED A PENALTY AND INTEREST..AND THE IRS HAS THE HIGHEST INTEREST ALLOWABLE |
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jim06744
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don't file late. send in 4868 request for extension. this gets you till october 15 to get filing in |
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jthack02
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Yes, even if you are getting a refund you cannot file late without penalty. The govt charges interest for late filers. You can file for an extension but you would still be charged a penalty. |
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