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How will you know if you owe taxes?

Updated: 9/14/2023
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13y ago

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The best and most direct way is to contact the IRS directly. There are many reasons why you would not know if you owe, specially if you have not filed a return in some time. The IRS could have produced a Substitute for Return (SFR) on your behalf, thereby assessing a liability upon which interest and penalties (failure to file and failure to pay) start to accrue.

If you have moved since the last time that you filed a tax return the IRS may be sending collection notices to your old address.

When it comes to the IRS the more pro-active you are the better off you are. The number to contact them is 800-829-1040.

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13y ago
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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.


Can fed take my taxes if i owe state?

if i owe federal taxes will they take my state refund


If you owes the IRS will you receive a rebate check?

If you still owe for 2006 taxes, probably not.


How do you know how much you owe in inheirtance taxes?

The executor will have to fill out the Federal tax forms. They will determine what the taxes are. In order to do so, the estate will have to be valued.


What if you have no money to pay your taxes?

You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.


What kind of attorney would I need to help with back taxes I owe?

You would need a skilled tax attorney to help you with back taxes that you owe. An attorney will be able to help you far better than you can help yourself because it is their job to know everything about taxes.


Do you owe taxes if no federal was taken out?

This is possible but you will not know until you have completed your income tax return correctly.


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.


If you didnt owe money for 2007 but you did owe for past years will you still get a check?

i think if you don't owe taxes for 2007,but owe taxes on prior years you should still get a stimulus check as long as you are making monthly payments on what you owe.


If you sold your car do you owe taxes?

no


Do you have to file taxes if you owe?

yes


What if you owe IRS but have a refund?

If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.