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What consequences might one face if he or she cant justify deductions and tax returns to the IRS?
Wiki User
∙ 13y ago
Additional past due income tax that is owed plus the additional penalties and interest that keep on accumulating until the matter is settled with the IRS correctly.
Go to the IRS gov website and use the search box for Topic 201 - The Collection Process
You have rights and protections throughout the collection process. Please refer to Publication 1, which provides additional information on Your Rights as a Taxpayer. More information on the collection process and your rights is available in Publication 594 (PDF), The IRS Collection Process, and in Publication 1660 (PDF), Collection Appeal Rights. These may be obtained by accessing the IRS gov website
Wiki User
∙ 13y ago
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What is allowable deductions?
Try the IRS website. IRS.GOV and type in "DEDUCTIONS" in their serach engine. You might want to be more specific about the deductions you are looking or, i.e. deductions for homeowners deductions for day care deductions for business etc....
What are legal tax deductions in the US?
Try the IRS website. IRS.GOV and type in "DEDUCTIONS" in their serach engine. You might want to be more specific about the deductions you are looking or, i.e. deductions for homeowners deductions for day care deductions for business etc....
Where can i find a list of eligible tax deductions?
Try the IRS website. IRS.GOV and type in "DEDUCTIONS" in their serach engine. You might want to be more specific about the deductions you are looking or, i.e. deductions for homeowners deductions for day care deductions for business etc....
Declaration of income exemptions and deductions claimed?
Deductions take many many forms and names. They depend on situations too and the type of income you have or how you earned it. Your question is entirely too broad to have any list or comprehensive answer. However, as a start: Try the IRS website. www. IRS.GOV and type in "DEDUCTIONS" in their search engine. You might want to be more specific about the deductions you are looking or, i.e. deductions for homeowners deductions for day care deductions for business deductions for travel deductions for investing deductions for medical etc, etc ....
What are the consequences of having pocket money?
The consequences are you might misuse it. Or someone might steal it from you and etc:-
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