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Q: What happens if you have the wrong number of dependents on your taxes?
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What happens when you put the wrong birth date when you did your taxes and you turn it in?

Age isn't particularly relevant, excpet if you made yourself falsely old enough to qualify for an additional deduction, in which case you should mend and correct it.


Can you electronically file your taxes if you are married filing separately in Texas?

no way totally wrong


What happens if you don't pay taxes?

This is a great question that requires more than a simple answer. The basic answer is if you don't pay your taxes the IRS will either levy your wages, your bank account or they will put a federal tax lien against your social security number. Sometimes taxpayers confuse non-payment of taxes with non-filing of their tax returns. A taxpayer can file their tax return and then not pay the taxes they owe. If this is the case then everything mentioned above would apply. Then there are situations where a taxpayer may choose to not file a tax return. If no tax return is filed then there is nothing to pay, right? Wrong! The IRS has a record of the taxpayers earnings and knows the taxpayers owes taxes even though the taxpayer did not file a tax return. If a taxpayer does not pay their taxes they face strong collection activities by the IRS. If a taxpayer does not file a tax return this is considered tax evasion and the IRS can put you in jail! You will find the answer to all of your questions if you seek professional advice.


What happens when personal and business taxes are reduced?

People and businesses pay less taxes.Government deficits and borrowing grow.Sometimes the extra money that people and businesses have is spent, sometimes it is invested. When the money is spent, it generates additional sales and property taxes. When it is invested it can generate additional income which can result in additional taxes.Whether the additional taxes generated by the additional spending or investment are more or less than the amount that the taxes were reduced by is a very controversial issue. Under the right total combination of circumstances, the additional economic activity can generate more taxes and more than make up for the reduced taxes. Under the wrong combination, it can cause deficits, infrastructure neglect, increased government borrowing and a general economic downturn. You can never predict the future of the economy by looking at just one factor.


What is IRS tax?

The IRS is the Internal Revenue Service. It is an agency inside the United States Department of the Treasury that is in charge of administering the tax laws of the United States. Since the IRS is in charge of collecting federal taxes, some people refer to federal taxes as IRS taxes. While this is not strictly wrong, it sounds ignorant.

Related questions

What happens if you don't use a calling code for overseas?

You will either reach a wrong number or your call will fail to complete.


Colonists who felt that the king was wrong to place taxes on them were?

The colonists who believed the taxes that had been imposed on them were wrong were known as the Patriots. They formed groups that would encourage other citizens of the colonies to take action, rather than allow the taxes to stand.


What happens when you put a tire on wrong?

why/how do you think you put it on wrong?


What happens to ionization energy as atomic Number increases within a group?

and i thought answers could answer my question, this proofs that they're wrong


What happens if you enter the incorrect social security number for your child on your tax return?

If you enter a wrong social security number for the child you would have to amend your tax return and add the correct number.


What happens when you have the wrong Social Security number on a credit application?

If You Applied For Credit They Will Revoke The Loan. If This Was A Mistake. If They Have Put Your SS # Wrong, Contact Them Either Way To Resolve This. It Will Be Best In The Long Run.


What happens when you put the wrong birth date when you did your taxes and you turn it in?

Age isn't particularly relevant, excpet if you made yourself falsely old enough to qualify for an additional deduction, in which case you should mend and correct it.


Why did Washington think that asking British government to reduce taxes is wrong?

right


What does it mean when your federal taxes have been impacted?

It means they're coming in wrong and pressing up against your other taxes. You need to have the IRS extract them.


What do you do if you filed your taxes with the wrong social security number?

you hope the IRS doesn't find out about it, not. you contact the tax company and tell them you made a mistake and fix it. they should send you a new form and you can refill it


Can you electronically file your taxes if you are married filing separately in Texas?

no way totally wrong


What did states send to congress?

States did, and still do, send delegates to congress.