You will have to pay a fine. And pay all the money back that you owe.
The executor will have to fill out the Federal tax forms. They will determine what the taxes are. In order to do so, the estate will have to be valued.
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.
You would need a skilled tax attorney to help you with back taxes that you owe. An attorney will be able to help you far better than you can help yourself because it is their job to know everything about taxes.
This is possible but you will not know until you have completed your income tax return correctly.
You owe 6000 in taxes.
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.
You will have to pay a fine. And pay all the money back that you owe.
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.
If you still owe for 2006 taxes, probably not.
The executor will have to fill out the Federal tax forms. They will determine what the taxes are. In order to do so, the estate will have to be valued.
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.
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.
You would need a skilled tax attorney to help you with back taxes that you owe. An attorney will be able to help you far better than you can help yourself because it is their job to know everything about taxes.
This is possible but you will not know until you have completed your income tax return correctly.
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.