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Can the IRS make you pay for back taxes than are more than six years old?
Wiki User
∙ 15y ago
Absolutely. The Statute of Limitations is on many things...first..on audit and then on assessment. The tax must be assessed within a certain period, and if the amount found is more than 25% of the tax you paid, there is no limit on time (as that's considered fraud). No SOL even starts to run until a return has been filed. Don't file and your perpetually open to assessment and collection. Also many things "toll" the counting of the time, including receiving a notice or request. Ignoring it does not (and should not) work to your advantage.
Wiki User
∙ 15y ago
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Do you get more back on taxes if married?
it depend how many child you have.
Do you claim exempt on taxes if your 17 years old and living with your parents?
not unless you make more money than your folks leave them the exemption.
How far back can you be tax audited?
You can (theoretically at least) be audited forever.However, if the results of the audit show that you owe more taxes, there are limits on how far back the IRS can collect the taxes. Generally, taxes cannot be collected three years after you file a return. If you understated your income by 25% or more, then the limit is six years. If there is willful tax fraud involved, there is no limit. If no return was filed, there is no limit.Even though the IRS might not be able to collect taxes from more than 3 or 6 years ago, they might want to audit an older return if you are carrying over amounts such as capital losses to a more recent year. Even though they might not be able to collect underpaid taxes from seven years ago, they can disallow a carryover you are taking that resulted from a transaction seven years ago. Or they might want to audit older tax returns if there is suspicion of criminal activity or if you are ever nominated to a prominent political office.Note: Limits on state taxes may be different and vary by state.
Can you get more money back on taxes then what was taking out?
Yes some time this can happen.
When do you get your income taxes back?
You get them back if you have overpaid your taxes. You get them back after you file a tax return. Of course, you can avoid overpaying your taxes in the first place. Then you wouldn't have to wait to get them back. Get a new Form W-4 from your employer's payroll or HR department and claim more allowances. Claim enough allowances to wipe out your overpayment. You will get back more in your paycheck every week instead of having to wait a whole year to get your money back.
Can you file for bankruptcy even if you owe back taxes?
Yes, you can, and you may be able to discharge the taxes owed, if they are income taxes for returns filed more than three years prior to filing, unless there are more recent adjustments to the taxes owed.You can also file a Chapter 13 to arrange a payment plan for the taxes, though the IRS has become more amenable to reasonable payment plans without a bankruptcy filing.Consult an experienced bankruptcy lawyer in your area.
Where to get more information about help with back taxes in the state of Washington.?
For major financial problems such as back taxes you should contact a chartered accountant with experience in dealing with back taxes. Their experience will ensure that you get your back taxes resolved with the least amount of trouble.
What requirements for serving your judicial branch?
Must be 30 years old, a natural born citizen,and do taxes and make laws. Also have to check on the congress and president to make sure no branch has more power.
Do you get more back on taxes if married?
it depend how many child you have.
Do you claim exempt on taxes if your 17 years old and living with your parents?
not unless you make more money than your folks leave them the exemption.
How much do the do the federal take in taxes?
The federal government takes taxes on a schedule of percentages depending on income. Generally, the more you make the more the taxes you pay.
Why did the british enact taxes such as the stamp act?
England and France fought over a piece of land for about 10 years. after 10 years of fighting, england lost a lot of money and supplies. to get back on track, they decided to create more taxes for the colonies so that the colonies could help them with the money. one of the taxes that they created was the "Stamp Act"
How far back can you be tax audited?
You can (theoretically at least) be audited forever.However, if the results of the audit show that you owe more taxes, there are limits on how far back the IRS can collect the taxes. Generally, taxes cannot be collected three years after you file a return. If you understated your income by 25% or more, then the limit is six years. If there is willful tax fraud involved, there is no limit. If no return was filed, there is no limit.Even though the IRS might not be able to collect taxes from more than 3 or 6 years ago, they might want to audit an older return if you are carrying over amounts such as capital losses to a more recent year. Even though they might not be able to collect underpaid taxes from seven years ago, they can disallow a carryover you are taking that resulted from a transaction seven years ago. Or they might want to audit older tax returns if there is suspicion of criminal activity or if you are ever nominated to a prominent political office.Note: Limits on state taxes may be different and vary by state.
Can you get more money back on taxes then what was taking out?
Yes some time this can happen.
What did the populists party argue for?
They wanted the rich / upper class man to pay more taxes.
When do you get your income taxes back?
You get them back if you have overpaid your taxes. You get them back after you file a tax return. Of course, you can avoid overpaying your taxes in the first place. Then you wouldn't have to wait to get them back. Get a new Form W-4 from your employer's payroll or HR department and claim more allowances. Claim enough allowances to wipe out your overpayment. You will get back more in your paycheck every week instead of having to wait a whole year to get your money back.
What did the patriots think about taxes?
What do you think about taxes? If we are to have a government at all, then taxes are necessary to keep the burden of government in motion. Preferable slow grinding motion. The more taxes paid a government the bigger that government will become. The bigger a government becomes the more taxes needed to sustain it. The more taxes imposed to sustain the big government will make the government even bigger and even more taxes will be required to...
