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Your house, your car and your children will got repossessed until you have paid back your debt.
While the above is one possible answer, pros in the field constantly find that generally people who don't understand enough and think they are NOT paying taxes when they should have, are so foolish in reality they have paid lots of taxes they would have refunded, and had other benefits, had they filed returns. That happens because the person generally either made such a small amount (and with deductions/exemptions, etc., expenses) they had no tax payment liability anyway and would have in fact gotten credits provided to them. Or they were indeed working and earning and there already was tax, waay too much (considering exemptions/deductions/expenses, etc) deducted from their pay, they just don't understand how the process works.
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∙ 13y ago
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What happens if you paid your taxes late?
A penalty and interest will be charged.
Which federal bureau is in charge of collecting income tax?
if you know someone who owes income taxes and never paid you, and is receive disability can you take his disability?
Is interest paid IRS on delinquent taxes deductible?
No, personal interest is never deductible, regardless of who it is paid to.
Can federal taxes paid in 2007 for tax year 2006 be deducted for 2007 taxes?
No. Federal taxes are never deductible from Federal taxes! (Even if you paid them the year they were due. Certainly paying them in a later year won't produce a benefit).
What happens if mortgage is paid off but property taxes are owed in NJ?
The same thing happens as in any other state: If the property taxes are not paid, the city or town can take possession of the property by virtue of a tax taking. Such takings are governed by state law. The mortgage being paid makes no difference. There is considerable truth in the old saying that there is "Nothing certain but death - and taxes."
What happens if you are 27 and never filed taxes?
You'll end up owing taxes that need to be paid.
Why did the French aristocracy object to higher taxes?
They had never paid direct taxes in the past.
What happens if you paid your taxes late?
A penalty and interest will be charged.
Why did french aristocracy object to higher taxes?
They had never paid direct taxes in the past.
Why did the French aristocracy object the higher taxes?
They had never paid direct taxes in the past.
When did al copone get out of jail?
tax evasion and he never paid his taxes.
Which federal bureau is in charge of collecting income tax?
if you know someone who owes income taxes and never paid you, and is receive disability can you take his disability?
How does PAYG work?
you pay your taxes as soon as you get paid, this is for people who get paid with a wage or salary not someone you gets paid with a fee.
Is interest paid IRS on delinquent taxes deductible?
No, personal interest is never deductible, regardless of who it is paid to.
Can a car finance company put a lien on taxes.?
I signed for someone to get a car and the person never paid it and i had to return it sobasically it was considered a repo so i got sent to collections and to court, can they put a lien on my taxes
What happens when someone dies in your car do you get paid?
no
Can federal taxes paid in 2007 for tax year 2006 be deducted for 2007 taxes?
No. Federal taxes are never deductible from Federal taxes! (Even if you paid them the year they were due. Certainly paying them in a later year won't produce a benefit).
