 Can I claim 3 on my W4 if I am single and no dependants? |
| I don't want a refund or to owe anything at the end of the year and invest during the year.... |
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 Can I have 5 allowances on my Federal Witholding? |
| I am single and normally withhold 1 allowance. However, I have been having money problems this past month. I was wondering if for one paycheck, I can up my allowance from 1 to like 3 or 5. I did some ... |
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 In general in the US does an income between $50,000 and $60,000 deem you middle class? |
I know it varies from state to state, county to county, etc but in general is this comfortable living in the US?
Additional Details
Okay let's say it's a family of 3-5 people.... |
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 Where do I find information about a tax ID number for a business? |
| I am planning to start a small business, but I need to apply for a tax ID number, where can I find this information on the internet? I need a EIN number for a ... |
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 Tax Rebate Check? Confused? |
| Ok, I was reading on the irs.gov website that the direct deposit people should be getting there's today? My ss ends in 19 , but I haven't yet received anything? I double checked my 2007 ... |
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 Do you think a national sales tax would work better than the current income tax schema? |
Additional Details
BTW...this means that income tax would be REPLACED by a national sales tax.... |
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 What are the pros & cons of taxes getting taken from 2 jobs paychecks? |
I work 2 jobs and I was wondering do I have to have taxes taken from both checks? & if I dont will I get a bigger refund check at the end of the year!
1 INCOME TAXED
Pros:
-M... |
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 I was wondering how much money my parents get for claiming me as a dependent? |
| I am currently 19 years old, about to turn 20 in November. I am attending college full time so my parents are still allowed to claim me as dependent. Latley we have been having some money issues and I... |
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 Has anyone who used turbo tax and had your prep fees taken out of your refund received a rebate by dd? |
| I have read that we are suppose to receive a check if we did this, but after calling the irs twice I have received two different answers. I guess i will wait on hold for another hour and go for two ... |
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 I f i own a house in one state & it is my primary residence, can i work in another state without xtra taxes? |
| i own a house in las vegas. i want to move back to california. i dont want to sell the house & i ant to leave it as my primary residence. can i leave it as my primary residence & work in ... |
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 Can we claim my son on our taxes? |
| for the last 2 years we havent been able to claim my son on your taxes due to the fact that i was a saty at home mom and had no income and my husban(then fiance) wasnt his biological father . we was ... |
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 Is Uk national Lottery a real thing? |
| They say that I have won a large sum of money. How can I verify anything when I live a quarter of a world from there? Are they allowed to request money in order to get answers? Why do have to pay ... |
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 What is the best company to do my taxes this year? |
| It's almost w2 time and I need to make sure that I can get every penny back that is humanly possible. Normally my mom uses tax cut and does mine for me, but being a student of software ... |
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 Settling with the IRS? |
| We have a huge tax bill from a couple of years ago. We do not make nearly the amount of money we did back then. My hubby is a trader and we lost all the money we put a side for taxes because we had ... |
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 I need help writing a letter to the IRS? |
| i need to write a letter to the IRS apolofizing for not filing my taxes last year that will hopefully pull someones heart enough the they will reduce the penalties but i am not good at this sort of ... |
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beachlvr96 | Made a mistake when filing my taxes online...had a nightmare I was going to jail? |
I am embarrassed to ask...because I feel like the biggest idiot / nerd. I did my taxes recently thru an online service. I had both my 2006 an 2007 W2's (as I recall from last year I needed it) The Readers Digest version I entered all of 2006 info...instead of 2007. I swear I can here you all laughing, thinking yep that is stoopid.
My questions
1) Why didn't the IRS catch the mistake, instead of accepting it?
2) What should I do to correct?
3) Will the FBI, IRS, or some other scary 3 letters word come pounding on my door? |
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lexiemexie
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I don't know for sure...but I would say you probably need to re-file and fix the mistake. I think it would be better for YOU to let them know what happened now, rather than them find out on their own in a few years. That might look like you were hiding things...if you tell them now, it looks like it was just a mistake. |
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Beverly S
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The reason I.R.S. accepted is because they don't yet have all the info loaded from your W'2s. You will need to file an ammended return. No one will come knocking. I would call the I.R.S. help # & have them walk you through the steps. I am not positive you can file amended returns on line. Matter of fact I would call the I.R.S. help # twice, to make sure you get the same answer!! |
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Warren
 |
An honest mistake will not land you in jail. Call the IRS and tell them what you di, they're there to assist on this sort of thing and they're really nice. You will have to pay whatever you owe plus, perhaps some back interest, but if that's difficult for you to pay immediately tell them that too, they'll probably give you time. Don't be embarassed. Everyone makes mistakes, and the IRS will appreciate that you caught your error yourself and came forward to fix it. Good luck! |
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Anastasia Beaverhousen
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They'll catch your mistake in time. They don't look at your stuff right away. They have an entire country full of filers to look through. When They do see it you'll get a letter first telling you what your mistake was. You may want to go to a tax professional and ask for some assistance to see if you can clear up the mistake. |
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the1nonlyprncess
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Call the local IRS office and talk to them. They are not all out to get you. They are there to help. You would be better off informing them about it, rather than just letting it go further and further down the line. |
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Joes Mama
 |
You need to file what's called an "amended tax return" for the proper year. The IRS can't check ALL tax returns. And unless you let it go, I highly doubt anyone will come pounding on your door.
The worst that can happen is that you will get audited and then get hit with a few hundred in fines and fees.
Just re-file and see what happens... |
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wartz
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If you filed online, all IRS has to work with is what you input. Garbage In-Garbage Out. Redoing the return on paper as an amendment should clear things up and eliminate nightmares. |
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Doc
 |
The IRS look more favorably on you if you let them know you made the error, versus waiting for them to find it.
Contact a tax attorney or tax adviser, they will advise you how to correct your mistake and file an amended return. |
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H F
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There are some pretty good answers here, and some guesses that aren't quite so good.
I have a BS in accounting (but not a CPA). I have filed many returns, but absolutely no returns have I filed online, so this is to the best of my knowledge.
No worry. File a 1040X, which is an ammended return. You will have one of two possibilities (a) you will owe the IRS some money (b) the IRS will owe you some money. If you owe the IRS, include a check with your ammended return.
Your questions in order:
1) The IRS receives the W-2 information from the Social Security Administration, which can take several months. Employers do not have to file YOUR information with SSA until the end of Febuary, and later if electronic. The IRS has no way of knowing at this time (Jan '08) if the information you submitted is correct.
(I file the W-2's for my company, and I do it on paper)
2) File the 1040X as mentioned. This is fairly simple, comparable to the the 1040. I suggest doing this asap.
3)Nope. At least not for years. They'll send you letters first if your information doesn't match what your employer eventually files, trying to figure out what happened. You'll have plenty of time to get this fixed. |
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