 Teens for Economic Stimulus Plan????? |
| So this year in total earnings I earned over $6,500. Now I've heard about the Stimulus plan from my dad and others (I'm 17). And I was wondering if they are going to give the $300-$500 ... |
|
 If I work at the age of 16, and I only live with my mom, would I still need to file taxes in February? |
My dad and my mom divorced. It's only my mom that is taking care of me.
Additional Details
My mom and my dad are divorced, and only my mom takes care of me. This is taking place in C... |
|
 How do I do a credit report on my self? |
| I'm 16 I work but never filed for taxes and need a credit report because I believe theres misuse of my social security card.... |
|
 What is 17,692,749 rupees? |
| How many crores/lakhs?... |
|
 Can anyone help me on this income tax question??(UK)? |
| Im a student nurse in england, my university fees are paid by the NHS and I also receive a bursary of around £6000 (just below). Ive just got a job with NHS professionals as a care support worker to ... |
|
 Can anyone tell me what I need to do to work in UK? |
| I applied several times and was considered with a lot of interest due to my qualifications and experience. Then the recruiters kept telling me that I must be in UK first and contact them. I do not ... |
|
 Is doggie vet bills tax deductable? |
| i have vet bills that total over 1000 dollars because she had surgery and checkups in between can i claim that on my taxes for 2008 (i know silly question)... |
|
 I lose my W2...? |
| I recently lost my W2 form. I left it in a folder at school...and when I went to go back to get the folder a few days later - it was gone. Is there any way I can get another form? Should I be worried ... |
|
 Someone has claimed my son for the 2007 tax year! How do I find out what's going on? |
| My returns were rejected saying that my son has already been claimed. The IRS advices to mail my returns and when they process them in 4-6 weeks I will get a letter advising I have to prove my legal ... |
|
 If i don't report some of my income to the IRS on my taxes what will happen? Can they find out? |
| I am pretty much a stay at homemom. I have a small part time job where I made about 4,000 dollars. They did not take any taxes out of each of my pay checks. If I didn't turn the W-2 stub in ... |
|
 What sort of tax and ni would you expect to pay on wages of £450? |
| i have a wife 2 kids if that makes any difference. as i'm not sure if my tax code is ... |
|
 Is money left in your Paypal account from selling things on Ebay seen as income by the government? |
| I've sold a few things around the house on Ebay and I've just left all of my profits in my Paypal account. For tax purposes, does the government look at your Paypal account to see if you�... |
|
 What is the tax in the u.s.? |
| like in canada it's 13% but i wanna know that the tax is for the u.s.... |
|
 I just started working this month, will I be able to claim my daughter on my income taxes? |
how does it work and would i receive a refund?
ive heard of an EIC, does that apply to me?
i am single and my child is 6 months. (i dont receive child support and the father is not ... |
|
|  |
gfierros1 | What happens if you dont file your taxes on time?? |
I was thinking it was gonna be a serious pain in the *** to file my taxes this year cuz i lived in 2 different places and worked at about 5 different places. Doesnt the IRS just send you a bill with a penalty?? If that's the case, I might just go with this option. Anyone know what happens or if I should just wait to get a bill? |
 |
 
Richard M
|
File your taxes. On time. The penalties can be severe.
1. Interest, compounded daily, is charged on any unpaid tax from the due date of the return until the date of payment. The interest rate is the federal short-term rate plus 3 percent.
2. In addition if didn't pay on time, you'll generally have to pay a late payment penalty of one-half of one percent of the tax (0.5%) owed for each month, or part of a month, that the tax remains unpaid after the due date, not exceeding 25 percent. |
|
Judy1
|
If you owe and file late, you'll pay penalties. If you have a refund coming, then nothing will happen. |
|
ed
|
You can file for an extension until August.
If you owe any tax, the amount must accompany the extension request.
If you owe tax and do not file, it may be as long a 1-2 years or so before it is discovered.
Penalties and interest are computed DAILY from the due date.
Don't do what you suggest. |
|
chatsplas
 |
You can file an extension of time to file, granted automatically. However, you are required to pay any tax due, on time.
My advice is pull your stuff together and file--get it over and done with. There are penalties and interest for failure to timely file, or failure to pay tax when due. It makes what you owe grow quickly. |
|
bostonianinmo
 |
Depends. If the IRS thinks that you are due a refund they'll happily keep quiet for 3 years and then just pocket it.
On the other hand if they think that you owe, they WILL send you a bill. The only problem with that is that it may take 18 to 24 months for them to get around to that. By then your debt will have nearly doubled with the penalties for failure to file and late payment of taxes plus interest are tacked on. Oh yeah, and when they do that, they'll figure the HIGHEST possible tax bill that they can come up with. Single, no dependents, no adjustments, no deductions, the whole lot.
You know the saying: You can pay me now or pay me (much more) later. The IRS pretty much lives by that mantra. |
|
efflandt
|
If the IRS and any state(s) figure you are due a refund, they don't care if you file (they just keep your money until you do). You have up to 3 years from normal April filing date to file for a refund.
If you owe tax, you can file Form 4868 for an automatic extension. But you still have to pay any 2007 tax due by this April 15th, or you will get hit with interest and penalties. You have more than a month until then, why wait?
If you lived in more than one state there is likely a form with NR (non-resident) on it to pro-rate your state taxes for the amount of time you lived in each state. |
|
Faith In God (ELJ & Kira)
 |
You can ask the IRS for an extension of time. |
|
Ms. Angel..
|
It is better to file on time, if you can't then request an extension of time to file, you must pay if you owe with the extension. Never wait for IRS to file for you, the interest and penalties will kill you. IF IRS files for you they only claim one extemption, standard deduction and usually single.
And if you don't file on time you won't get the "Rebate". |
|
wartz
 |
You get hit with late filing penalty, late payment penalty and interest. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 28 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 1 month(s) ago
| | | |
9 | 2 month(s) ago
| | | |
9 | 4 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
