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If you still owe money on your 2008 income taxes, it is due April 15, 2009.
Important: Even if you can't pay, you must file on time. If you don't file on time (April 15), the penalty will be TEN TIMES as much as the penalty for not paying. Send what you can with your return. But even if you can't send anything, still file.
If you can't complete your return, file Form 4868 by April 15. In fact, print it out and mail it right now. It doesn't hurt to file it even if you don't need to. It will take you only a minute to complete it:
http://www.irs.gov/pub/irs-pdf/f4868.pdf
You don't have to send any money with your extension, but penalties and interest will start to accumulate on any unpaid balance after April 15. Filing this form by April 15 will avoid the much more severe penalty for not filing as long as you file by October 15 (whether or not you pay).
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What if you have no money to pay your taxes?
You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.
What will happen if you file the current years taxes and owe for back taxes?
You will have to pay a fine. And pay all the money back that you owe.
Is federal money intercepted if owing back taxes?
This depends on what kind of Federal money are you talking about. If you are due a tax refund, the answer is yes this will be applied to back taxes you may owe. If you are referring to some other type of payment, please specify and ask again.
Do i owe taxes if i haven't worked in 8 years?
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
What if you owe IRS but have a refund?
If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
What if you have no money to pay your taxes?
You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.
What will happen if you file the current years taxes and owe for back taxes?
You will have to pay a fine. And pay all the money back that you owe.
Is federal money intercepted if owing back taxes?
This depends on what kind of Federal money are you talking about. If you are due a tax refund, the answer is yes this will be applied to back taxes you may owe. If you are referring to some other type of payment, please specify and ask again.
Do you have to file federal and state taxes?
It depends. If you owe money to the government, then yes. Otherwise, no.
Do i owe taxes if i haven't worked in 8 years?
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
What if you owe IRS but have a refund?
If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
Can fed take my taxes if i owe state?
if i owe federal taxes will they take my state refund
Will you receive a income tax refund even though you have no federal taxes being taken out your work check?
No. In fact, you probably owe money to the government if taxes are not be deducted from your check.
How much money should you pay a year for federal taxes?
You should always pay the full amount that you owe. The amount you owe will depend on how much money you make, your family size, deductions, etc. There is no rule of thumb.
What happens when a company don't take the right amount of taxes out of your check and in so you owe the federal money?
Ultimately the employee is responsible for setting and monitoring the amount of taxes taken out of a check. Whether the taxes were taken out over the whole year or not, you still owe the government the same amount of money come tax time.
How do you find out if you owe federal taxes?
http://wiki.answers.com/Q/How_do_you_find_out_if_you_owe_federal_taxes"
How much do i owe in taxes if i made 20000 for the year?
The amount of taxes you will owe if you made $20,000 will depend on your deductions. On average, expect to pay about 20 percent of your pay in federal taxes.
