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The requirement to file an income tax return is not determined by whether you owe taxes or not. For example, if you have net self-employment income of more than $400, you must file. If you are subject to Alternative Minimum Tax (AMT), you must file. You may want to file -- because you will get a refund of withheld taxes, or are eligible for the earned income credit or other refundable tax credits, or could get a stimulus payment, or to get Social Security credits. For more information, see the page link, further down this page, listed under Related Links.
What else can I help you with?
Can you be penalized if you do not file your income taxes?
If you do not file your income taxes, you will owe the IRS 47.5% interest. For late filing, you will owe them 22.5% of the total and 25% if you don't file altogether.
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.
When is the best time to file taxes if you owe the IRS?
April 15.
Why would you owe taxes?
As far as federal taxes owed for earning a wage in the United States; anyone who has made over $8000.00 on a tax year has to file a tax return an in most cases will owe taxes to the government.Earning wages will cause you to owe taxes.
I don't owe taxes Should I fill out a Form 4868?
Any 4868 that should have been file was due to be postmarked before April 15 2010. You do have until October 15 2010 to file the 2009 1040 federal income tax return and you will NOT be charged any penalties and interest if you do NOT OWE any income taxes when you file the 2009 income tax return after April 15 2010.
Do you have to file taxes if you owe?
yes
Do I need to file a state tax return if I don't owe any taxes?
In most cases, you do not need to file a state tax return if you do not owe any taxes. However, it is recommended to check the specific rules of your state to be sure.
Can you be penalized if you do not file your income taxes?
If you do not file your income taxes, you will owe the IRS 47.5% interest. For late filing, you will owe them 22.5% of the total and 25% if you don't file altogether.
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.
When is the best time to file taxes if you owe the IRS?
April 15.
Why do I owe 6000 in taxes?
You owe 6000 in taxes because the amount of taxes you owe is based on your income, deductions, and credits. If you didn't have enough taxes withheld from your paychecks throughout the year or didn't make estimated tax payments, you may owe money when you file your tax return.
Why would you owe taxes?
As far as federal taxes owed for earning a wage in the United States; anyone who has made over $8000.00 on a tax year has to file a tax return an in most cases will owe taxes to the government.Earning wages will cause you to owe taxes.
I don't owe taxes Should I fill out a Form 4868?
Any 4868 that should have been file was due to be postmarked before April 15 2010. You do have until October 15 2010 to file the 2009 1040 federal income tax return and you will NOT be charged any penalties and interest if you do NOT OWE any income taxes when you file the 2009 income tax return after April 15 2010.
Can you still file your taxes even if you owe the IRS?
The IRS definitely wants people who owe them money to file their taxes. Also note: today (as I type) is April 4th, so you are not yet late for 2013.
Will I still receive a stimulus check if I owe taxes?
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.
Do you have to file federal and state taxes?
It depends. If you owe money to the government, then yes. Otherwise, no.
You owe the Army can you make payments or will they take it when you file your taxes?
tax full form
