What is the penalty for not filing my tax return?

Is there any penalty at all for this?
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1 Answer

Answer :

Yes! There is a HUF 500,000 penalty if you do not submit it, or if you submit it after the penalty has been imposed, you will still have to pay!
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Related questions

When filing your tax returns, can you designate a certain amount of your return to go to a second party, such as a lender?

Description : When filing your tax returns, can you designate a certain amount of your return to go to a second party, such as a lender?

Last Answer : answer:There are tax preparers that will give you a “tax refund” loan. But they will charge you a lot for the privilege of a short term loan. And you have to get your return done by them. Check with H&R Block if you can have it electronically deposited at a third party.

What are the requirements for filing income tax return ?

Last Answer : Income tax return is the means of presenting a brief statement of the taxpayer's annual income to the income tax authority . Taxpayer's annual income-expenditure and assets and liability ... the stipulated time , the concerned taxpayer will be penalized by the Deputy Commissioner of Taxes.

How long is the average time after filing your income tax return that you will receive your refund?

Description : How long is the average time after filing your income tax return that you will receive your refund?

Last Answer : You can usually expect to get your tax return refund 21 days or more from the filing date depending on how you file.

Is there free tax return filing online?

Description : Is there free tax return filing online?

Last Answer : Many websites offer free tax return services. The most accredited are TurboTax, and H&R Block.

What is the penalty for not submitting income tax return ?

Last Answer : In order to give the taxpayer a chance to defend himself, subject to giving notice under section 130, the defaulting taxpayer may impose a penalty of 10% of the last imposed income tax or at least Rs. 1,000, ... levied on his last assessed income or Rs.1,000 / - , whichever is higher . Will not |

I would like to obtain a copy of the irs official "late filing" federal form to extend my return for 6 months. I am working in Philadelphia on contract. My home state is Michigan?

Description : I would like to obtain a copy of the irs official "late filing" federal form to extend my return for 6 months. I am working in Philadelphia on contract. My home state is Michigan?

Last Answer : To get this extension go to www.irs.gov and under forms and publications print Form 4868 and the instruction booklet, follow the instructions, fill out the form and mail it in to the IRS to the address on the instruction booklet.

How much do 2 people filing jointly have to make in order to pay fed tax?

Description : How much do 2 people filing jointly have to make in order to pay fed tax?

Last Answer : Feel Free to Answer

108,991.20 tax tables for filing jointly but at a higher single rate and married w/0 dependents?

Description : 108,991.20 tax tables for filing jointly but at a higher single rate and married w/0 dependents?

Last Answer : If my husband makes $75,000 in 2011 filing married and zero and I make $34,615 filing married but at a higher single rate and zero plus $25 will we owe taxes or get a refund?

what is the rule for receiving tax deductible for medicare paid in for retirees filing jointly, under $13,000?

Description : what is the rule for receiving tax deductible for medicare paid in for retirees filing jointly, under $13,000?

Last Answer : what is the rule for receiving tax deductible for medicare paid in for retirees filing jointly, under $13.000?

What are the procedures for filing back tax returns?

Description : What are the procedures for filing back tax returns?

Last Answer : Filing your taxes is something that everyone has to do on a yearly basis. To file these back returns it is highly suggested to go to a tax preparer, but one can file themselves by requesting the back tax filing paperwork from the IRS.

What are some small business tax information a business owner should know before filing?

Description : What are some small business tax information a business owner should know before filing?

Last Answer : You can go to the following website to find all of the tax information you need to know for a small business: http://www.irs.gov/businesses/small/. They have a lot of useful information.

Is there an official government website that lists free tax filing companies?

Description : Is there an official government website that lists free tax filing companies?

Last Answer : Yes, the IRS.gov/freefile website is an official Internal Revenue Service (IRS) website that has a list of free tax filing companies. Many of these free tax filing companies may have restrictions on income and other factors.

Other than Turbo Tax what other IRS free tax filing services or software is there?

Description : Other than Turbo Tax what other IRS free tax filing services or software is there?

Last Answer : Other popular websites include TaxAct.com, HRBlock.com, FreeTaxUSA.com and many others. The IRS.gov/freefile website has a list of companies that offer free tax filing. There may be income and other restrictions as well as costs for state tax filings.

How reliable is LLC Tax Software for all my tax filing needs?

Description : How reliable is LLC Tax Software for all my tax filing needs?

Last Answer : I would be more likely to trust a popular tax software such as Turbo Tax. Their software is cheap and reliable and will give you step by step instructions for filing your taxes.

How can I do electronic tax filing?

Description : How can I do electronic tax filing?

Last Answer : Turbotax is a great resource for people wanting to electronically file. They have an easy to use interface that walks you through the tax filing process step by step.

I want to file my taxes on my computer this year. Is there any tax filing software for free Or hardly any cost?

Description : I want to file my taxes on my computer this year. Is there any tax filing software for free Or hardly any cost?

Last Answer : You can file your own taxes online using H&R Block's software, TurboTax's software and man others and save over $100-$200 on your tax returns. Prices may vary upon the required tax documents

What are some free income tax filing advice?

Description : What are some free income tax filing advice?

Last Answer : Tax Act is a website that will help process your federal tax return for free. However, there is a $10 charge for the state tax return. You will have to print and file the returns yourself.

How hard is it to get an extension for tax filing?

Description : How hard is it to get an extension for tax filing?

Last Answer : It is very hard to get an extension for tax filing. You will have to have a very good reason as to why you would like an extension on filing for tax payments.

Does starting a new business help you with your tax refund when filing taxes.?

Description : Does starting a new business help you with your tax refund when filing taxes.?

Last Answer : My best suggestion is to inform yourself with information from different resources concerning what starting a new business will do for your taxes. But to directly answer your question then yes, it will ... small business owner. Here is their website to learn about it. www.irs.gov/businesses/small/

Does a US citizen residing in Canada pay the tax penalty for not having a healthcare plan?

Description : Does a US citizen residing in Canada pay the tax penalty for not having a healthcare plan?

Last Answer : AFAIK the requirement is to have a plan while resident in the USA, so no.

Are there any countries that forced a tax penalty on Google ?

Description : Are there any countries that forced a tax penalty on Google ?

Last Answer : Not tax penalties, but Google is in trouble rght now with German data protection agencies for taking pictures of peoples’ homes and storing data from private wireless networks without the owners’ consent.

What is the penalty in Kansas for not paying the property tax for 2 years?

Description : What is the penalty in Kansas for not paying the property tax for 2 years?

Last Answer : They will charge interest per month. They will eventually take the house and sell it. http://www.legalzoom.com/taxes/personal-taxes/what-are-penalties

What is the penalty for an unpaid tax in South Carolina?

Description : What is the penalty for an unpaid tax in South Carolina?

Last Answer : The penalty for unpaid tax depends on the amount of tax due and the type of tax. Consult with your local CPA for additional information.

Will I incur a tax penalty if I compute my taxes incorrectly when I file?

Description : Will I incur a tax penalty if I compute my taxes incorrectly when I file?

Last Answer : There will be a tax penalty if the error you made resulted in less taxes to be paid to the IRS. If you overpaid as a result of your error, then of course you don't owe any penalty at ... are offering a guarantee to pay for any tax penalties that result from mistake they made when filing your forms.

What IRS forms do I need to request waiver of an unpaid tax penalty?

Description : What IRS forms do I need to request waiver of an unpaid tax penalty?

Last Answer : To request a waiver, Form 2210, also known as the Underpayment of Estimated Tax by Individuals, Estates, and Trusts form, must be filed. You can also use this form to calculate your tax penalty if it is not waived.

Is there a penalty or tax penalty for withdrawing from a ROTH IRA ?

Description : Is there a penalty or tax penalty for withdrawing from a ROTH IRA ?

Last Answer : If you are over 59 1/2,certain medical expenses,first time home buyer.,college expenses or certain other uses it may be penalty free, but thier maybe a 10% penalty depeding on your circumstances.

My mother died last year. Donated 99% of her property to Goodwill. What percentage can I deduct on my 2011 tax return?

Description : My mother died last year. Donated 99% of her property to Goodwill. What percentage can I deduct on my 2011 tax return?

Last Answer : answer:Here is the IRS publication that discusses these issues. Excerpt: In general, contributions to charitable organizations may be deducted up to 50 percent of adjusted gross income ... , however. Exempt Organizations Select Check uses deductibility status codes to indicate these limitations.

When it comes to preparing your tax return, what can a CPA do better than an enrolled agent, generally speaking?

Description : When it comes to preparing your tax return, what can a CPA do better than an enrolled agent, generally speaking?

Last Answer : The EA will know what the tax treatment is for a certain type of income, and may know alternative ways to structure the timing of the income for best tax advantage. The CPA may help ... business you definitely need a CPA to help structure both the business' taxes and your personal taxes.

How long does it take to receive the income tax return in Barcelona, spain ?

Description : How long does it take to receive the income tax return in Barcelona, spain ?

Last Answer : answer:I wonder if this jelly ever got his tax refund! Looking back at some orphans, and thought this was a peach of a question. I would assume from his lurve, he (she) asked this one question and drowned…...

Do I need to file a tax return for my deceased father?

Description : Do I need to file a tax return for my deceased father?

Last Answer : Probably. Talk to an estate attorney.

Are illegal immigrants required to file an income tax return?

Description : Are illegal immigrants required to file an income tax return?

Last Answer : Illegal immigrants don't file. Remember they are hiding from the government. But, some do pay taxes. If they are using an illegal social security number they are paying in, their employers are ... them as though they are citizens. But, the majority of illegal aliens are working under the table.

Can i deduct my full time student son on my tax return?

Description : Can i deduct my full time student son on my tax return?

Last Answer : Yes, if you’re providing 50% of his expenses.

Am I getting too much money back from my tax return?

Description : Am I getting too much money back from my tax return?

Last Answer : How many exemptions did you put on your W4? You can go down from 1 to 0 to have the use of more of your money during the year. Why give the government an interest-free loan?

How to file an income tax return ?

Last Answer : : Any income tax office or www.nbr.gov.bd should collect the return form from this web site and fill it by the taxpayer. If you are a new taxpayer, you need to attach one copy of ... of Taxes or any officer authorized by him after submission of return is considered as a tax assessment order.

What kind of action will be taken if someone does not submit income tax return on time ?

Last Answer : In case of non-submission of income tax return within the stipulated time , 10% or at least Rs . , Whichever is more , the Deputy Commissioner of Taxes may impose a fine. Provided that- (1) The total ... on his last assessed income or Rs.1,000 / - , Whichever is more , the penalty will be levied

At what time do I have to file my income tax return ?

Last Answer : In case of taxpayers of all classes except company, income tax returns have to be filed within the period of 3 months from 1st July to 30th September every year. If it is not ... is possible to file returns under the general or universal self-determination procedure within the extended period.

Where to file income tax return ?

Last Answer : : Income tax circle is specified for filing returns of each category of taxpayer. For example , all the civil government functionaries / employees and pensionable officers / employees who are located ... filing income tax returns from the nearest Income Tax Office or Tax Advice Center if required.

What form do I need to file a tax return?

Description : What form do I need to file a tax return as an individual and where can I download it?

Last Answer : I think you're better off hiring an accountant to file your tax return. They only ask for 2-3 thousand forints and they certainly don't spoil it. If you still want to file your tax return, you will find the required forms at the link below. https://www.nav.gov.hu/nav/szja/anyk53_telepit

Tax return - severance pay

Description : What about severance pay, is it income that has to be taxed? And when? As of December 31, 2020, I terminated my employment, but the amount for severance pay was sent to me until January 13, 2021.

Last Answer : What would be the case in this case with the tax return of natural persons for the spouse?

Tax return

Description : Hello, I have been working in a private kindergarten for 4 months and the tax return was prepared by an accountant from the kindergarten and he wants to pay me 250 crowns for filling in the return. Is it entitled to it or should it be paid by the employer? Thank you

Last Answer : If he does it as a private person and doesn't have it in his job, that's fine.

incorrectly completed tax return

Description : What is a threat to a person if they incorrectly fill in a tax return?

Last Answer : It depends on how active the officials at FU are. It happened to me several times that I missed something or wrote something wrong and it was never a horror unless it was a trifle. They used ... . Eventually, the insurance company received a court order that it had to pay damages. After four years.

Did you do better on your 2018 tax return (got more refund in the end)?

Description : Did you do better on your 2018 tax return (got more refund in the end)?

Last Answer : Paying taxes is a huge headache for most people. If we were to be exempted from paying taxes i am sure so many people will be at rest and less stressed out. I usually try to do my tax returns ... waiting until the last minute when everyone is rushing to do what they needed to do maybe a month ago.

What is the state ID number for Indiana Unemployment so I can file my tax return?

Description : What is the state ID number for Indiana Unemployment so I can file my tax return?

Last Answer : If you got taxable income from them then they will have sent youa form with the amount of that income and the state ID number. Ifyou did not receive such a form, you do not need that number.

Do you send a copy of your federal tax return with your Virginia state tax return?

Description : Do you send a copy of your federal tax return with your Virginia state tax return?

Last Answer : Feel Free to Answer

How long does it take Maryland to process a tax return?

Description : How long does it take Maryland to process a tax return?

Last Answer : Need answer

When the IRS Accept your tax return does that mean its already approved?

Description : When the IRS Accept your tax return does that mean its already approved?

Last Answer : No....When the IRS accepts your taxes they are basically sayingthat all your personal info, dependent info, etc matches what theyhave in their system. Your return still has to go through anotherprocess before it is approved.

What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Description : What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Last Answer : he will owe $135

Can a resident file a resident joint tax return if the spouse only has a B-1 or B-2 visa?

Description : Can a resident file a resident joint tax return if the spouse only has a B-1 or B-2 visa?

Last Answer : Can a resident file a resident joint return if the spouse onlyhas a B-1 or B-2 visa

IRS Tax Return Forms?

Description : IRS Tax Return Forms?

Last Answer : I am looking for IRs Tax return forms for 2010

Where do I print out my Federal and my state forms to be able to do my tax return?

Description : Where do I print out my Federal and my state forms to be able to do my tax return?

Last Answer : Where can I get my federal and state income forms. state of Ohio tax forms I need a copy ofthe Schedule L print tax form 1040