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.
i think if you don't owe taxes for 2007,but owe taxes on prior years you should still get a stimulus check as long as you are making monthly payments on what you owe.
You will have to pay a fine. And pay all the money back that you owe.
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.
You still owe them. In the US, the IRS has 10 years to collect taxes.
I have asked this question to a friend of mine who worked for the IRS as a Revenue Agent for 19 years. The answer is no. My friens told me that any IRS employee who owes after filing taxes are let go.
i think if you don't owe taxes for 2007,but owe taxes on prior years you should still get a stimulus check as long as you are making monthly payments on what you owe.
You will have to pay a fine. And pay all the money back that you owe.
Perhaps more, if SSIC wasn't taken out of the commissions.
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.
You owe 6000 in taxes.
You still owe them. In the US, the IRS has 10 years to collect taxes.
It means, among other things, that there are no criminal convictions, you dont owe child support, you owe no taxes, and you have filed taxes the previous years.
I have asked this question to a friend of mine who worked for the IRS as a Revenue Agent for 19 years. The answer is no. My friens told me that any IRS employee who owes after filing taxes are let go.
Claiming dependents on your taxes can reduce the amount of taxable income you have, which may lower the amount of taxes you owe. However, whether or not you owe taxes depends on various factors such as your income, deductions, and credits. Claiming dependents alone does not determine if you will owe taxes.
if i owe federal taxes will they take my state refund
Yes, you will still receive a stimulus check even if you owe taxes. The stimulus payment is not affected by any taxes you may owe.
Residents of all states pay federal taxes. Texas does not have a state income tax. If you lived in a different state and worked in Texas, you still have to pay state tax in the state you lived in. If you don't owe any federal tax, your tax professional will file a tax return to the federal government which will get you a refund.