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Yes. There is probably no point if you didn't make any money though.

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14y ago

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Continue Learning about Accounting

If you did not work in 2009 but went to barber school do you have to file a tax return?

It depends on many things such as where you live. If you have been sent a tax return you almost certainly have to fill it in.


Have taxes gone up?

taxes has went up just a little bit tho like 3 or 4 cents.


Do you have to pay capital gains taxes on an inherited property that was sold and inheritance taxes were already paid on the estate?

On the amount the property went up in value from the value used in calculating the estate tax


How do you resolve a bank account levy with the IRS?

You pay the underlying assessment. If they already went to levy an account, you may even be past the time you can protest. If you ignore them long enough...THEY DO NOT go away! ------- In my case, I didnt. They took all the money out of 2 of my accounts. I contacted them and am working to file my back taxes. My CPA says after I do so, I will get a refund of the excess. A levy is a 1 time thing. They did it to my account and I have since put money back in the account and they dont automatically get it unless they happen to do another levy. And they probably wont because I am not running from them anymore ! LOL


How can you find out what your tax liability is if you haven't done your taxes yet?

Obviously, you can't. I assume you are asking this because you want to file an extension. Take your best guess or use last year's liability if nothing significant has changed. Do a rough estimate, this calculator might help: http://www.dinkytown.net/java/Tax10402008.html Or if your income went up by 10% since last year, add 10% to last year's taxes (you just need a rough estimate).