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You did not file 2006 Tax returns but you would have gotten money back will you get a penalty?
Wiki User
∙ 15y ago
No, although the IRS could file for you which may result in a balance rather than a refund.
Wiki User
∙ 15y ago
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Does the IRS accepts income tax returns from people who have used free services?
No, the IRS does not accept these returns, as these services are free and therefore have no income. To do this would be taking money from a place that does not make any.
Can you close an IRA account?
Yes you can close the account. However if you simply take the money, then you will owe not only regular income taxes on it, but you would be subject to a 10% penalty as well. Unless it is a qualified distribution in which the penalty could be avoided. If you want to simply "move" the money into another IRA then you can do that penalty free by filling out account transfer forms at the receiving institution.
If you take money out of your IRA and you pay your 10 percent penalty on the total amount what taxes would you have to pay?
Early withdraw of money from a traditional IRA before you reach the age of 59.5 is subjected to the 10% penalty and is treated as normal income for the year that you receive the withdraw. IRA distributions are subject to current taxes even in retirement. The benefit comes in that the money grew tax free and you will most likely be in a lower tax bracket during retirement than you were while working full time.
Why would cold air start coming out of the returns?
A positive pressure would push unconditioned (or less conditioned air) from the returns. Also in a system where the equipment is above the returns a temperature drop could be the cause. Lastly some fan problems can cause similar symptoms.
Do you have to file tax returns together?
If the question is do married people have to file joint returns, the answer is no. It would however be foolish from a financial standpoint since it will cost you dearly to file single.
If the CB for Arizona would have been called for the facemask penalty on the last play of that game would GB have gotten the ball back even though the ball was loose before the foul?
No
What would be a good name for the function that takes the amount of time spent shopping and returns the amount of money spent?
Money(time)
How much money would have Lebron got if he had gone to the New York?
not as much as he would have gotten if he stayed with the Cavs. But he's selfish.
I would like know how I can get money out of my annuity?
Ther is probably a penalty involved, but most annuities will allow you to draw 10-15% for emergency without penalty. You should ask your provider about this.
Under what circumstances can you withdraw from a 401K without a penalty?
If you cannot get money from any other source and you need money for something like staving off foreclosure (financial hardship), you can withdraw money with no penalty. Taxes would be need to be paid and you can only withdraw the exact amount you need.
What service would you need if you had gotten your first job and wanted to save money for a new car?
savings account
If you invested 1000 dollars in 1975 what is value today?
If you would have gotten 10% interest, your money would have doubled every 7 years.
Are your deceased spouse's back taxes your responsibility?
The responsibility for any taxes owed will rest with their estate based on business or individual returns. However, if the back taxes were due on returns that included you (joint returns), yes you will be held responsible. You are considered to have gotten the benefit of them not being paid.You would be wise to consult a tax attorney on your situation.
Can you take money out of a 401k twice?
Yes. But, in each case you would pay the penalty and tax on the withdrawal as income that year.
Does the IRS accepts income tax returns from people who have used free services?
No, the IRS does not accept these returns, as these services are free and therefore have no income. To do this would be taking money from a place that does not make any.
Can you close an IRA account?
Yes you can close the account. However if you simply take the money, then you will owe not only regular income taxes on it, but you would be subject to a 10% penalty as well. Unless it is a qualified distribution in which the penalty could be avoided. If you want to simply "move" the money into another IRA then you can do that penalty free by filling out account transfer forms at the receiving institution.
What would be a good name for the function that takes the length of a race and returns the time needed to complete it?
time(length)Money(time)
