 Does HR block really try hard to "Maximize" you're return? |
| I've never been to a tax prep service before, but this year i think id like to just go so i can see if i have been missing anything that i could be deducting... I know turbo tax and all that ... |
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 HELP WITH TAXES PLEASE!10points? |
| I am about to enter a job as an independant contractor. I was told that I must send a payment into the irs every three months or I will be penalized more money. How do I figure how much to pay? Can ... |
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 Do you ever have to stop filing your taxes? |
| My grandma has this idea that she doesn't have to file taxes anymore because she is of a certain age. I don't even know when the last time she filed was. She only collects social security ... |
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 When do you have to pay taxes on capital gains? |
| Let's say I put 50k in a stock and it doubles and I sell it. Now I have 100k, but I owe taxes on 50k. Let's say I sold the position at the beginning of the calendar year. Can I wait ... |
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 Questions on rebates checks? |
I CLAIMED ONE CHILD AND MADE $1091.00 HEAS OF HOUSE HOLD. SO HOW MUCH WILL I GET BACK ON REBATE CHECK. I RECIEVED A LETTER FROM THEM SAYING ABOUT WHEN THEY WILL COME OUT. BUT DIDNT SAY HOW MUCH.
<... |
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| I am Spanish and I have decided to move back to Spain..Will I be able to get all that money back from the inland re if I move to Spain??... |
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| i forgot to mention my gambling winning but i got the deduction of gambling loss in sch A. I am kind of nervous how IRS will respond to my mistake. Actually my preparer did not advise about reporting ... |
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| My husband is behind on child support payments. We have filed a joint return and I want to know will the balance of his child support be automatically deducted from our income tax return?... |
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 I was supossed to get my TAX REBATE yesterday but checked my bank and NOTHING? |
How long will it take?
they said they were coming in early. My last two are 05 so I'm one of the first ones to get it.... |
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 How much of a tax refund? |
| My wife and I bring in approximately 95,000 a year together. We do not have dependents and we both claim 1 on our taxes. By the end of the year we would have paid 22,000 dollars in interest on our ... |
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 Can my husband claim his 15 yr old daughter as a dependent if she doesn't live with us BUT? |
he pays $2,000 per month in child support, so he's paying for WAY more than half of her support plus he pays all her medical.
Additional Details
She lives with her mother (to answer ... |
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John Y | Must my father in law file or pay federal taxes? |
he is 85 yrs old gets a pension and social security worth about 2300 a month he has not filed since my mothr inlaw died 3 yrs ago can he get in trouble.... |
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Poutine
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you must always file your tax return even if you do not own anything or expect a refund |
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Judy1
 |
It depends on how much of that total is pension and how much is social security. If the pension for 2005 was over $9450, then he was required to file. If most of the amount was from social security, and his pension totalled $9450 or less, then he wasn't required to file.
AARP sponsors a program in most communities called Tax-Aide. Trained volunteers do tax returns at no charge during the tax season (typically January or February thru mid-April). Check out AARP website http://www.aarp.org/money/taxaide/ - click on Find Tax-Aide site on the left, and call one of the contact numbers that come up for your area - you'll probably find someone who will help you out now and answer your questions, maybe even do the back returns if they were required. I'm a Tax-Aide Volunteer, and while most of the returns are done during tax season, have worked on things after season is over also where needed. Email me if you want to with amounts of pension and social security (separate numbers, not total) for the years he didn't file, and I'll check it out for you.
Can he get in trouble? Depends on what you mean by that. If he needed to file and didn't, then he should get the back returns filed and pay anything he owed. He's not going to jail or anything, and if he doesn't have the money, IRS can work out payments.
Best guess - he probably does owe something, so don't let this go until somebody catches up with him for it. |
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alfjr24
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i think he should gather up what papers he has, and you should find him a lawyer, and an accountant and figure out what he needs to do... |
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laura468
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yes, he should be filing however Most of his income should be nontaxable and at his age he shouldn't owe any taxes and for the most part he probably won't get into any trouble because he probably owes very little if any in taxes and chances are they withhold any taxes he should have paid from his check so he would owe nothing but yes he should file just to show that he had income it just wasn't enough to require payment or refund for that matter |
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kimmer
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He needs to get guidance from an accredited tax preparer. To answer your question, yes he should have filed and will receive exemptions for his age.. Some of his income after calculating may be exempt but his best bet is to prepare his paperwork for filing and if it is not a status where he must file then he does not have to, but he has the paperwork to present in the event of an audit.
Hopefully, he will be exemption free and not required to file, otherwise, he will have to pay penalty and interest for unpaid years. Despite all else, you can always play it safe and file a tax return with the IRS with no refund or payment due. |
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KariM
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if he has taxable income of more than $7,000 I believe there may be a filing requirement. Go talk to a local CPA and find out. |
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Tommy D
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He should find out through a tax professional if he needs to file. |
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branjo_70
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Most of the previous answers are just silly.
There's a tool on the IRS website which will tell you if he needs to file. Go here:
http://www.irs.gov/individuals/article/0,,id=96623,00.html |
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turbietech
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If he makes over a certain amount per year then he must file. He can get in trouble for tax evasion if he does not file, the bad thing is they add major penalties for not filing in a timely manner, so he may already owe a pretty good sum already. |
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Chris Svetcov
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He owes about 3 years in back taxes. Speak to an attorney and/or good accountant to keep him out of some serious trouble. |
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AndiGravity
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Yes. As long as he's alive and receives any income, he must pay his estimated taxes every quarter, and he must file an income tax return along with everyone else. If his income is low enough that he doesn't owe any taxes on it, whatever taxes he paid in (if any) would be refunded to him... but it has to be reported as income nonetheless. |
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