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Q: What are the taxes owed return of 7200?
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Will the IRS keep my federal return if state taxes are owed?

If you are in the FMS offset income tax program yes and you would be notified if this happens.


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.


What is a deferred taxes payables?

The taxes which is owed by a corporation in the goverment authority.


How much taxes are owe on 20000?

How much taxes are owed on 20000


Where do I go to find out what houses in my town are for sale for the back taxes owed?

Where do I go to find out what houses in my town are for sale for the back taxes owed?


How much in taxes is owed on a 1 thousand prize in Texas?

How much tax is owed on a 1,000 US dollars prize in Texas depends on your tax bracket. You must include details of your winnings when you file your federal tax return.


If you have small business expenses but no income will you get a tax return?

You can get a tax refund (I think that's what you meant) if you paid more taxes in than you owed. So, if you had no income, you would owe no taxes and should get anything back you paid in. Of course, if you had no income, how did you pay taxes?


How are income taxes primarily collected in the US?

By the withholding of taxes from the source of the income and when taxpayers file and pay quarterly estimated taxes with the pay as you earn income system and after the end of the tax year when the taxpayer completes the income tax return correctly and pays any remaining taxes that may be owed after the income tax return is completed correctly. Study Island answer: tax withholding


Do you include taxes collected on a vacation rental as income or keep it separate to pay the taxes owed?

You can simply file the taxes owed on your federal tax return with a Schedule E which will detail all income created on your rental properties and therefore make sure you pay the appropriate amount of income tax. You do not have to keep it separate from the rental income - it can all be reported on the Schedule E.


What actress was jailed for taxes owed?

Selena Gomez


What happens if you have a state garnishment from you job that you are paying and you file your taxes Do the just take the state taxes or do they take your federal taxes if you are in a poverty level?

It depends on what is owed. For instance if you owe back child support they will take what is owed in arrears out of your federal return. This can also happen with a government school loan that is in default and other government debts. However, if you are married filing jointly then there is a form the spouse can file with your tax return that allows the spouse to receive his or her portion of the refund. It is called an injured spouse claim.


Can the IRS take money owed from a savings account?

Typically they can seize liquid assets if there are taxes owed.