Yes. Last year, I dropped a class that I had taken after getting one payment. The VA took that money back when my refund came back. It will also slow up your refund by a week or so.
3 years from the due date of the income tax return. 2006 tax year income tax refund amount will be lost if tax return not filed by April 15 2010.
Because most people simply don't have the controll or ability to estimate and put aside any money to pay the debt/tax at any other time. They would spend it on other things. Also, the money itself is needed through the year to pay for the services and things tax provides....otherwise the Govt would have to borrow funds, pay interest and taxes would be higher.
the govt does not able to run freely...........the free things which one given by govt to people are all stopped........
Called tax fraud. And of course the return is signed and sworn to as true. Bad things happen when you break the law. Doing so where your directly offending the Govt would seem particularly foolish, as they clarly have the ability to respond in force. Clearly, the Govt, IRS, etc systems are well developed to discover such acts, especially any as basic as this, many, many ways.
Absolutely. In fact you must. Sooner the better obviously, but, late filing isn't even penalized that badly (if at all if you have a reasonable cause excuse), and frequently your doing so will get a refund that you had coming, (filing is different than paying). Note: Since the statute of limitations(the laws about how long you can be audited and assessed for mis-reporting), starts running with the filing of the return, unless you file a return your ALWAYS liable for it. So apply for something from the govt., like social security or such, even years from now...have the computer see a missing filing...get a bill...with all penalties, interests, etc...not that unlikely.
Govt or state agencies have the power to offset if you owe them money.
No. Only if you are a co-applicant you assume the debt. I'm not 100% sure about govt debt though.
Taxes.
More than all of it...by a bunch. That is what Deficit Spending is...that the Bush administration did so much of the Govt is now very, very in debt.
the main heads of govt expenditures are DEFENCE sector, railways, imports, education, hospitals, infrasructures. the revenues earn from exports,taxes,return on facilities.
3 years from the due date of the income tax return. 2006 tax year income tax refund amount will be lost if tax return not filed by April 15 2010.
they have 47 trillion
nothing they make money not give it to the us
2.00
Bonds are generally debt investment whereby an investor loans a certain amount of money, for a certain amount of time with a certain interest to a company. And Govt bonds are the bonds issued by the National govt, generally promising to pay certain amount on certain date with a periodical interest payment.
Devolution Revolution
Anti-federalists opposed of having a strong govt. and wanted to keep the bill of rights while the federalists wanted a strong govt. and the U.S. constitution so congress put the bill of rights inside the U.S. constitution. Your welcome =)