It means that your income was to high for any tax deduction of credits to be applied to your return.
You need to find ways to maximize your deductions through business, medical, charitable contributions, reimbursed employee expenses, etc...
There are several ways to decrease your tax debt.
I GUARANTEE I CAN HELP!
And if I can't help, I will file your return for FREE!
Contact my tax service and I will answer your questions with a more in depth explanation.
All consultations are free of charge.
Aaron Valley
A$$URED TAX SERVICES
AARONVALLEY@MSN.COM
407-929-3908
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.
You will have to pay a fine. And pay all the money back that you owe.
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
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.
Yes, a tax chart help you to figure out how much money you owe in taxes. You can find a tax chart online.
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.
You will have to pay a fine. And pay all the money back that you owe.
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
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.
Yes, a tax chart help you to figure out how much money you owe in taxes. You can find a tax chart online.
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.
Yes. Just because they owe back taxes, doesn't mean that it will affect your student aid.
It depends. If you owe money to the government, then yes. Otherwise, no.
Yes. Credit means that you have overpaid and they owe you money.
They can but would not benifit them. They would owe tax.
If by "they" you mean the government, then yes is the answer. Your refund will be held or taken from your account if you owe back taxes. Not only can your taxes be held, "they" can empty your account of any money you have earned if you owe the government money, and have not made any arrangements to pay.With few exceptions, such as a disability check, the governmentcan take your last dime if you are delinquent. Your rent, food, and other bills are not taken in to consideration. The only thing they cannot take is cash, because it is in your hands.
The IRS definitely wants people who owe them money to file their taxes. Also note: today (as I type) is April 4th, so you are not yet late for 2013.