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If your payment is for a balance owed to the IRS then yes, they will take any money due to you from a refund and apply it to your balance. Should your balance due be less than what you owe them you should receive a refund for what's left.

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16y ago

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How can you find out why imputed income is coming out your pay?

Imputed income is income that is the result of you providing services to yourself, such as owning a home rather than paying rent to another person. It is not normally a payroll deduction. In some cases you can be taxed on imputed income, and that might result in a payroll deduction. The best way to find out why imputed income is coming out of your pay is to ask the person who prepares the payroll about it.


When did employers have to start paying payroll taxes?

Every month


What are some of the benefits for outsourcing payroll?

Some of the benefits for outsourcing payroll is that the company is able to save costs on paying through an outside source, as opposed to paying all the taxes that come with direct payment.


Name of the occupation that does payroll?

There are many job functions in payroll. In a small company, the owner's wife may be the office manager which includes calculating and writing payroll checks and paying taxes. In a larger company, there may be a payroll clerk who reports to an accountant, or a payroll department with a Payroll Director, a Payroll Manager, many payroll supervisors, payroll specialists and payroll clerks. Each has different job functions. The payroll process can be housed in Accounting or in Human Resources.


What tax is not deducted from an employees payroll?

One tax that is not typically deducted from an employee's payroll is the federal income tax for self-employed individuals. Unlike regular employees, self-employed individuals are responsible for paying their own taxes, including both income tax and self-employment tax, which covers Social Security and Medicare. Additionally, certain local taxes or voluntary contributions, such as retirement plan contributions or health insurance premiums, may also not be deducted from payroll.

Related Questions

How can you find out why imputed income is coming out your pay?

Imputed income is income that is the result of you providing services to yourself, such as owning a home rather than paying rent to another person. It is not normally a payroll deduction. In some cases you can be taxed on imputed income, and that might result in a payroll deduction. The best way to find out why imputed income is coming out of your pay is to ask the person who prepares the payroll about it.


we are paying a trustee weekley through payroll deduction .We have a motorcycle we would like to refiance to get our payment lower. Right now we are paying 500. 00 a month a month and we are current. Can you help us?

500.00 Dollars a month is already a fairly low payment. You can try going to an auto dealership to see if they will buy the bike from you and refinance, but in the end even though your monthly payments will be lower, it will end up costing you more.


What is the meaning of 'third party payroll'?

According to me Third party Payroll means If we are not Organisation Payroll and are outsourced by Some consultancy and Consultancy is Paying .


When did employers have to start paying payroll taxes?

Every month


Hnow do you answer what is payroll in job interview?

Payroll is the department that works with paying salaries of employees. This department will tally hours and issue a paycheck.


What are some of the benefits for outsourcing payroll?

Some of the benefits for outsourcing payroll is that the company is able to save costs on paying through an outside source, as opposed to paying all the taxes that come with direct payment.


How you know if you are paying federal withholding?

Check with your employer payroll department about this matter.


Name of the occupation that does payroll?

There are many job functions in payroll. In a small company, the owner's wife may be the office manager which includes calculating and writing payroll checks and paying taxes. In a larger company, there may be a payroll clerk who reports to an accountant, or a payroll department with a Payroll Director, a Payroll Manager, many payroll supervisors, payroll specialists and payroll clerks. Each has different job functions. The payroll process can be housed in Accounting or in Human Resources.


What causes a car repossession?

not paying your monthly bill on it


Is paying income tax a forced process or voluntary?

Income tax is not a voluntary process in any way. Paying tax levied by the government is definitely compulsory. Many people have been jailed for not paying income taxes and this would not have been possible if it was voluntary. There have also been many court cases that have resolved anyone who has tried this type of approach to income taxes.


Does paying principal lower the monthly payment?

Paying the principal on a loan does not lower the monthly payment. Instead, it reduces the total amount owed and can shorten the overall repayment period.


How does paying off principal affect monthly payments?

Paying off principal reduces the amount you owe, which can lower your monthly payments by decreasing the interest charged on the remaining balance.