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More than likely...sooner or later you will be caught for this criminal act, or need some benefit, (medical, medicare, social security payment, etc) that will expose you..and have more problems than you can imagine for ripping off the rest of us in scociety. Ain't no way to deny it...your simply a greedy thief and parasite on society..be proud of yourself I guess. Even Wall Street thiefs pay taxes...its what makes their self centered greed not criminal.

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16y ago

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Which federal bureau is in charge of collecting income tax?

if you know someone who owes income taxes and never paid you, and is receive disability can you take his disability?


Is credit card interest payments tax deductible?

NO The personal interest is never deductible on your 1040 federal income tax return


Is a annuity check taxed differently than a pay check?

No. You never have any taxes withheld from your NET take home paycheck. After the end of the year when you enter all of your gross worldwide income on your 1040 federal income tax return and you determine your TAXABLE INCOME amount on the 1040 page 2 line 43 where your federal income tax liability amount will be determined on line 44 by your marginal tax rates for the year on your TAXABLE INCOME.


I need a non filing status but i never file tax before.i never worked?

For the federal 1040 income tax return you do NOT have a non filing status available to you. It could be time for you to get out and join the real world and learn some thing about what it takes to make a living for your self.


Can you deduct losses on your 401k on yearly tax return?

No these amounts are only paper losses and you never have reported the deferred compensation amounts on your 1040 Federal income tax return as taxable income and never paid any income taxes on the amount so you do not have any cost basis in the 401K plan YET and these transactions losses or gains are only taking place inside of the 401K plan each year. This is the same thing that happens in the year that you have gains inside of your 401K plan you do NOT report the amount of gains as taxable income on your income tax return either because the transaction are taking place INSIDE of the 401K plan.

Related Questions

How often are corporate income taxes collected by state and federal governments?

never


Is a snowmobile considered a recreational vehicle for federal income tax purposes?

I have never paid tax for mine


Which federal bureau is in charge of collecting income tax?

if you know someone who owes income taxes and never paid you, and is receive disability can you take his disability?


What would happen if federal courts decide divorce cases?

You don't have to bother speculating. Federal courts do not, and never will, decide divorce actions.


Is credit card interest payments tax deductible?

NO The personal interest is never deductible on your 1040 federal income tax return


Is Fuel assistance itaxable as income?

NO it is considered a federal grant and not part of taxable income. Usually payments are made directly to fuel suppliers, so the recipient never actually sees the money.


Stop paying income tax on social security?

You will NEVER be able to STOP paying income tax on your SSB amount as long as you are still breathing and you other sources of gross worldwide income and tax exempt interest and dividends that you are required to report on your 1040 federal income tax return.


Is a annuity check taxed differently than a pay check?

No. You never have any taxes withheld from your NET take home paycheck. After the end of the year when you enter all of your gross worldwide income on your 1040 federal income tax return and you determine your TAXABLE INCOME amount on the 1040 page 2 line 43 where your federal income tax liability amount will be determined on line 44 by your marginal tax rates for the year on your TAXABLE INCOME.


How will accounting cloud computing reduce my income tax rate?

No, accounting cloud computing software will not help you have a reduction in your income taxes. All of us would like to pay no taxes but it will never happen.


If you work in multiple states and pay taxes in multiple states should the sum of your individual state taxable incomes agree with the amount of your federal taxable income?

AnswerI believe so.AnswerNo - even if you work in only one state your State taxable (or gross) income will virtually never equal your Federal taxable (or gross)income. For many reasons. Like State tax is deductible from Federal, but not from itself! Some contributions or types of income too, (like retirement plans, some types of SUI, FICA, etc.), are deductible for one of the taxes, not the other. Etc.In the multi state sceanario you mention - also consider - if you had income in 3 States...one of which doesn't even have an income tax. Hence, no State Taxable income. The remaining two incomes better not equal your Federal.


If something is unlikely to happen does this mean that it will never happen?

No, it does not mean that it will never happen. Impossible means that it will never happen. unlikely to happen does mean that probably it will not happen..


What was cleopatras first employment?

She never was employed....she was royal!