 Why do I owe SO MUCH money? |
| I make $37,000 yr with a taxable interest income of $1,033. In previous years, I earned slightly more but got a refund. This year, I owe the Fed $214 and State $600+! What am I doing wrong???... |
|
 Can a 17-year-old move out of their house legally before turning 18 in NC? |
| I am a 17-year-old girl living in NC and I wanted to know if i can legally move out if I only have 5 months till I turn 18. I am not only moving out to just have freedom, my home life is terrible. My ... |
|
 When emmigrating to another country do you lose your entitlement to uk state pension? |
Ive been woking for a while and have paid a fair old whack of national insurance and tax in my working life.
If i was to emmigrate to another country would i lose my basic uk pension. (Can i ... |
|
 Well I have got to pay my road tax on my car today £99. My question is? |
| What could I have bought for the £99 if I did not have to tax my poxy car with it.... |
|
 Can I file head of household & claim my fiance as dependent on 2007 tax return ? |
| in 2007, He has bought and sold some stock & made $1700 in his traditional ira, earn $1007 interest on certificate deposit in his traditional ira, he cashed in US saving bonds & earn $1245.60 ... |
|
 I have a tax question.......? |
| I filed my taxes last week and everything was fine until I got my return and it was only half of what if was supposed to be. It turns out that the student loan I have been paying off for a year and ... |
|
 When are taxes due? |
| And what happens if I mail it in a couple days late?!... |
|
 Did anyone who filed thru turbo tax get rebate direct dep.? |
| I had read on the turbo tax website that if you elected to have the fees taken out of your refund you would get a paper check for your rebate. The IRS says different so I would like to know if anyone ... |
|
| How do i find out more about the h&r block thing where all you need is you last pay stub? |
i have check their web site and don't see any info on it.
Additional Details
i wanted to know before i leave home im an hour away from anything. and i don't want to make a trip ... |
|
 What to do if I know someone cheated badly on their taxes to get a bigger return? |
| I know these two people one of which is paid under the counter and so therefore is not entitled to any kind of tax return but somehow managed to come up with something to be able to get a tax return. ... |
|
 Can a 17 year old file their own taxes even if they are someone's dependent? |
| My younger sister is 17 and had worked for the last 3 months of 2006. She will be starting college in the fall and needs to start applying for financial aid for the 2007-2008 school year. She lives ... |
|
 Employer JUST gave us the 1099 on April 3rd....can I turn him into the IRS? |
| My husband was just given his 1099, we had been asking for it since the middle of Feb. from the employer. Then when we got it there was 10K more reported than actually earn wages earned........the ... |
|
 After typing in wife's W-2s, the refund amount lowered. What should I do? |
| It was first time for me to file jointly and didn't know that I had to type in her W-2s. I used TurboTax to e-file the return, and received the refund. Later I found out I had to put in her ... |
|
 What is your gross yearly income, and what is your age? |
Also, are you a high school graduate, college graduate, doctor, etc.?
Additional Details
What level of education have you attained?
I am 21...high school graduate, some ... |
|
 Should i claim incapacity benefit? |
| I left work due to bullying and am now on income support. I am finding it hard to make ends meet and really need to get back to work. The effects of the bullying, however, have hit me hard and i ... |
|
|  |
joe b | Will I get that I.R.S. refund even though I'm paying them in monthly installments for back taxes? I filed. |
|
 |
 
Richard M
 |
No. The IRS will collect your rebate first.
According to the IRS:
Q. I'm eligible for a payment but I still owe federal income tax from a prior year. Will my payment be reduced?
A. Yes. For this purpose, the stimulus payment is treated like any other tax refund. This means that part or all of your payment can be used to pay past-due federal or state income taxes or non-tax federal debt such as student loans and child support. If this occurs, you will receive a letter explaining how the stimulus payment was applied. |
|
livn4themin
|
It will probably go towards the unpaid debt you owe them. |
|
financialpeas
|
NO. If there's one thing the IRS is efficient at, it's seizing from or not sending money to people who owe them money. |
|
SuperCactus
|
Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don’t pay taxes would get $300 rebates.
Most households will get these checks, although individuals with adjusted gross incomes of more than $75,000 and couples making more than $150,000 will see less or nothing at all.
The biggest change since the original proposal: Those who paid no income taxes will get $300 as long as they earned at least $3,000, including veterans disability or Social Security benefits. Checks start going out in May...though the IRS will already be overwhelmed processing 2007 tax returns, so you may not get a check until July or after.
Remember, this is your money you're getting back, and the rebate checks are basically an advance on your 2009 refund. You will get a reduced tax refund next year.
The only people for whom this really is free money are low-income folks (those who earn at least the minimum $3,000 required to trigger the checks or who receive at least $3,000 in Social Security or veterans benefits) who won't end up owing any taxes for 2008.
The first rebate payments could begin going out in May, and most people could have them by July, though the IRS will already be overwhelmed processing 2007 tax returns.
The rebate is not taxable at the federal level, and it's unlikely the states would tax it, though that's not entirely clear at this point.
The only people for whom this really is free money are low-income folks (those who earn at least the minimum $3,000 required to trigger the checks or who receive at least $3,000 in Social Security or veterans benefits) who won't end up owing any taxes for 2008. |
|
Judy1
 |
Are you talking about the rebate? No, it will be taken toward what you owe. |
|
AnnieG
|
irs keeps a detailed account of what you owe. they will take their dues before paying out your refund |
|
cala69
 |
talk to the IRS they will tell you straight up, that you are screwed like the rest of us. |
|
Ms. Angel..
 |
PER your installment agreement: any refunds due to you will be offset to your balance. You must still make your installment agreeement payment to risk default of the installment agreement. |
|
EJ
 |
They will apply it towards your debt.....most likely
it sucks in one way but at least your debt goes down... |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 30 minutes(s) ago
| | | |
9 | 56 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
