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If you still owe money on your 2008 income taxes, it is due April 15, 2009.
Important: Even if you can't pay, you must file on time. If you don't file on time (April 15), the penalty will be TEN TIMES as much as the penalty for not paying. Send what you can with your return. But even if you can't send anything, still file.
If you can't complete your return, file Form 4868 by April 15. In fact, print it out and mail it right now. It doesn't hurt to file it even if you don't need to. It will take you only a minute to complete it:
http://www.irs.gov/pub/irs-pdf/f4868.pdf
You don't have to send any money with your extension, but penalties and interest will start to accumulate on any unpaid balance after April 15. Filing this form by April 15 will avoid the much more severe penalty for not filing as long as you file by October 15 (whether or not you pay).
What else can I help you with?
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.
What if you have no money to pay your taxes?
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.
Is federal money intercepted if owing back taxes?
This depends on what kind of Federal money are you talking about. If you are due a tax refund, the answer is yes this will be applied to back taxes you may owe. If you are referring to some other type of payment, please specify and ask again.
Do i owe taxes if i haven't worked in 8 years?
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
What if you owe IRS but have a refund?
If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
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.
What if you have no money to pay your taxes?
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.
Do you have to file federal and state taxes?
It depends. If you owe money to the government, then yes. Otherwise, no.
Is federal money intercepted if owing back taxes?
This depends on what kind of Federal money are you talking about. If you are due a tax refund, the answer is yes this will be applied to back taxes you may owe. If you are referring to some other type of payment, please specify and ask again.
Do i owe taxes if i haven't worked in 8 years?
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
What if you owe IRS but have a refund?
If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
Can fed take my taxes if i owe state?
if i owe federal taxes will they take my state refund
Why would someone choose to have extra money withheld from their paycheck for federal taxes?
Someone may choose to have extra money withheld from their paycheck for federal taxes in order to ensure that they do not owe a large sum of money when they file their tax return. This can help them avoid penalties and interest for underpayment of taxes.
When is the deadline for paying taxes if I owe money?
The deadline for paying taxes if you owe money is typically April 15th of each year.
What happens if no federal taxes are taken out of my paycheck?
If no federal taxes are taken out of your paycheck, you may owe a large amount of money to the government when you file your tax return. It is important to ensure that the correct amount of taxes are withheld from your paycheck to avoid penalties and interest.
Will you receive a income tax refund even though you have no federal taxes being taken out your work check?
No. In fact, you probably owe money to the government if taxes are not be deducted from your check.
How much money should you pay a year for federal taxes?
You should always pay the full amount that you owe. The amount you owe will depend on how much money you make, your family size, deductions, etc. There is no rule of thumb.
