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What else can I help you with?
Can the IRS seize a pension if it is your only income?
Yes some pension income can be seized by the IRS.
What happens if I didn't claim income and the IRS finds out?
if the IRS finds out that a person does claim income, the IRS can audit the person. If audited, the person will have to go in person to their local IRS agency and explain the situation.
What are the different IRS 1099 forms used for?
IRS 1099 forms are used to report income that can not be reported elsewhere or considered miscellaneous income.
Can the IRS garnish 401k?
yes IRS will garnish 401k because they see it as a income.
Can the IRS garnish an income tax refund if money is owed from an audit?
Yes, the IRS can, and will, garnish an income tax refund if money is owed from an audit.
How do you get around IRS?
Use an accredited accountant. Doing so yourself may lead to criminal prosecution.
All taxable income less IRS allowable adjustments to income is called?
Adjusted gross income
What does partial amnesty means?
The IRS is encouraging taxpayers who have not filed tax returns, not reported all of their income on their tax returns and/or have taken frivolous tax deductions to participate in this Limited Time Voluntary Disclosure Program.It state that one must initiate participation in the Voluntary Disclosure Program before the IRS finds it out. This will allow one to avoid criminal prosecution and the assessment of significant IRS penalties.
How can you stop someone from using your Social Security number when filing their income taxes?
You will have to get the IRS involved with this. You will have to file a paper income tax return corrrectly and mail it to the IRS then the IRS will be contacting someone to try and determine what is going on and determine who is filing the correct income tax return.
Does the IRS sell foreclosed homes?
No, the IRS only manages income taxes for people and businesses in the U.S.
Who claimed you an your child on their income tax return?
You will have to file your income tax return correctly as a paper income tax return and mail it to the correct IRS mailing address then when the IRS process your income tax return and they have any question they will contact the other taxpayer to get some information about this situation and they may need some more information from you also about this matter. The IRS will decide the matter about who is qualified to claim you and your child on the correct income tax return. The IRS will not tell who did this.
Can credit card companies submit your debt to the IRS as income and make you pay taxes?
They can, and are actually required, to submit your debt to the IRS. If they have written the debt off, it is essentially income to you. It is as if they gave you the amount of the debt. Which means that you have to pay income tax on that income.
