 How much is your disposable income per month? |
| Well I got no disposable income because at the moment I am spending more than I earn. What about the rest of Y/A ... |
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 How much tax would I pay on £30,000 a year? |
| i.e. how much would I have left to live on!... |
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 Where I work, we have uniforms. We wash them ourselves, not the company. Can i use that as a tax deduction? |
| If so, how is that calculated? I once heard that they average out the cost for dry cleaning and use that. But thats just what I heard. Anybody know?... |
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 Is it annoying when employees ask for another W-2? |
| Does my old employer have a copy of my W-2? What do you think of people that ask for another W-2 this late? Is it possible to even get one that fast? Also is it a hassle to make another W-2. BTW I ... |
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 Where to file Tax? that is not HR block? |
I am just a student, i dont have much a complicated tax returns to file.
However, HR Block said they will charge me $100.00 that is practically about 30% of my tax returns.
I heard ... |
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 Taxes and marriage? |
| My live in boyfriend is disabled and receives about 12K a year in Social Security benefits. I work and make about 35-40K per year. Currently we file our taxes as single and I claim both children ... |
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 When you cash in your Stocks, you have to pay tax? |
| How many %? So it's like a fee, every time you cash in you gotta pay? So it's better to just cash in bulk?... |
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 Why did I only get $300 back from the stimulus package tax rebate? |
| When I got the letter in the mail a month or two ago, based on my W2's, I was going to receive $600. Is it possible that they are breaking the payments up?... |
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 How many people will not get a rebate check because they owe the IRS.? |
| The reason why I'm asking is because if a huge number of people that are suppose to get a rebate check already owe the IRS, then this economic stimulius package does the economy no good. Seeing ... |
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 Can you make corrections to already-submitted taxes? |
| I did my taxes last night using taxact.com - I already received an email confirming that my taxes were received and approved. However, today I received another 1099 form in the mail for some ... |
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 I helped a friend prepare her taxes and she gave false information. Am I responsible? |
| I assisted a friend in preparing her taxes. I was given false information and now I find out that she is being audited and the IRS says that she owes over $9,000 in penalties and taxes. Can I get ... |
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 Tax Question: Single Mother, two children, home owner, and earns approximately $54K.? |
| All of the years I have filed taxes. I have basically received all of my money back. I saw on my paystub that the Federal Government has taken out about $7,900 in taxes and the state (RI) took out ... |
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 Why does the IRS pay people more than they pay in? this is fraud? |
| i believe you should only get back up to the amount you pay in. unemployeds or low income people get back plenty, thousands---while those of us who work everyday pay out of our checks and at tax ... |
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 My husband left me and my son, what do I claim on W4 ? |
| I dont know where my husband is, he walked out on me and my son. We are still married and im going to start working full time ad im unsure of how to fill out my w4. I intend to claim my son for next ... |
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 If you get audited by the IRS and are guilty of a deduction that you can't prove, what happens? |
| Do they just remove that deduction and reconfigure your totals or do you have to pay a penalty for not being able to support your deduction?... |
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MIKEL | What would happen if i didn't file one of my jobs on my taxes? |
I work 2 jobs, one is full time and the other is a part time, I don't even think I make over 8,000 dollars there in a year. I was wondering what would happen if I didn't file them on my taxes, I get less back. |
 |
 
MamaC
|
The job will report your earnings, so the IRS will know you lied on your taxes. They may adjust your return, but more likeley you will set yourself up for trouble. If you didn't earn enough to be taxed you won't, but that isn't decided by how much you make at one job, but by how much you make in total.
In short, don't leave it off. |
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ninasgramma
 |
The IRS receives notice of any W-2 you receive. The W-2 is an IRS form.
If you omit a W-2 from your tax return, you will certainly receive a notice from the IRS. It may take a year or two, but you will certainly receive it. In the meantime, the taxes you may owe will be subject to penalties and interest, which may substantially increase the amount owed. You may be charged penalties for underreporting income and for not paying on time.
If you received an increase in refund by not reporting the second W-2, you will have to pay that refund back with interest from the date of your original tax return.
If your refund included Earned Income Credit to which you were not entitled, you may be excluded from receiving the EIC for up to 10 years.
So, it is pointless to try to omit a W-2 from your tax rturn. |
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dkgroce
 |
If you would get less back why would you leave it off?
If you get audited you could face legal problems. |
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Judy1
|
If you don't file it, the IRS will still get a copy of the W-2 from your employer, so they'll send you a letter telling you that you omitted part of your income from your return, and tell you how much additional tax you owe and give you a date to pay it by. It can take quite awhile, a year or more, before they find it, and by then, interest and penalties will have accumulated so you'll owe a lot more that if you had just paid it in the first place. |
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bostonianinmo
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The IRS will catch up with you in a year or two and will send you a bill for the taxes owed, plus penalties and interest. They already know how much you made and how much was withheld so it's a fool's mission to not file properly.
You will get audited, that's pretty much guaranteed. You won't go to jail, that's reserved for the worst of the worst. |
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pepper_0713
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Thats a gamble. I did that once totally by mistake. It took them 2 years, but they caught up with me. I now owe the IRS alot of money. I wouldnt do it. You dont want to F* with Big Brother. |
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Phurface
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We will catch you... |
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vmoore708
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you could be audited, fined, jail time...who knows what all fun stuff you could be in for...yippee (file your taxes properly) |
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Mr. Prefect
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If you are paid cash, you most likely will get away with it. If you are paid by check, you will be caught, fined, and depending on amount owed and length of time frauding the government, could face jail time.
Now is it worth it? |
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