How is it possible that I owe so much money in taxes?

How is it possible that I owe so much money in taxes?
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What kind of question is that? What kind of answer are you looking for?
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What if I don't file my state taxes and the state would owe me money?

Description : What if I don't file my state taxes and the state would owe me money?

Last Answer : Nope. If they owe you money and you don’t file you are fine. I’m not sure why you wouldn’t since you have already done the hard part (filling out the forms).

Confused: Why would I owe taxes?

Description : Confused: Why would I owe taxes?

Last Answer : answer:In my head, glancing at the EZ form and the tax table it looks like you owe $963. I could easily wrong. Hopefully someone who has a pen and paper can do a better calculation for you. I didn't ... it's that simple then it looks like you owe $388. Not sure? What number did you come up with?

If a person you owe money to has died, and the deceased DID NOT have a will, do you still have to pay back the loan?

Description : If a person you owe money to has died, and the deceased DID NOT have a will, do you still have to pay back the loan?

Last Answer : You still owe the estate. The court will decide who gets the money but the debt is property of the estate.

What happens to the things you owe money on when you are in jail?

Description : What happens to the things you owe money on when you are in jail?

Last Answer : Pretty sure you’re not given any sort of pass by your creditors if you end up in jail.

If the person I owe money to dies, do I still owe the debt?

Description : If the person I owe money to dies, do I still owe the debt?

Last Answer : I think the money is still owed even after death. This person is probably the executor of the estate, to put a face on things.

Can a tax chart help you to figure out how much money you owe in taxes?

Description : Can a tax chart help you to figure out how much money you owe in taxes?

Last Answer : Yes, a tax chart help you to figure out how much money you owe in taxes. You can find a tax chart online.

You know how in movies people get in trouble and owe 10s of thousands of dollars?

Description : You know how in movies people get in trouble and owe 10s of thousands of dollars?

Last Answer : I have an idea… no wait… legal. Humm. Do you live in Nevada? Prostitution!

When you pay more than you owe in taxes and the IRS gives you money back, that money is called _________. A. A tax refund B. Gross pay C. Estimated tax D. An audit?

Description : When you pay more than you owe in taxes and the IRS gives you money back, that money is called _________. A. A tax refund B. Gross pay C. Estimated tax D. An audit?

Last Answer : A. A tax refund

How do I find out exactly how much I will owe in taxes next year?

Description : How do I find out exactly how much I will owe in taxes next year?

Last Answer : For me, when I claim 1, I end up with a sizable refund. I don't like getting a refund because that means the government withheld money that is rightfully mine that I could have invested ... they start asking questions and requiring documentation - this year I owe $240 so it worked out rather fine.

Need to reduce to amount of back taxes that I owe. I owe too much.?

Description : Need to reduce to amount of back taxes that I owe. I owe too much.?

Last Answer : Owing back taxes is not very fun. To get rid of this debt, or reduce it (which is probably more likely), talk to a local tax professional. Many cities have debt specialists that offer free services too. Check one out.

How many democratic congressmen owe back taxes?

Description : How many democratic congressmen owe back taxes?

Last Answer : What is the answer ?

How do I make arrangements for tax payment for taxes I owe to California Thanks, VHar?

Description : How do I make arrangements for tax payment for taxes I owe to California Thanks, VHar?

Last Answer : How do I make arrangements for tax payments for taxes I owe to California?

Should I contact the IRS if I owe back taxes?

Description : Should I contact the IRS if I owe back taxes?

Last Answer : Yes definitely contact the IRS with regards to taxes. Often you can workout a payment plan. Many times penalties and interest can be removed. When these are added they increase the taxes that are ... will the IRS. They can often negotiate favorable terms for you regarding the back taxes. Good luck!

on my city tax, if i owe no taxes and aren't getting a refund, can i file a day late?

Description : on my city tax, if i owe no taxes and aren't getting a refund, can i file a day late?

Last Answer : No you need to file anyway or depending on your city they will pentalize you for being late then have to pay a pentality for being late in filing

My ex wife owe over $20,000.00 in back taxes. Years owed 95,98,99, and 2000.I recently filed this missing years and now have a fairly accurate assessment of what we owe. Unable to pay without filing Chapter 7 or 13.Income is stretched to the limit. ?

Description : My ex wife owe over $20,000.00 in back taxes. Years owed 95,98,99, and 2000.I recently filed this missing years and now have a fairly accurate assessment of what we owe. Unable to pay without filing Chapter 7 or 13.Income is stretched to the limit. ?

Last Answer : If she is your ex-wife, you probably aren't liable for her back taxes. Usually, your legal separation agreement will stipulate that you are each responsible for your own taxes. If so, I would think you're off the hook for this.

i am selfemployed and i owe taxes for 2005 and 2006 i cannot pay them because of back and knee apoerations and filed for disability and the keep adding on penality and interest can you help me get them reduced?

Description : i am selfemployed and i owe taxes for 2005 and 2006 i cannot pay them because of back and knee apoerations and filed for disability and the keep adding on penality and interest can you help me get them reduced?

Last Answer : first locate a disability and tax advisor or tax lawyer.they will be able to tell you and advise you ways the IRS wont

how can i find out what i owe taxes on for the year 2003?

Description : how can i find out what i owe taxes on for the year 2003?

Last Answer : Learning tax credit for which your family is eligible, you can only take the credit for the amount you owe in taxes.the following website gives more info abt www.nsuok.edu/finaid/incometaxcredit.html.

I had a payment plan in place to pay my back taxes owed to the IRS (approx 1500) they took my Stimulus Ck and I think my balance might be around 1200 - 1500. How do I find out what I owe them today. and how do i re-enter a new agreement with them?

Description : I had a payment plan in place to pay my back taxes owed to the IRS (approx 1500) they took my Stimulus Ck and I think my balance might be around 1200 - 1500. How do I find out what I owe them today. and how do i re-enter a new agreement with them?

Last Answer : Call the IRS and talk to an agent to find out your balance and how to enter a new agreement with them.

I have delinquent property taxes and they want to take my home. what can i do I owe 2 years worth. I went thru a bad divorce and could not pay.?

Description : I have delinquent property taxes and they want to take my home. what can i do I owe 2 years worth. I went thru a bad divorce and could not pay.?

Last Answer : immediately go to your family lawyer and explain your position, and ask some more time for that one it is better idea.

What kind of attorney would I need to help with back taxes I owe?

Description : What kind of attorney would I need to help with back taxes I owe?

Last Answer : You would need a skilled tax attorney to help you with back taxes that you owe. An attorney will be able to help you far better than you can help yourself because it is their job to know everything about taxes.

Find Out If You Owe Taxes On A Relocation Package?

Description : Find Out If You Owe Taxes On A Relocation Package?

Last Answer : Getting a relocation stipend from an employer can help you offset your moving costs. However, many employees do not realize that they have to pay taxes on a relocation bonus. Depending on how your employer ... doing your taxes less stressful. You do not want to be surprised with a high tax bill.

Let's say you win $10,000. How much will they take out for taxes?

Description : Let's say you win $10,000. How much will they take out for taxes?

Last Answer : answer:Here’s an article from Bankrate.com that explains it pretty well: http://www.bankrate.com/brm/news/advice/20020520b.asp Florida doesn’t have a state income tax, so that helps. I would consult an actual financial advisor though, it definitely varies by state and amount won.

Do you care if the Trump family has been avoiding taxes?

Description : Do you care if the Trump family has been avoiding taxes?

Last Answer : I care and Americans who vote should care. Especially those who pay their taxes fairly and honestly. The last thing Americans should do is justify things like this trump family tax evasion because this is ... to get away with it. Or ignore it if the guilty party aligns with their political views.

What is the best place to do taxes online?

Description : What is the best place to do taxes online?

Last Answer : Turbotax works pretty well. Good luck!

Should I file my taxes online or see a tax consultant?

Description : Should I file my taxes online or see a tax consultant?

Last Answer : I love TurboTax. I did my own taxes for many years, then I had HR Block do it for a few. Unless your taxes are really complicated, TurboTax is the cheapest, easiest way to do your taxes.

Does anyone know about how long direct deposit takes after you use e file for your taxes and your form is accepted?

Description : Does anyone know about how long direct deposit takes after you use e file for your taxes and your form is accepted?

Last Answer : I’ve heard of people getting them in 7–10 days with direct deposit.

How do I file taxes this year?

Description : How do I file taxes this year?

Last Answer : Your filing status should reflect your status on the last day of the year. You should file single, From IRS publication 17. www.irs.gov Divorced persons. If you are divorced under a final decree by the ... . If you have minimal income, let him take the deductions, they are worth more to him than you

As the owner of an LLC, how are my taxes calculated?

Description : As the owner of an LLC, how are my taxes calculated?

Last Answer : Questions like this are why I have a tax man. My brain is hardwired to shut down on this stuff.

What do you think I'll have to pay in taxes next year...

Description : What do you think I'll have to pay in taxes next year...

Last Answer : Look online for Tax Tables. They’ll show you, by income category, what you’ll pay.

Why do people dread doing their taxes?

Description : Why do people dread doing their taxes?

Last Answer : They fear the unknown. Rite of passage into adulthood. That kind of thing.

when are taxes due this year?

Description : when are taxes due this year?

Last Answer : This IRS website says that they are due the 17th http://www.irs.gov/newsroom/article/0,,id=169369,00.html

How did Americans pay taxes before 1922?

Description : How did Americans pay taxes before 1922?

Last Answer : answer:it was originally handled by IT officers that were part of sanctioned local government. It was not heavily enforced and, even in large towns, there were only a handful of IT officers on staff. Often times IT would be handled by “Land Revenue Officers” Highest Regards, Daniel Riser

What will i need to bring to have my taxes done?

Description : What will i need to bring to have my taxes done?

Last Answer : Depends what you do. If you have a fulltime job, bring your W2. If you do any independent work, bring your 1099 forms. If you sold any stock or made any bank interest, bring the forms which show all that info.

Is it possible to live in a developed country without money?

Description : Is it possible to live in a developed country without money?

Last Answer : Yes.

Is there Zakat on the money of the association ? I owe Rs 50,000 / - to one and Rs 47,000 / - to another. We have an association where I have deposited Rs. 150,000 / -. The money of the association is deposited in the bank , no work is done. Do I have to pay zakat ? How much more do you have to pay ?

Description : Is there Zakat on the money of the association ? I owe Rs 50,000 / - to one and Rs 47,000 / - to another. We have an association where I have deposited Rs. 150,000 / -. The money of the association is ... in the bank , no work is done. Do I have to pay zakat ? How much more do you have to pay ?

Last Answer : : If a person has zakatable assets worth the equivalent of 52.5 tolas (612.36 grams) of silver, then zakat is obligatory on him at the end of the year. So zakat has become obligatory in the case ... total amount of Zakat has to be collected by calculation. (Hedaya: 1/196 , Addurrul Mukhtar: 2/30)

Why do men spend SO much more money than women on their prostates?

Description : Why do men spend SO much more money than women on their prostates?

Last Answer : Because women have an analogous, but not nearly as important, gland, but only men truly have a prostate. And the prostate has all kinds of interactions with both men’s sexual health and their urinary tract.

Do I give a homeless person money, if so, how much?

Description : Do I give a homeless person money, if so, how much?

Last Answer : I do. I can only hope he/she spends it for food. If they don’t, meh, I tried. I give whatever I have to give. Welcome to Fluther!

How do some people make so much money?

Description : How do some people make so much money?

Last Answer : answer:People that can afford $10,000 a month on a nice apartment in NYC, where are they working? Usually in finance; investment banks, hedge funds, etc. Or they are the director-level of some ... way up + toot your own horn + create something/have a great idea + networking with influential people.

What happens to people who owe money to drug dealers?

Description : What happens to people who owe money to drug dealers?

Last Answer : answer:Bad choices, no matter the age, can shorten the lifespan. Drug dealers are not likely to cut them loose. The bad debts with a dealer can become statistics. That is how the dealer collect from the ... I'm sorry you are in the position you are in and sorry for the person you are asking about.

How do i Save money to Move out of My Parents' when i owe Loans and Car?

Description : How do i Save money to Move out of My Parents' when i owe Loans and Car?

Last Answer : Could you not join a commune? or share an apartment. Over here we have what is termed granny cottage living, but it is an outhouse or guest-house made into a mini apartment. They are cheaper and ... garden. I guess we could all stay at home because of cost, you just have to jump, and fly!

Lazy Larry agreed to work on a job for his brother-in-law for thirty hours at eight dollars an hour, on the condition that he would forfeit ten dollars per hour for every hour that he idled. At the end of the thirty hours Larry wasn't owed any money and didn't owe his brother-in-law any money either. How many hours did Larry work and how many hours did he idle? -Riddles

Description : Lazy Larry agreed to work on a job for his brother-in-law for thirty hours at eight dollars an hour, on the condition that he would forfeit ten dollars per hour for every hour that he idled. At the ... -in-law any money either. How many hours did Larry work and how many hours did he idle? -Riddles

Last Answer : Lazy Larry worked 16-2/3 hours and idled 13-1/3 hours. 16-2/3 hours, at $8.00 an hour amounts to the same amount as 13-1/3 hours at $10.00 per hour.

How to find out where I owe money everywhere?

Description : Don't you know of any register where I can find out all the debts I can have? Thank you

Last Answer : You'll find out quickly when the executor arrives

How long does it take the irs to take there money you owe them Will my tax refund be offset even though the irs process my tax return?

Description : How long does it take the irs to take there money you owe them Will my tax refund be offset even though the irs process my tax return?

Last Answer : Yes if you owe the IRS money your tax refund will be offset, and usually if they are aware that you owe them money, they will offset it immediately.

How can we know if a charity is legitimate so we won't be throwing our money away?

Description : How can we know if a charity is legitimate so we won't be throwing our money away?

Last Answer : answer:Clark Howard (a financial/consumer wiz I like) has some good basic recommendations Personally, I prefer to look into the charity and find out: -The percentage of donation that actually gets used (not for admin ... . That way I can see my dollars at work and can see what needs I can help with.

Are you working because you want to be doing whatever it is your job/career entails or just so that you have money?

Description : Are you working because you want to be doing whatever it is your job/career entails or just so that you have money?

Last Answer : I just work to live!! :-/ sad huh!!!

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

The choice of a possible criminal over an innocent student which would you do?

Description : The choice of a possible criminal over an innocent student which would you do?

Last Answer : 1. No one deserves to be murdered, guilty or not. 2. If someone held me to gunpoint, chances are I would be too distracted to comprehend such a complex situation. 3. I would only ever kill ... so it would be highly suspicious and I would be tempted to not shoot just to see what happened next.

Is it possible for a Material Woman to be "real"?

Description : Is it possible for a Material Woman to be "real"?

Last Answer : Because it’s all about them. Yes, they can be real. They can be a real pain in the ass.

I just accepted a "gig" on craigslist. How can I make sure that I go about this in the safest way possible, and ensure that I get paid?

Description : I just accepted a "gig" on craigslist. How can I make sure that I go about this in the safest way possible, and ensure that I get paid?

Last Answer : Always meet him in public, especially at the beginning, and let a friend or two know exactly where you’ll be and who you’ll be with. Draw up a contract stating what you’ll do for him and the time frame and what you’ll get in return and when payment is expected. Both of you should sign it.

Is it possible to actually buy time?

Description : Is it possible to actually buy time?

Last Answer : The closer to the speed of light you go, the slower time goes by for you, so in a sense, it is possible to actually slow the passage of time, but no one can actually buy bottled time.