 Benefit entitlements? |
| im a single parent of three children 2 teenagers and a 6 yrold in receipt of child benefit and income support i have been told to apply for child tax credits could anyone enlighten me on this ... |
|
 Why does no one report on the fact that the Federal Reserve is a private bank.? |
| Federal Reserve is an illegal intity operating inside our gov. without any oversight. You income tax does not pay for any programs it just pays the intrest on the debt from the Fed. Res. which is run ... |
|
 My uncle left me 7.5mil @ bank Atlantique in Abidjan Cote d'Ivoir do i have to pay Inheritance tax on that? |
| What do I need to do to properly take care of the taxes for California state and federal taxes when I receive this 7.5mil? Do the appropriate taxes automaticly get taken when the transfer takes place?... |
|
 Can my boyfriend claim my 2 biological children as dependants even tho he's not their father? we live in orego |
| We have been together for 3 years and the kids live with us more than 50 % of the time. I dont work, disabled. My ex husband thinks he can claim the kids every year and get the earned income credits, ... |
|
 When filig your taxes, is it illegal to file single with all your children as dependents...? |
| ...if you and your spouse are not legally separated? My wife and I separated and I am letting her claim both of our boys. But, she is telling me that we cannot do that because there is no proof ... |
|
 I heard there was going to be a 2nd tax return for some people this year, can someone give me some details? pl |
| i heard it was gonna be between 300-600$ and it would come as a check in the mail, is this true? and if so, is it for everyone? how do i find out if i qualify? T... |
|
 How much is $500,000 after taxes? |
| Let's say you win $500,000 and you want Uncle Sam to take his right off the top. How much would that leave you?... |
|
 How do you feel about the Fair Tax Plan? |
I have to ask that you know a little something about the Fair Tax Plan before you post an answer. http://www.fairtax.org/s
The FairTax plan is a ... |
|
 On what date do taxes (if owing) have to be paid? |
| I have to do this for a school thing and I have no clue!... |
|
 How long do you have to complete your taxes? |
| I haven't filed my taxes for 2006 yet. Can I still file for '07 and file for '06 later?... |
|
 How far back does the IRS go when a person hasn't filed taxes in say 10 years? |
| who would I talk to about getting it straightened out for him and will it affect my taxes now that we are married?... |
|
 Has anyone who used simple pay received their tax refund yet? |
| I still haven't and I find it nearly impossible to get hold of anyone.I spoke live chat with someone and they were of absolute no help.They basically said 1-3 days,they are processing it.That ... |
|
 I haven't filed my taxes for 3 years! Help! Please!? |
| I'm 22 years old, single and I work as a server. My tips are claimed, I don't own a house or have any kids. I have never filed my taxes but this year I want to get started. I really hope I ... |
|
|  |
lindaweathersbysmith | What will happen if I didn't file my taxes this year at all? |
If I didn't file this last April, but go ahead and file next April, and disregard the last year? Will I automatically get in trouble, or only if I am audited? |
 |
 
Jen
|
If you expect a refund for the year you did not file, you would actually not have a problem filing now, however if you owe money and then file next year, you will get notified of a missing return and any refund you would receive could be held until the return is filed. |
|
Brian G
|
Eventually, you will get a notice from the IRS that they don't have your tax return for the 2006 tax year, and that you need to file it immediately. If you choose to ignore it, they will eventually figure your taxes for you based on the information they have (W-2's, 1099's, etc.) and you will get a bill for what you owe, plus penalties and interest.
It's better to go ahead and file now, even if it is late. If you owe money, and you can pay it, at least you stop the penalties and interest. Don't try to calculate the penalties and interest yourself, let the IRS do that part and send you a bill for that amount. If you are owed money, you only have three years from the filing due date to claim it, and you know the IRS won't send it if they have to calculate your taxes. |
|
Charlie & Angie G
 |
If the IRS thinks you are due a refund you will never hear anything from them. If you don't file your return within 3 years of the due date of the return the government gets to keep your refund.
If the IRS thinks you will owe, they will send you a notice asking for the return, this usually takes about 2 years. If you ignore the notice and still don't file, they will file a substitute for return for you and send you a bill. SFR usually isn't a good thing because they only allow for withholding, standard deduction, 1 exemption and no business expences. You will usually have a lower tax liability if you file your own return. |
|
Gary
 |
First of all, did you have to file based on your filing status and gross income. If you owe money then you will also pay penalties and interest from April 17 of this year to the day you pay your taxes. If you are entitled to a refund, you have to file your taxes to receive it. That also includes your state taxes as well. If you file every year then you have one less thing to worry about. |
|
Judy1
|
Filing for next year won't have anything to do with this year. But if you didn't file and you had a refund coming, you won't get the refund unless you file. And if you owed, and your income was reported on a W-2 or a 1099, the IRS will eventually contact you and tell you how much you owe - it'll be a lot more by then, since there will be interest and a large penalty tacked on. This will happen whether you file or not for the following year. It can take them a year or more to contact you, and by the time they do, there will be lots of penalties charged. If you file now, you'll at least stop any more penalties from accumulating. It's not a matter of being audited - if the income was reported to them, there's a 100% chance that they'll be contacting you - the only question is how long it will take. |
|
Ms. Angel..
|
If you are not current in filing your Federal Income Tax, and you file this current year, your refund will be held until you file your tax return. The refund will not be released until the past return is received an fully processed usually take 6-12 weeks to process a past return.
Go ahead and get it filed today. If you don't have all your wage information call IRS at 1-800-829-1040 and request the information be sent to you. (it is provided for free) if you need forms visit IRS website: www.irs.gov
You could be getting a letter from IRS telling you that they are fixing to file the return for you, which they don't give you any deduction, no dependents and rate you at higher tax.
So it is better you file today. |
|
Deb S
|
I'm sure it doesn't take as long as it used to but expect to hear something within 2 years. They will slap fines on you for not filing on time. Best to do it soon so it doesn't affect next year. |
|
Mike M
|
If you owe "no tax", you really don't need to file before April 15th. But "Red Flags" will go up and how do you really know you don't owe the tax without preparing a return? If the folowing year, you feel you are due a refund, then you'll have to file a late return to prove that you don't owe taxes for the year you didn't file. Penalities and interest are accessed on TAX not paid by the due date, thus; if you know you're going to be late filing, you may request an extension so long as your estimated payments are
(1.) made on time
(2.) cover the total tax due |
|
bostonianinmo
|
It depends. At some point the IRS will look at the information that they have on you. If it looks like you have a refund due, they won't do anything. If it looks like you owe, they'll send you a bill for what THEY think you owe, plus penalties and interest of course.
If you're due a refund there is no penalty for late filing. However if you drag your feet for too long you'll lose out on the refund since you must file your return within 3 years of the due date of the return to get the refund.
Whatever the circumstance are, it's in your best interest to file the missing return RIGHT NOW. If you owe, filing the return will stop the accumulation of penalties for late filing although the penalties and interest for late payment will continue to accrue. And if you're due a refund you'll get it in a few weeks.
Either way, it's in your best interest to get off your lazy backside and clear this up quickly. It's costing you money every day that you delay! |
|
bbcranks
|
It's not what WILL happen. It's what's already happening.
Big Brother is watching... |
|
shark
|
solitary confinement and one year of hard labor |
|
Geoff V
|
You do not have to file your taxes if you have no taxable income. If you do have taxable income, you will not be penalized for not filing your taxes if you are not audited. If you are audited, you will have to pay your taxes with interest, and any finds that may arise. |
|
SnazzyTazzy
|
I have a question my husband had filed for bankrupsy to get rid of a house that he didn't want anymore and we don't have any tax info about the house and didn't file last year, and we owed like $300. When we file this year will we get $$ on our return minus the $300 when we filed our 2009 taxes ?? |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 38 minutes(s) ago
| | | |
12 | 2 hour(s) ago
| | | |
12 | 6 hour(s) ago
| | | |
12 | 8 hour(s) ago
| | | |
12 | 1 day(s) ago
| | | |
12 | 4 day(s) ago
| | | |
12 | 2 week(s) ago
| | | |
12 | 1 month(s) ago
| | | |
13 | 6 month(s) ago
| | | |
12 | 7 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
