What causes someone to owe money on taxes?
106555
The IRS has a simple equation thus,\nHow much did you earn.....+\nHow much did you spend...-\nGive us the rest...........=
120178
Please explain if you have earned income or not.\n visit the website of irs for complete list of excemptions.Also contact a Tax professional.
217874
Everyone is responsible for their own return no matter who filled it out! If you know someone is cheating on their taxes it really becomes a morel issue more than a legal issue.
177496
You owe them money because your tax liability was more than you paid in. It sounds like you may need to lessen your exemptions down to 1 or 0 if you can. That way, they'll take more out during the year and you should be covered on next years taxes. No, you didn't do anything wrong-this happens to people every year, especially if you live at home with parents or someone else who can claim head of household. Same thing used to happen to me every year when I lived at home. Start saving money, you have no choice but to pay it!\n\nUpdate:\nYou did live with someone else in the year that these taxes are for, so you can't claim a sole provider status, which is what I was trying to say. If you don't pay the money by the 15th, then you start getting into late fees and interest penalties, so they get more money out of you in the long wrong. Try to contact them and work something out.
974153
That depends on who they are collecting for.  Some states have begun to us collection agencies to collect government debts.  Traffic and Parking tickets are the items that surprised me the first time I saw a collection agency take a state tax refund.
450626
No penalty.  The government only cares about late tax returns if you owe them money.  If they owe you money, they're very gratefull for the interest free loan.  Expect to get your refund later than everyone else who filed their returns on time (maybe an extra week).
787195
If we have incurred an expense, then we owe the money to someone.\nAs we are making an adjustment, it means we have not yet received and posted an invoice, so the liabilty has not yet been registered.\nWe therfore need to increase the balance of a liability account.\n\nB is the correct answer.
348266
They are obviously having financial troubles. You can talk to a lawyer to find out what can be done. They owe that last paycheck to you.
993238
First they will take your federal tax returns. Then, if you still don't pay off the balance, they will garnish your wages. 15% of your take-home pay. You must pay the principal of the debt (the amount you actually borrowed) plus the finance charges & any "collection/administrative" costs they accrue, trying to get you to pay the debt.
678605
It depends. If you owe the government money, than interest will be charged on the amount that you are required to pay. However, if you are claiming some of your overpaid tax back, than there is no deadline for you to submit at all. The best way to check and make sure your taxes are done right is through some sort of software program. See http://www.quicktax.com. As well, you can find more information on the Canada Revenue Agency's website at http://www.cra-arc.gc.ca.
52079
You should be getting a letter from the IRS about where the money went. That is standard practice. If not, the obvious one would be an outstanding Student Loan. They will take your money if you have not paid them. Have you done your research? Call the IRS and ask.
757341
It depends on the type of IRS debt it is, and when it occurred. \nGenerally, income tax debt that became due 3 years ago or more is dischargable.\nIf the debt is more recent, it is not dischargable.\nIf the debt stems from other types of taxes due, it is usually not dischargeable.\nConsult a bankruptcy attorney, they usually offer free consultations and you can give them more detailed information so that they can give you a clear answer.\nChapter 13 bankruptcy means there will be a repayment plan, but the same rules apply if your unseured debts plan to be paid back pro rata, instead of 100%.\nAgain, I advise you to consult an attorney in your area.\nGood Luck.
39326
personal taxes are due april 15 unless you apply for an automatic extension until Aug 15. You still must pay what u owe on april 15
399800
I hope I understood your situation correctly.  If you owe the IRS back taxes, they will continue to intercept your refunds until the debt is paid, even if they are also garnishing wages or taking other enforcement actions.  Federal law requires the IRS to do this, so it is not negotiable.\n\nTo reduce the amount intercepted, you may want to reduce the amount you are having withheld from your pay.  (See your company's HR or payroll person for this; you may need to do a new W-4 for them.)  You want to try to strike a balance between overpaying (which causes a refund, which gets intercepted) and underpaying (which will cause you to owe income tax at the end of the year).\n\nIf you can enter into a voluntary agreement with the IRS, they should stop the garnishment.  However, they will continue intercepting refunds until everything has been paid.  I hope that helps you.  Good luck.
600468
it is  possible  to avoid  paying taxes if you get cash up front and don't declare  it but if your caught you in deep sh.... same with social security  contributions
654526
I'm not a tax professional so check this out with one.  Usually there are penalties and interest due on late payments.  It is going to be state specific.  If you are having trouble paying, contact your state tax office and ask to set up a payment schedule.  It may add interest, so ask what additional fees or charges are added to your tax bill.  If you go to the IRS site, you can look around for a link to your specific state.
363232
i am a tax preparer and the best thing for you to do is to go ahead and file and let them (irs) take what you owe so when you get trough paying them you can have your money for yourself.  Please have a dependent so that you can get enough back so that maybe you may only have to pay back two years, not child support but the irs