Can I deduct my laptop? |
| I work from home as a medical transcriptionist. I bought my laptop to finish my online schooling, and for work. I got it in June 2006, and started working in November. I have the reciept. The ... |
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What would be the best way for my husband and I to file our taxes? |
| He's been working, but I quit working in March while I was pregnant and have stayed home with the baby. We have one baby. Should we file seperate or married? Can he claim the baby, me and ... |
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How can I figure out if H&R Block messed up on my taxes? |
| I have barely any of my tax forms.. is there anyway I can get copys from them? I had a couple jobs, and I qualified for EITC, but I owe this year and I was seeing if that was done wrong.... |
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Het all, I received a letter for a Tax refund from https://www.jicscorp.net/ is this a scam? |
Hey all,
Can you please help me, I receive a letter claiming that I have a goverment check for 2k dollars, and that they will process the necessary paper work for a fee of $135.00
<... |
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Can I work under 16 hours a week and still claim Child Tax Credit not Working Tax Credit? |
| I am a university student with two children. I'm on my summer break and wanted to look for work. I claim child tax credit and wanted to know if I could work under 16 hours without my claim being ... |
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How long should it take the Inland Revenue to get back to you about a tax claim? |
| My fella paid too much tax last year, they told me so on the phone when I told 'em the code on his P60 so I sent it off to the relevant office as they asked with all his details and why we were ... |
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H & R Block question? |
| How does it work when you borrow against your tax return? And what is it called through H & R Block?... |
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I take care of a disabled 26 year old he lives with me can i be able to claim him on my taxes? |
| He receives a monthly check of $636, That is used to half of the rent, but I am the one that pays the other half plus i buy the groceries i provide the transportation to the doctor, school anything ... |
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Can we fill 2years income tax return together? |
| I want to fill the income tax return of my mother.But i want 2 returns to file in this same assessement year.Can i do this or not.... |
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Can someone explain why my tax should go to people who cheat the benefit system? |
| to the other question before (should I report a benefit cheat) I would like to ask is it ok for all people who work hard that they tax should pay the people who cheat on claiming on the benefit ... |
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Can my fiance claim my 2 children and myself on his 2006 tax return? |
| My fiance and I have been living together since June 2005. He has been the sole supporter in the household. I am supposed to be receiving child support (court ordered) from my Ex husband but he has ... |
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How do I claim my daughter on my taxes? |
| I just need to know what info I need to file her with?... |
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Groceries, Gas and taxes? |
Which is hitting your pocket book the worst in your daily life?
A. Gas?
B. Electric?
C. Food/Groceries?
D.Taxes?... |
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What's a good tax program, like Turbo Tax, to use on the computer? |
| We want to go long form this year. I paid thousands in medical bills & we also bought a house in 2006 & think we can get a good refund, but we need to know which tax program we should use. If ... |
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jodi_bim | What should I do if i have no money to pay my taxes? and what are the consquences of not paying? |
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le_roche
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It depends. I'm assuming you're talking about property taxes.
If you have a mortgage on the property, your lender will advance the money to pay your taxes. The money advanced will be added to what you already owe, and interest calculated on the principal balance and the amount that was advanced.
If you don't have a mortgage on the property, the tax collector will add late charges and filing fees. It depends upon the county you're in. In Los Angeles County, for example, the county has the right to recover the taxes owed if they've not been paid in full in five years.
Your best bet is to contact your Tax Collector and arrange for a payment plan. More than likely, penalties will continue to accrue until the taxes are paid in full.
If you're talking about IRS or State Income taxes, contact them and arrange for a payment plan. Once the plan has been approved, get it in writing. Keep in mind that if you don't respond or don't adhere to the terms of your repayment agreement, they may attach your bank account(s) and / or garnish your wages. |
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fantushinka
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First and foremost, don't ignore it. Contact the gov't entity to whom the taxes are owed, and explain your situation. Many times extensions (if you fill out the appropriate paperwork) can be granted to you, or a payment plan set up. Usually these departments are more than willing to work with you on this. They appreciate your being up front about it.
The consequences of ignoring this and ultimately paying nothing are:
1. harrassment
2. seizure of property
3. your credit ruined
4. jail time
This is not legal advice! I'm just old enough to have heard, seen, and experienced lots of taxes. |
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ELIZABETH B
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Make a payment plan with IRS. Don't pretend that the problem will just go away. Penalties & late fees will be added & it will become increasingly more difficult to pay back. I think you can pay maybe as little as $10 a month. Maybe less?? Better to let them work with you than to ignore the problem. |
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waggy_33
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File your taxes and ask the IRS to work out a payment program with you. They will look at your income and debts and tell you what amount to pay over how long. |
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super nerd
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dont pay your taxes and go to jail like everyone else |
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tambo
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Call the IRS and make a payment plan with them. They are willing to work with you if you are making an attempt. The consequences are garnishment of wages and it will be on your credit report. |
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tampico
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first of all do not ever NOT PAY.. they can set up payment plans, but if you ignore the IRS.. they can fine you, in addition to the interest rate they'll charge for the money you owe.. and you'll still owe them the money with interest... and then if you still don't pay... you get to live in jail for a while. doesn't sound like fun. |
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loniemathewson
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I have been in that situation more than once. The IRS will gladly work out a payment plan. JUST DON'T IGNORE THEM! They even gave me an extension on the payments a couple of times when I couldn't make a payment. They will work with you. Also, try to pay more than the min. payment when ever possible because the fees add up drastically every mo. you have a balance. If you have taxes taken out of a pay check claim less dependents so you will not owe the IRS for the next year. If you will be getting a refund for this year you will not receive it. They will apply the refund toward your balance of what you owe them. If you are self employed, set money aside each time you get paid for the taxes on that money. The IRS will help you figure out how much that would be and will set you up on quarterly payments for taxes on the new income so you will not get yourself in this situation every year. Just don't ignore them or they will come down hard on you. If you work with them they will try hard to accommodate your payment needs. I found that as long as I was in contact with them they were very friendly and accommodated me more than I expected them too. |
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First Lady
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If you don't pay, they eventually catch up to you. They will garnish your wagges and even seize property if they have to. Depending on the amounts, that could be considered tax evasion. There are lawyers who specialize in taxes....like for people who can't pay. You can also work out a payment plan with the IRS. Bottomline is that they don't care about your situation. They'll get their money one way or another. |
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