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Q: What happens if you have no income but owe outstanfing bills?
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What happens when your taxable income falls in the lowest tax bracket?

It means that you will owe no income tax.


What happens when you don't pat bills and shopkeepers can testify that?

You owe the shopkeepers money, simple as that.


If you owe hospital bills will hospitals work with you if you are out of work?

no


What does declared insolvent mean?

Maybe look at another wedsite Insolvent means you cannot pay your bills, or more specifically, you owe more than you can pay based on your current income.


What age do you no longer owe income tax?

Age is not a factor. If you have income then it is taxed.


What happens when you have your mobile home repossed an you still owe money?

do you owe money for a mortgage with a bank. if so then that is why the bank repossed your property in the first place, and the sale at auction will be at a price where the bank sells your house for the amount of the note you have with them. if you owe money to credit cards you are still liable to pay . any other bills you have no matter for whatreason you owe them, the only out you have is to declare bankrupcy and all your bills will disappear, if you want you can reapply for credit cards after 2 years and start all over again.


How do you find out how much you owe in past medical bills?

Ask the biller.


Do you have to pay income tax on taxable income if that was your only income?

Sure you do if you owe any amount after your income tax return is completely correctly.


Can you improve credit without a co-signer?

Nothing happens immediately in building credit. You could take out a secured loan from a bank and pay on it regularly for a time. Pay all your bills on time, make sure you don't owe more than 33% of your income and things should go well without a co-signer.


No longer on Social Security but owe can your income tax be garnished?

Yes. If you owe the federal government money, the Department of the Treasury can withhold your income tax refund to satisfy the debt.


Can you be penalized if you do not file your income taxes?

If you do not file your income taxes, you will owe the IRS 47.5% interest. For late filing, you will owe them 22.5% of the total and 25% if you don't file altogether.


Where do you find out how much do you owe?

I would like to know how much i owe on my bills and debt collection. Is there away that i could find out please.