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What happens if your overpaid unemplyment can your federal income tax be withheld?
Wiki User
∙ 15y ago
Yes, government debts can generally be offset by government payments..and States and Feds co-operate. Of course "overpaid" unemployment normally means you filed fo it wehn you didn't deserve it...claiming you were unemployed when you werent' and even lieing on the many places you legally testify that you are answering the Qs honestly. Not doing so is criminal fraud, and it is actually a break your getting by being allowed to pay it back out of jail...something you should clear ASAP.
Wiki User
∙ 15y ago
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Put the steps into the correct order to show what happens to a taxpayer's money Tax return filed Money withheld from paycheck Tax refund given?
When putting the steps of what happens to a taxpayerâ??s money, money is first withheld from the individualâ??s paycheck. The taxpayer then files their tax return and their tax refund, if one is owed, is given.
What happens if tax revenue of the federal government exceeds spending?
There is a federal budget deficit.
When are taxes taken when you have money taken out for a 401-k deduction?
Taxes are imposed when you file your income tax return at the end of the year. Often, people think they have paid taxes on their 401K when they withdraw money from the plan. What happens is that the company handling the 401K plan will usually withhold federal income tax when you make a withdrawal. The taxes withheld is just like when taxes are withheld from your paycheck, in that this is merely a time that you make a preliminary payment toward your potential tax bill. When you file your return is when your actual taxes due are determined and based on the tax amount due, you may owe more or you may receive a refund of the amount you had withheld. You must be careful in that there are penalties for not paying close to the amount due during the year when the income is received.
What happens if you lose your W2?
You can use your last pay stub, if available. If you need a copy of your W-2, it's best for you to request a replacement from your employer because that copy will have all the information you need. Your employer may charge you a small fee for this copy. Some employers or their payroll service provider have W-2s available on-line to their employees. If the employer is out of business, you can obtain a free wage transcript from the IRS. This will give all the information from the W-2 except for the state tax withheld. To get state tax withheld, you can use your last pay stub for that tax year as proof of how much was withheld. Alternatively, the state may have a record of how much was withheld on your behalf, but not all states track it. The Social Security Administration may be able to provide you with a copy, but their fees are quite high.
What happens if I am filing taxes as single and 2 under federal and 2 under NY but i don't have any dependents?
In this case you will most likely end up owing more taxes when you file your return at the end of the year. You withholding allowances claimed during the year only effect the amount of taxes that are withheld and applied to your tax return at the end of the year. It is to your benefit to pay in more during the year so that you don't end up owing a good deal of taxes when you file your return.
What happens if you have too many stamps on a letter?
nothin they still send it and it arrives late as usual You have overpaid for the service, but no credit remains.
What happens to the money when its withheald?
Money that is withheld is put on hold. This money is stopped from going to the person.
What happens if one puts more stamps than needed for a letter?
Nothing happens, the letter will still be mailed. You just overpaid for it. Thank you for your contribution to the operating budget of the United States Postal Service.
What happens if your report card is withheld?
get a scissor and cut in pieces and throw it in the carbage and say to your parent that your teacher didn't gave it to you ;)
What happens when a states law conflicts with a federal?
Federal law prevails.
What happens when there is a conflict between a state and a federal law the?
Federal law prevails.
Put the steps into the correct order to show what happens to a taxpayer's money Tax return filed Money withheld from paycheck Tax refund given?
When putting the steps of what happens to a taxpayerâ??s money, money is first withheld from the individualâ??s paycheck. The taxpayer then files their tax return and their tax refund, if one is owed, is given.
What happens if tax revenue of the federal government exceeds spending?
There is a federal budget deficit.
What happens if you kill a federal employee?
you are charged with murder
What happens on your first federal probation violation?
U die
What is cobra and what happens under the federal cobra law?
yghk
What happens to a person who loses a decision in the court of federal claims?
They can appeal the decisison to the court of Appeal for the Federal circuit.
