 What do I do if I didnt file taxes last year? |
| I know.. I know... I should have. Time completely ran away from me and I tend to suffer from procrastination. So what do I need to do if I didnt file last year? What are the penalties? etc... Just ... |
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 I Owe 300.00 In Child Support Will THey Hold My Tax Refund? of 08? |
I Was Just Wonderin
Additional Details
I Dont Mind Payin But Here's The Thinng The Mother Live's With Me In The House So Does THe Son I Send The PayMent They Send It Right Back ... |
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 Did anybody have their tax money deposited today yet? |
I am suppose to get my funds deposited today (jan. 3-th). Has anyone gotten theirs yet? Is there a certain time they do deposits?
I have Bank of America. Does anyone know if they are slower or ... |
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 Will benefits be affected with the recession? |
| Im a full time working single mum and i rely on my working tax credit to help with nursery fees so i can go out to work, and not just sit around at home all day letting the government and tax payers ... |
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 How much should I be deducted from my wages both for NI and as Income Tax? |
| I though it should be around 20% altogether but I have been deducted 19.19 for NI and 55.80 as Income tax from 279 which works out something like 20% deduction as Income Tax and 7% for the NI. Is ... |
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 Can I pretend I made $5000 from selling stuff on ebay to open a Roth IRA? |
I need earned income to open a Roth IRA, I am only 19 year old and I am a full time student.
I did sold stuff on ebay back in Fed-Mar 2008 and earned about $3000, but I want to contribute ... |
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 Can my ex husband claim our kids for income tax even though they live with me? |
| My ex husband is trying to claim our 2 kids. They live with me, he barely sees them and he only gives them $50 a week total. Some weeks he claims "I'm broke so I can't give them any ... |
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 We had a baby 2-21-08, will we get stimulus imbursement? |
| when we file taxes this year we have to note our stimulus amount recieved in '08, will we get an extra $300 for the baby? not a big deal, just curious.... |
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 Do I have to file my taxes if they already deduct it from my bi-weekly pay checks? |
| Recent college graduate working a full time job for the first time and really confused about taxes.... |
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 If i get married do my tax refunds go to my husbands ex's kids? |
| i want to get married but my fiance is responsible for 2 other children. will they get any of my tax refund?... |
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 What is the difference in filing taxes by mail and e-filing? |
| I know e-filing takes less time and gets processed sooner, however does it make a difference in how much you get back?... |
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 Aunt being audited, here is the situation...? |
| I was just wondering, how can a person be audited if they are not the tax preparer themselves? What can a person do to prevent having to owe money to the IRS if the 3rd party preparer did not have ... |
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 If my husband and i filed though turbo tax and had it direct deposited though Santa Barbara bank and trust? |
will we still get our rebate direct deposited.
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Im worried because my husband is first on the return and his last two are 09 and we havent seen anything hit the bank ... |
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 In an IRS Audit, how far back can the IRS go if the President of the Company changed? |
| 2 years ago, we switched the President of the Corporation over to me, can the IRS go back past before I became President?... |
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 Which is a better investment - 7% tax-deferred or 9% taxable? |
Assume:
- I have a marginal tax bracket of 30%
- I am investing for a 15-year time horizon.
- Tax is paid yearly on taxable interest.
- Tax is paid at end-of-term on tax-deferred ... |
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 Why is 6 months road tax work out dearer than 1 year? |
| The government charge more for 6 months, therefore it's cheaper to buy tax for year. This kind of deal from the government is leading those who are struggling to go into, if not further into ... |
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Moose | My neighbor just told me he has not filed taxes in 3 years? |
Just now he decides to be worried. Says he is not sure he can even find much of the paperwork, w-2's I assume or whatever. What can he do? Should I tell him to call the IRS directly and work something out or what? This guy has kids and doesn't he risk going to jail for this? We are not talking about a rich guy here either.
Additional Details
I forgot something. He has been on disability for three or four years I think and it has been for depression. Is there mercy in the IRS for mental disease? |
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bostonianinmo
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If his only income has been SSI disability he has no tax liability and does not need to file.
If he has other income he'll need to download the instructions for the missing years and see if he even needs to file. If his income is below the filing requirement amount, again there's no need to file though he may be cutting himself off from any refunds or possibly the EITC if he's eligible.
He would only be looking an any chance of jail if he repeatedly failed to respond to IRS requests for payment or to file a tax return. Even then, that is only reserved for the worst offenders -- the IRS would rather you be on the outside earning something that you can pay the debt with. |
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a2z_4me
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there are many options for settling back taxes, the worst way is no communication. At this point he should make contact with IRS customer service and request his options. No he will not go to jail. He will pay late fee's and interest on anything he owe's. He may even just get a repayment plan. The IRS can figure out from past reported wages a basic return but he will loose many deductions that way.
If he keeps ignoring it, then he can at some point loose property, face garnishments, and court actions to collect. It is better he makes the first move for resolution. |
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acmeraven
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He may be worried about nothing. Unless the law has changed disability income is not considered taxable income by the IRS. If there is income that is taxable he would be entitled to CTC and EIC which could mean refunds in the thousands of dollars each year. Tell him to not procrastinate though as there is a three year limit beyond which he will forfeit refunds. If he can't find his W-2's for work done then he should contact the employers and ask for a copy of same for each year involved. If he was on disability and got no W-2 then it is because disability is not taxable and isn't even reported. |
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Kevin M
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Have him talk to a CPA to start. A professional can determine fairly quickly if he is even required to file a return. If he is required, the CPA will let him know what the next steps are. Like another responder said, he may not even need to file, and therefore is worrying about nothing. |
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joyceeleann
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Yes better to step up and admit it and say he wants to fix it with the IRS to get it all straighten out instead of them coming down their to arrest him. He will be assigned someone from the IRS who will walk him thru it |
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omfg_its_googles
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He should call the IRS right away and explain. Yeah they will not be happy but they will not be happy if he does nothing and sweeps it under the rug. And he can go to Federal Prison for this. |
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WannaRetire
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If he doesnt want to be caught right now, I would advise him to call the IRS from a payphone (NOTHING REGISTERED TO HIM) and explain his situation and see what advise they can offer him....and go from there. |
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kay kay
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I hear its no good to file it anymore cause it gets took from you I know 2 people it was took but I forgot the exact reasons, anyway maybe he needs to leave that junk alone as johnny cash says. Over all that song fits just about all my moves & moods.'' |
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