Dear Taxpayer, I'll try to answer your question based on what I understand it to be although the phrasing is somewhat vague. If you have a bank account that pays interest, (as many banks have) then you have interest income that will need to be reported on your tax return whether you are filing for the current year or for past years. A bank reports interest income on form 1099-INT, one copy goes to you and the other to the IRS. If you don't have a copy of the 1099-INT for the year in question then you can contact the bank and request one for your records. If the bank is either closed or non-responsive, I'd suggest that you contact the IRS and request a copy of your wage and income transcript for that year. Within 30 days you'll receive a copy of your income information for the year in question. If your account is not an interest-bearing account then you don't pay "additional" taxes on the monies. If you received these funds from your employment, then it gets reported to the IRS on your W2, if its from Self-Employment, then it gets reported on a 1099 or from self-reporting. Regardless of whether you keep the money on a bank account or under your mattress you pay taxes when you get paid, if you then put the money on the bank, you'd only be taxed on the interest received. Should you have additional questions make sure to consult a tax professional. Good luck. www.irs101.blogspot.com
Yes!! if you filed your taxes and will be receiving a refund via your checking account you will receive your stimulus check early...I did.
If you filed an original return, 3 years from the date it was filed and assessed.
90 million?
yes, they can write a supplemental report to the original
The IRS has a web page that explains exactly what to do. Different tax forms require different amendment forms. If you are talking about a state tax filed, go to the state website.
Was that debt including in bankruptcy.
It will probably be two or three years before you are able to open up a checking account. Bankruptcy severely effects your credit.
Woodforest Bank found in Wal-Mart is a "second chance" bank. They do no credit checks.
Yes!! if you filed your taxes and will be receiving a refund via your checking account you will receive your stimulus check early...I did.
There are many methods, the simplest of which would be sending a query to all banks within a given radius and if they find your bank, then the writ of execution gets filed. Further, if you ever paid the debt with a personal check, then they already have your banking information. Lastly, you can be served with interrogatories or summoned to court for a debtor's exam where you will be required to give them all of your financial information.
You should start by checking in the court of jurisdiction in the state where the decedent last lived to see if a will was filed.
You are not an executor until you have filed the will for probate and been appointed by the court. You may resign by filing a resignation with the court. The court will require that you file an account and will appoint a successor.
A collection agency can only garnish pensions in PA that is directed deposited in a checking about if the pension is paid by PGBC, a government program if the debtor has not filed an exemption. Typically, the debtor has 10 to 21 to file an exemption.
If you filed an original return, 3 years from the date it was filed and assessed.
If you have officially filed the will for probate you should have received a document called letters testamentary from the court soon after you filed. Present that document to the bank and if they still won't issue a check, get a probate attorney. tiekh@yahoo.com Probate Researcher
After the income tax return has been filed you can NOT change any of the account numbers.
Not only can, but must be.