Lone Wolf
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If you were working as an independent contractor then it is right. You should have made estimated payments but that's beside the point now. If you were working as an employee (there is a list of criteria to determine this which you can probably find on the U.S. Bureau of Labor site) you can have that challenged but the difference is about 13% (the matching funds for S.S., Medicare, and unemployment). You will probably still be liable for the actual tax and your part of the S.S. etc. The Bureau of Labor site will have info on how to contest Sears if you meet the criteria as an employee. |
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roofinrobert2006
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You owe the money.
And you should allways look at the stub to make sure there were no errors. |
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bostonianinmo
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If you had bothered to look at your pay stubs you'd have known that no tax was being withheld. And the only way that they would have you as EXEMPT is if that's what you filed on your W-4.
You must pay the taxes due. Since it's more than $1,000 the IRS will bill you for the penalties and interest for underpayment of tax.
Since you were not entitled to claim EXEMPT on your W-4 the IRS may also levy an administrative penalty of $500 in addition to the taxes due. They may also send your employer a Lock Letter forcing them to withhold at Single and 0 or 1 regardless of what you may be otherwise entitled to. |
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Bug Fuggy
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It's the IRS...pay them or they'll make you pay...period. call them asap and maybe they can set up a payment arrangment |
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wartz
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You just found out? You should get a pay statement with every pay check. If you just found out, it is because you either did not look or did not think it would be a problem until now. |
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Mist
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Yea, it usually shows that kind of stuff on your check stub... |
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Jodith
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No. It's your responsibility to make sure the company you work for has the most up to date information for your withholding. You get the paycheck every week. You should have seen if taxes were being withheld. |
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woofer13
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If you owe taxes, you must pay. It is Sears fault, but, it was your responsibility to check your records regularly to be certain all is well and correct. Don't forget our tax rebate this year, it will take a little of the sting out of the shock!! |
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chatsplas
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Generally it's your mistake, NOT your employers. It's based on the W-4 you filled out, saying you were exempt from taxation in this case. And if you claimed exempt when you weren't, then that's another penalty. Check out that W-4 and find out. File a new W-4 NOW, claiming 0. And even with Direct Deposit you get pay stubs. Check them out.
You can contribute to an IRA, that will reduce your tax liability, but you have to put the money in the IRA by 4/15.
File your tax return, Pay the IRS a large lump sum and request a payment plan. In the meantime, save up for this. If you're not a dependent (usually the only ones who are Exempt) and are getting the rebate this summer, yours will be applied to your taxes, paying it down. |
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celtiarose
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Nope, you're completely stuck paying.
You really should have checked your paystubs and caught the problem sooner. You have no options, you still owe the IRS. |
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kotor dude
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say goodbye to all ur money Ha |
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bud68
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No, there is nothing you can do. You owe it. The lesson here is to always review your pay statements. |
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IKP
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That sucks, but you have to pay. My recommendation is to tell Sears ASAP to change you in their computer system and watch them do it. This same thing happened to my mom once. The IRS will get a copy of your W-2 so they know to be expecting money from you. Sorry, but no getting out of this one. |
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gv3_1914
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nope, you're screwed! uncle sam WILL get his money! you better find some exemptions fast! |
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