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What else can I help you with?
When is the best time to file taxes if you owe the IRS?
April 15.
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.
Can you file your taxes if you owe without paying right away?
It is extremely important to file your taxes ON TIME if you owe money whether or not you can pay. The penalty for failure to file on time is TEN TIMES as much as the penalty you will pay if you file but don't pay. People who can't pay their taxes often don't file. That is the most foolish mistake you can make and it will cost you big bucks. File and send as much as you can. Try to make other arrangements to pay the balance, but even if you can't make arrangements or pay anything, file on time.
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.
When is the best time to file taxes if you owe the IRS?
April 15.
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.
Can you file your taxes if you owe without paying right away?
It is extremely important to file your taxes ON TIME if you owe money whether or not you can pay. The penalty for failure to file on time is TEN TIMES as much as the penalty you will pay if you file but don't pay. People who can't pay their taxes often don't file. That is the most foolish mistake you can make and it will cost you big bucks. File and send as much as you can. Try to make other arrangements to pay the balance, but even if you can't make arrangements or pay anything, file on time.
How long do you have to file your 2006 taxes if you owe?
There is no time limit if you owe. Until you actually file a return, the statute of limitations time limit does not start running. They could theoretically pursue you forever. When you owe money, you should always file on time, even if you can't pay. The penalty for not filing on time is TEN times what you would pay if you filed on time but didn't pay.
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 you get penalized or fined if you do not submit your taxes on time?
Yes. If you owe money and can't pay, at least file on time. Then you may be charged some interest, but no penalty.
