Tax rebate?
do i get a duty rebate check if i am claimed by my parents i make more or less 11,000 a year but i claimed 0 on my w2. HELP! I WANT 600$Answers: If your parents claim you as a dependent, you will be ineligible for the rebate, but you may still benefit under the plan.
While the rebate depends on your 2007 status and income, it is truly a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to nothing percent on the first $6,000 dollars of taxable income for individual taxpayers.
So if you have taxable income contained by 2008, you will see a tax cut when you record in 2009.
Well I want my $600 too, but guess what, the organization decided that I'm too well-to-do for a rebate. Not that it's your fault, but the taxes I salaried will be redistributed to populace like you.
Don't drop for the "everyone who paid taxes will seize a rebate" line. It's a short time ago not true! I made $6,000 more than the $75,000 that is allowed. And trust me, I would approaching to go stimulate the reduction with my $600 as much as you would.
The lesson, don't count on the parliament to take aid of you!
People who are claimed as dependents aren't eligible for the rebate, so no you don't. Sorry.
Form 16 i t return is denied by the employer for year 2004.2005?
despite several requests employer not giving form 16 for year 2004.2005Answers: An employer is supposed to issue the TDS certificate (ie Form 16) compulsorily surrounded by case tariff has be recovered from the salary of the member of staff.
Also, if the salary earn with the employer is contained by excess of Rs 50,000 but below Rs 150,000, the employer may issue Form 16AA.
If you are referring to Form 16 for the financial year 2004'05, the employer has time up to April 30 (ie Form 16 should be issued in 30 days of the end of financial year).
You could put contained by a written request to your company for the TDS certificate. If your employer refuse to issue the certificate you could transport in a grievance communiqué along with relevant proofs -- resembling payslips, to the grievance cell of Income Tax department requesting them for a clearance to file the IT return lacking the TDS certificate.
Before you nick such steps, you would need to take from your company if there is any genuine/practical difficulty contained by issuing TDS certificates. If so, when they can transport it.
Penalty for taxes?
what is the penalty for file single while married for 10 yearsAnswers: Robert's answer is an example of why H&R should only be used for straightforward situations. There is no such file status as married filing single for import tax purposes. If you are living apart from your spouse, you can file as cranium of household, NOT single, if and only if you are paying over partly of the expenses for providing a home for your child who meets multiple requirements.
If you got any toll benefit from filing single, next that would be tax fraud and you can be subject to penalty ranging from fines to prison.
Depends on your filings. If you received credits for which you be not entitled you enjoy committed fraud. If you received smaller refunds than you should hold, you can file amendments for the finishing three years and get the money put money on.
If you have be seperated, abandoned or otherwise estranged from your spouse, you are allowed to record as "married filing single for due purposes" if your spouse did not live with you during the finishing six months of the year.
The penalty would be doesn`t matter what the standard penalties and interest for deferred payment of charge for any taxes that are due for the improperly file returns.
The standard late contribution penalty is .5% per month. Interest is charged at a rate that vary quarterly. Currently it's 7%.
If you are in this situation you NEED to consult near a local tax expert such as a CPA or EA who specializes contained by individual income taxes and tax delinquencies. (Don't even judge of taking this to a tax prep mill.) The rules on file status are pretty clear and hard to mis-interpret. The IRS could effortlessly allege Tax Fraud and likely would if the charge due was significant. That said, the IRS generally won't pursue criminal charges IF you come to them first and come clean and get arrangements to pay the taxes, penalty, and interest due AND stick to your payment plan.
If any of the export tax returns involved an EIC claim you would also be barred from claiming the EIC for 2 to 10 years. That is pretty much automatic.
Single filers salary higher taxes than married filers.
So, at hand shouldn't be a penalty unless you somehow manage to pay smaller amount in taxes than you be supposed to.
Penalties can be assessed at up to 100% of the original due bill. PLUS interest assessed at 0.5% per month, compounded monthly.