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Yes. Last year, I dropped a class that I had taken after getting one payment. The VA took that money back when my refund came back. It will also slow up your refund by a week or so.

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12y ago

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Continue Learning about Accounting

How long do I have to file my 2009 income taxes if I am owed money from the govt?

3 years from the due date of the income tax return. 2006 tax year income tax refund amount will be lost if tax return not filed by April 15 2010.


Why do you have to pay estimated taxes?

Because most people simply don't have the controll or ability to estimate and put aside any money to pay the debt/tax at any other time. They would spend it on other things. Also, the money itself is needed through the year to pay for the services and things tax provides....otherwise the Govt would have to borrow funds, pay interest and taxes would be higher.


When the govt has an excess of expenditures over revenues it is said to have a?

When the government has an excess of expenditures over revenues, it is said to have a budget deficit. This situation occurs when the government spends more money than it collects through taxes and other revenues. A budget deficit can lead to increased borrowing and may have implications for fiscal policy and economic stability. Over time, persistent deficits can contribute to a growing national debt.


What will happen if the government does not collect taxes?

the govt does not able to run freely...........the free things which one given by govt to people are all stopped........


What will happen if you file taxes as married if you are single?

Called tax fraud. And of course the return is signed and sworn to as true. Bad things happen when you break the law. Doing so where your directly offending the Govt would seem particularly foolish, as they clarly have the ability to respond in force. Clearly, the Govt, IRS, etc systems are well developed to discover such acts, especially any as basic as this, many, many ways.

Related Questions

How can your federal tax return be taken from you?

Govt or state agencies have the power to offset if you owe them money.


Do you assume your spouses debt when you get married in NY?

No. Only if you are a co-applicant you assume the debt. I'm not 100% sure about govt debt though.


Where does the govt get its money from?

Taxes.


How much of money collected in taxes in 2008 was spent?

More than all of it...by a bunch. That is what Deficit Spending is...that the Bush administration did so much of the Govt is now very, very in debt.


What are the main head of govt expenditure and govt revenue if the expenditure of the govt is more than income of the govt from where the govt bear the expenditure?

the main heads of govt expenditures are DEFENCE sector, railways, imports, education, hospitals, infrasructures. the revenues earn from exports,taxes,return on facilities.


How long do I have to file my 2009 income taxes if I am owed money from the govt?

3 years from the due date of the income tax return. 2006 tax year income tax refund amount will be lost if tax return not filed by April 15 2010.


How much money does German govt have in its reserve?

they have 47 trillion


How much money does Chrysler owe to the US Govt?

nothing they make money not give it to the us


How much money did the US Govt give Libya in 2012?

2.00


Why is investing in government bonds better for those who do not wish to take risks?

Bonds are generally debt investment whereby an investor loans a certain amount of money, for a certain amount of time with a certain interest to a company. And Govt bonds are the bonds issued by the National govt, generally promising to pay certain amount on certain date with a periodical interest payment.


What is the Attempt to return many functions of govt to the state level called?

Devolution Revolution


What were the anti federalist about?

Anti-federalists opposed of having a strong govt. and wanted to keep the bill of rights while the federalists wanted a strong govt. and the U.S. constitution so congress put the bill of rights inside the U.S. constitution. Your welcome =)