0
What else can I help you with?
Can you overpay taxes?
Yes, it is possible to overpay taxes by paying more than what you owe to the government.
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.
How do you get rid of the money that you owe from collection agency without paying them and become good credit again?
how to get rid of the money that you owe from collection agency without paying them and become good credit again
How much do I owe in taxes, including the 6000 that I owe?
You owe 6000 in taxes.
If I claim 2 dependents on my taxes, will I owe 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.
Pay Your Taxes?
If you require a tax extension and do not owe any money to the IRS, then you are in good shape. However, if you do owe money to the IRS, then you are still going to have to pay up by the deadline. Even if you want to get a tax extension, you will have to pay at least 90% of what you owe to the IRS ahead of time. The other 10% of what you owe may then be given to the IRS by the tax extension deadline. Be sure to understand the tax extension deadline rules so you do not get into legal trouble with the IRS.
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.
What is the Last day to file taxes for 2008?
The deadline was April 15, 2009. If you missed the deadline, file your 2008 taxes as soon as possible. If you owed money, you still owe it and interest and penalties are added for every day you wait. If you had a refund coming, it is not too late to claim it.
Can you overpay taxes?
Yes, it is possible to overpay taxes by paying more than what you owe to the government.
If you go to jail for not paying taxes do you still owe the taxes when you get out?
Of course you do, plus penal;ty and interest.Your jail is for the crime of trying to avoid taxes, not in lieu of paying them.
Do you owe the state of Wisconsin?
I don't, but there are any number of reasons that someone might, especially a resident. Someone who is behind on paying state taxes, for instance, might owe the state some money.
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 is the deadline for filing taxes if you don't owe money?
As an individual taxpayer filing a 1040 federal income tax return and you do NOT have any income tax liability and OWE any income taxes on your correctly completed income tax return the final date to file would be October 15 2010.
Can I get out of paying my back taxes?
Paying taxes varies by your income bracket and the state that you live in. Any taxes that you do owe must be paid to avoid your wages being garnished and other harsh penalties.
What happens if you don't file taxes by the deadline?
If you don't file your taxes and are due a refund, the U.S. Treasury simply keeps your "donation." However, if you owe additional tax, file your return right away. The penalties for not filing are much higher than the penalties for not paying, and the longer you wait, the worse it gets. Please see the related link for information on the penalties for not meeting the deadline.
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.
