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∙ 14y ago
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Can you be penalized if you do not file your income taxes?
If you do not file your income taxes, you will owe the IRS 47.5% interest. For late filing, you will owe them 22.5% of the total and 25% if you don't file altogether.
What will happen if you file the current years taxes and owe for back taxes?
You will have to pay a fine. And pay all the money back that you owe.
When is the best time to file taxes if you owe the IRS?
April 15.
Why would you owe taxes?
As far as federal taxes owed for earning a wage in the United States; anyone who has made over $8000.00 on a tax year has to file a tax return an in most cases will owe taxes to the government.Earning wages will cause you to owe taxes.
Can you still file your taxes even if you owe the IRS?
The IRS definitely wants people who owe them money to file their taxes. Also note: today (as I type) is April 4th, so you are not yet late for 2013.
Do you have to file federal and state taxes?
It depends. If you owe money to the government, then yes. Otherwise, no.
You owe the Army can you make payments or will they take it when you file your taxes?
tax full form
What happens if it's against your religion to file taxes?
The government doesn't care. You owe the taxes and they expect you to file. Others in the past have gone to court with this issue and lost to the government. Better file.
Can a student file taxes even if no money was withheld?
They can but would not benifit them. They would owe tax.
If you claim zero on your taxes will you still owe money when you file?
for best tax return claim 0 at work and when you file claim 1
Can you file your taxes if you owe without paying right away?
It is extremely important to file your taxes ON TIME if you owe money whether or not you can pay. The penalty for failure to file on time is TEN TIMES as much as the penalty you will pay if you file but don't pay. People who can't pay their taxes often don't file. That is the most foolish mistake you can make and it will cost you big bucks. File and send as much as you can. Try to make other arrangements to pay the balance, but even if you can't make arrangements or pay anything, file on time.
If my spouse owes taxes, and I file jointy this year with him, will I them owe those taxes.?
we ae both single amd never made married to one another.
