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Tax Refunds

~3500 answered questions
Parent Category: Income Taxes
Tax refunds refer to the amount returned to the taxpayer after the taxing authority determines that the actual tax paid is greater than the tax liability. Taxpayers can usually avail of the refund at the end of every financial year.
Yes, State Income Taxes are deductible against Federal income; not the amount you owe the state, but the amount you actually paid through withholding, prior year credits, payments with the prior year state return, and/or estimated payments, during the calendar year for which you are filing Form 1040…
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%DETAILS% Yes, but unfortunately it is tax evasion on your part too. I had the exact same thing happen to me. I bought a car for $3500 10 years ago, and the dealership wrote it up at $750.00, claiming it would save me money. What they really did was two-fold. 1. In most states, the lemon law/…
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They WANT it in as large of amounts as possible but they take what they can get. wage garnishemnt can only take 25% of your DISPOSABLE income. You should get a notice telling you what they can and cant do.
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It makes it LOWER. 2 ways. Get it taken off or wait until it goes away.
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Answer Maybe, you would have to check the benefits on both policies. for more info see www.steveshorr.com/supplemental.htm
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Andrew Divoff From Wikipedia: Andrew Divoff has played many villains in film and on television and is best known for playing Djinn in the first two films of the Wishmaster series. His films range from Another 48 Hours, The Hunt for Red October and Toy Soldiers. Andrew Divoff's TV guest appe…
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There are companies who do this every day. They are called REPO companies. Or Collateral Recovery Agencies. Well, you can alarm the police about it and your cars plate registry would be blathered nationwide. You can file a case against the owner/buyer depending if you had arrangements or contracts…
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      You would need to see if you had been reported to SCAN.
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You must include all reportable income on the final tax return. Under section 61 of the Internal Revenue Code, forgiveness or discharge of indebtedness is gross income for tax purposes, so looks like that is what you need to do.
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How to file for bankruptcy online The following paragraph sounds very intimidating to a bankruptcy consumer, but in reality, it is not. The stack of forms to file bankruptcy is about 1/4 inch thick, there are Mandatory Credit Counseling and Debtor Education courses to take, and a Meeting of Credito…
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It depends on the individual. Your lawyer should be able to answer this question the best because they know the situation. I had this same question. My lawyer told me that no they will not take tax refunds. However, if you owe student loans to the government they could take your refund. I had no pro…
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You need to discuss this with your attorney. Once you receive your tax refund, it's part of your personal assets that could be seized to pay creditors. If you file bankruptcy before you get your taxes then the government will keep your tax refund and put it towards your debt. The bankruptcy court h…
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Normally no. What is most likely to happen is that your bankruptcy will be dismissed for failure to comply with the Trustee's request for the documents.   I agree with Nate; failure to produce the tax refund normally results in dismissal rather than in criminal proceedings. However, if one sp…
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The trustee has several options, but the one you need to be concerned with is REVOKE YOUR DISCHARGE then have you charged with bankruptcy fraud by the F.B.I which rarely results it jail time, but could carry a fine up to $10,000 with a possible felony record.If you can't afford to pay the bills you …
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No. But it could possibly depend on whether or not the BK was accepted. Dependent on how much the refund was and what it was used for. In general, only the assets that you have at the time you file are included, not monies already spent.   No, But if you file, next year you will possabily hav…
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Yes, but beware of the bank or the recipient of the check claiming Fraud.
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Answer I think it depends on when the bankruptcy is discharged, but it would be discussed at your meeting with the creditors and the trustee. If it wasn't discussed, then the refund is yours.
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I think it depends on when your debts are discharged. If they were already discharged, it was a Chapter 7 bankruptcy, and it wasn't discussed at the creditors meeting, then the refund is yours. Besides, imagine if you filed on April 15th. You might not get your refund until later June or almost July…
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Yes. For 3 years. They do not take it all. You will get to keep your EIC and certain other credits that may be given that year. This is per my bankruptcy lawyer.
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No, the seizure of tax refunds both federal and state can only be done with a court order pertaining to circumstances specified under state and/or federal law. An example would be the seizure of the tax refund to pay court ordered child support that is in arrears.
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Liens are only used against real property. It might be possible to levy the person's bank account. MSJ are issued by judges and are often easily overturned.
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Answer No, but if you deduct you should be able to write off the interest on a mortgage loan. Contact a tax professional for details.
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Yes, the entire state and federal refund can be seized for payment of child support arrearages.
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Answer If the debtor has misplaced the account statements and the accounts have been charged off. Eventually the person will receive a letter from a collections agency stating the name of the creditor and the amount of debt owed. The party involved will have thirty days to dispute the account…
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Answer Depends on your state laws... Usually not! If the car has a problem, lemon laws state that the dealership has 3 chances to fix it before they have to take it back. If you're just not satisfied, odds are, you're stuck with it!
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Filing Return While in Bankruptcy Yes, you still have to file your taxes as usual. Any refund will probably be appropriated by the trustee and treated as a nonexempt asset, which will be used for repayment of creditors. Adding As indicated, this is one of your assets and must be disclosed to the…
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Start by getting a copy of your credit report. If you are trying to pay off debts, you might also want to make sure that if you move, you notify the post office of your change of address, so that any future bills will be mailed to you.
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Taxes and Shared Parental Responsibility No, it's however the parents agree at the time of separation. The court papers will indicate how it should be done.
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Answer You will have to be more specific, do you mean re-invest through a 401(k) plan? do you own the company and are re-investing in it, in which case if the money is used on expenses then that becomes an above the line dedution. Basically need more information on your situation Answ…
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Answer If the debtor is entitled to receive an income tax refund or a similar nonexempt asset in the near future, he or she should not file under chapter 7 until after the refund or asset has been received and disposed of. Otherwise, the refund or asset will become the property of the trustee.
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You can usually pick up a set form the local bankruptcy court. You can also purchase a set and a paper goods store like Staples or office Depot. You can also purchase them online. It is really difficult to do on your own, so please consider contacting a qualified bankruptcy attorney.   The fi…
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Life Insurance Answer That is one of the purposes of life insurance. The answer however is no, it would come out of the parents estate. If there is no estate than the gov could be SOL. BUT!!! It may behoove a child (depending on age) to settle the tab with all creditors and the IRS on be…
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Answer Though no one "wants" to file bankruptcy, your question is valid. An income tax return is usually looked at as a lump sum of money to help get back on one's feet. A down payment for a better car, a vacation for a family, etc. If you file a chapter 7, then no, you will not have your tax ref…
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Answer go to accaglobal.com and get a list of "platinum" employers.
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non taxable workmans comp You may have to claim it, but it is nontaxable.
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Answer Do you mean you believe you are owed refunds? Or that you failed to file your taxes for the incomes for those two years 2002 and 2003 and you may owe the IRS. Either way you should contact a tax preparer or contact the IRS, they do have help lines: Such as 1-800-829-1040 IRS Tax Help Lin…
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Answer ON a federal return the standard deduction for 2005 is $ 5,000.00 and single, $10,000 married filing joint and $7,300.00 for head of household. You would have to have more this for it to help. State vary by states. So, if your intemized deductions are more than the base amount for the yea…
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Answer yes you can but if either one of them get a job and the next year want to claim their son one of you all is going to either go to jail or pay back some taxes so you should just leave it alone because unless they know that your going to do that its not a good idea Answer Would it be alr…
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Answer Funds for divorce settlement are not deductible on your federal tax return.  On the other hand, funds for alimony are deductible.  Some divorcing spouses are smart enough to create a situation where 1+1=3 - i.e. agree to process the settlement as alimony if you are moving the …
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The child would have to have their tax return amended and repay any money that they should not have got. If the parents also filed incorrectly, theirs would have to be amended as well.
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Answer If you are due a refund for taxes filed for the 2005 tax year, that refund can be siezed to offset the student loan - and every refund after that too.
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There is no minimum if you've had taxes taken out and you can claim a refund, i.e., if your income is low enough and you don't owe any tax, even if you're not required to file a return, you can claim a refund for what you've paid in.If I am not mistaking , If you make under 10,000 you will get money…
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Answer Depends which country you are coming from. If you are a Canadian citizen, for example, you did not need an I-94, so just write N/A in the blank for the I-94 on the green card application.
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Answer H&R Block's starting pay is different at each office. The offices are independently owned and operated so the pay varies. I work at an office in MI and the starting pay is $11.00 for a first year tax pro. And depending on one's ability, first year pros do schedule C's, (Small business …
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Answer Federal taxes paid or payable, (even if paid in the current year), aren't deductible in calculating your federal taxable income. State income tax payments may be deductible in determining your federal tax taxable income. And refunds received of a prior years State income tax may t…
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Answer Typically a notice via mail is issued prior to the filing period alerting the student loan or child support debtor that their refund may be taken in whole or part to repay these obligations. 1-800-304-3107 is the best way to find out...it's automated.
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click THINGS TO DO and then ARCARDE and choose a game you don't have to give them money if you play a game in webkinz if you play a game they will give you money
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Secret code for HIM's video Kiss Of Dawn bleed well kiss of dawwn code its bleed well.
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IRS, in the USA, is internal revenue service.
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What kind of tax return? I'm going to assume you mean a corporate or partnership return. Salaries should be deducted as a business expense. There is a box for "salaries" or something similar, depending on the returns. Distributions will typically only be seen on the balance sheet of the return.
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Always assume the government is aware one way or another of very large transactions like that. Banks must report any deposits larger than $10,000 to the IRS. --------------- Actually, the govt is not involved when money can be traced from one account to another, as is the case with checks and wi…
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those who earned between $3000 and $150,000. The ones who earned only $3000 will get a smaller refund ( I read that it will be about $300) and the ones at the higher end of the scale will also receive a reduced refund.
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The government has talked about another stimulus payment. However that is different that what you are hearing about now during tax time.The 08 stimulus payment was estimated of your 07 taxes. However, since it was a payment in 08, it is actually based upon your 08 taxes. Therefore you might have got…
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There can be...for certain things: Child support, Student loans and any debt to the government predominately.
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Princess Louise Henriette married Frederick William of Brandenburg.
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If you were entitled to both a state and a federal refund, then you would get two separate checks.
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After the due date passes, penalties and interest will be added to the unpaid taxes. For federal income taxes, the interest rate is currently 4% annually, but the interest rate is adjusted every quarter. The penalty is 0.5% per month for each whole or partial month. Even if you can't pay your taxe…
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Unless you are referring to a STATE tax exemption due to age - during a quick search. I could find no such age exemption for filing U.S. Federal tax returns with the IRS. However, IRS regulations are voluminous and, if I were you, just to make certain, I would cal lthe IRS '800' information number…
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This schedule was for 2009 only and it was to figure the 'Making Work Pay and Government Retiree Credits.' Everyone who is not someone else's dependent (most adults not being taken care of by mom or dad) and who works gets the 'Making Work Pay' credit and will want to fill out this schedule. It's u…
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There was a mistake on my last years return. The IRS says we owe $3600+. We are living on my husband's disability social security and have a son in college. I am still unemployed after being laid off over three years ago. Is there any way to get this reduce? ans Your obviously confused (saying you o…
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That depends on your country.
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Efile online. Taxact.com-federal is free.
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Only if all of the rules are met by you and the adult for you to be able claim a dependency exemption on your 1040 income tax return. For all of the rules go to the IRS gov website and use the search box for PUBLICATION 17 go to chapter 3. Personal Exemptions and DependentsEach test is explained in …
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The IRS tax returns are mailed first class. It's only the booklets that are mailed out second class.
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Whether you have to file a tax return (and the really important but different thing is PAY A TAX) depends, in part, on your filing status, deductions, amount & type of income. There are no such things as "start and stop" ages, not having to pay because of retirement or on social security or work…
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Quite simply, yes. The IRS can take nearly any income or assets from you when you owe money. A tax attorney can sometimes get limits placed on them.
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The Answer is No. It has been voted down along with our COLA just like last year as promised by Obama. 2010, 2011, No COLA No Promised Stimulus Check But Wait till You read This: This is rape plain and simple of our seniors. Two years in a row we go without a COLA and Obama following it with sorr…
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maraming nag-ka2sakit sa dengue. ------------- Ok, it depends. If revenue department consider that you have an unpaid tax and you failed to pay it, they may file you a tax lien. Tax liens are public record and they will appear on your public record, if you are in this situation then it may effect …
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There is no income tax in Oman but there is a corporate income tax for businesses (12 per cent with an exemption limit or threshold of 30,000 Omani riyals). Interesting enough, in upscale locations and many newer restaurants there is a Municipality Tax and a Tourism Tax which add up to about 9%. Hop…
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Ein # 04-6049087
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Every provider of a W-2 is required to have it in your hands by the end of January.
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If you Efile and elect to have your return direct deposited then you could have your return in as little as 8-14 days. If you file a paper return and wait for a check to be mailed to you then it will take a Minimum of 6-8 weeks or longer.
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up to 5% of your 6-month insurance premium. So if you pay 500 dollars every 6 months, then you receive a 25 dollar credit towards your next 6-month premium.
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It means that they have joint liability as a couple and also individual liability, so that each one can be charged separately.
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"Can you?" or "Must you?"The answer to "can you?": Many people will file an income tax return even though the income on the return was below the filing requirement. Even if you do not have to file a return, you should file one to get a refund of any Federal Income Tax withheld.The answer to "must yo…
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Hotel bills must be itemized because only a subset of expenses are tax-deductible. Your lodging, meals, and even items like dry cleaning are deductible. But expenses like using gym facilities, watching paid movies, or playing games are not. Documentation 17 from IRS has a very complete set of inform…
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Yes Depends on when this was asked, no. In 2010 they started the new Modified Efile system and only some returns qualified for that route. Any returns that went to the MEF could be funded on any day of the week. MEF will be the new standard.
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You must call Greendot. 866-963-1620. When prompted to enter your info just hit 0. It takes about 3 times before they actually connect you to a live rep who may or may not speak fluent English. Figures though... You should give it the full 10 days before reporting it "Not received". My taxes have be…
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In many cases yes. Go to irs.gov and search pub 525 and read under "Sickness and Injury Benefits"
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The IRS will start accepting Schedule A returns on February 14th
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I heard it was February 14th.
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If by BAH you mean Basic Allowance for Housing. The answer is no. This is nontaxable income the military gives you to pay for housing. This money should never even get factored into your adjusted gross income though.
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It can, yes. If you owe more in child support than you're getting as a refund, the state is well within their right to take the entire refund.
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For 2010, there is a "making work pay" tax credit of up to $400. If you made below the threshold to pay taxes (around 16000 for single), then you would get all you paid in back, plus some or all of the $400 tax credit. In some instances, employers were able to not withhold the amount for the tax cre…
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Last date for filing Income Tax Return for AY 2012-13 is 31st July 2012.Lord knows what your trying to ask (if it is a US tax Q). You can/must file for forever, there is never a time that you don't. You can pay estimated amounts, without filing and have no financial detriments. If you underpaid, yo…
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How long it will take to fill out a Federal Tax Return will vary greatly, depending on how many sources of income one has, how many deductions or tax credits one is taking, etc. A person who is competent in math and whose only income is from employment (who receives a W-2) and does not itemize deduc…
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Yes they are doing christmas loans...I called my local office and they told me around Thanksgiving they will be offering the loan!
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Yes they are. Starting november 15 2011. This loan really helps out family in need of extra cash for the hoilday.
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After Thanksgiving.
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I wanted to know the same thing so i gave HR block a call, Well on Nov. 30 2011. HR Block will start the offer.
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They are already geared up for the upcoming tax season. Call them at 1-800-829-1040 or visit your local Taxpayer Assistance Center for additional guidance.
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If you didn't even have a last pay stub, or a W-2, you still legally HAVE to file your income tax forms and pay by April 15 of the following year. If you filed, using any information from anything but the required sources, most of which are already filed with the IRS by the one giving it ti you, yo…
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how can iget my w2 online from labor ready intexas
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If something is "sound" it means that it is does not have any flaws or defects. Therefore a "sound" Tax system would be one that worked effectively.
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