• Can my Dad be jailed for not filing his taxes for 7 years and lying to my Mom about it?

    Best answer: In most cases: No, Failure to file a return is considered simple negligence and is not a crime. When someone does not file a tax return the IRS runs a substitute return using the worst case assumptions and if they think the person owes money they start collections and if they think the person is going to get a... show more
    Best answer: In most cases: No,

    Failure to file a return is considered simple negligence and is not a crime. When someone does not file a tax return the IRS runs a substitute return using the worst case assumptions and if they think the person owes money they start collections and if they think the person is going to get a refund they just keep their money.

    The only way someone can be jailed for failure to file returns is if a court has specifically ordered them to file. In that case they could be arrested for contempt of court.

    Your Dad might be a bad man, but he (probably) won't go to jail just for not filing taxes.
    14 answers · United States · 2 days ago
  • Does getting a motorcycle loan affect my parent’s chances of getting a home loan? I am a dependent to them when doing taxes.?

    Best answer: If the loan is solely in your name, it will not affect them just because you are their tax dependent. If they cosign the loan for you, then the loan will show up on their credit report, and even if you are making all the payments, the bank will consider the fact that they (your parents) could be asked to make the... show more
    Best answer: If the loan is solely in your name, it will not affect them just because you are their tax dependent.

    If they cosign the loan for you, then the loan will show up on their credit report, and even if you are making all the payments, the bank will consider the fact that they (your parents) could be asked to make the payments at any time. So they would count the payment against your parent's debt to income ratio, which would reduce the amount they could borrow toward a house. If were to default on the motorcycle loan, it would be reported to your parent's credit and hurt their score, reducing the odds of them qualifying for a mortgage.
    12 answers · United States · 1 day ago
  • I live in Oregon, where we have no sales tax! I'm confused about something. What happens if you buy something and you don't have enough?

    Best answer: If you don't have enough money to pay the sales tax, You have to put it back and can't buy it. When you go shopping in states that have a sales tax, make sure you have more money than the items cost so you can pay the sales tax that is added on after everything is totaled up,.
    Best answer: If you don't have enough money to pay the sales tax, You have to put it back and can't buy it. When you go shopping in states that have a sales tax, make sure you have more money than the items cost so you can pay the sales tax that is added on after everything is totaled up,.
    10 answers · United States · 1 day ago
  • When it comes to tax write-offs for a business, Can I write off the face value of the shirt as a promotional expense.?...or just cost?

    Best answer: Only legal tender currency and postage stamps have 'face value'. Anything else is worth whatever two people decide between them it's worth. As far as deductibility goes, you deduct your actual cost.
    Best answer: Only legal tender currency and postage stamps have 'face value'. Anything else is worth whatever two people decide between them it's worth. As far as deductibility goes, you deduct your actual cost.
    6 answers · United States · 1 day ago
  • Will I get penalized for filing my taxes past tax day and extension deadline even though I am expecting a return.?

    I had to extend the filing of my taxes due to medical reasons. I know that there is no penalty if I request for an extension until Oct. 15 IF I am expecting a return. I am wondering if I will get penalized if I file a few days after October 15. I know, I know. Why would you push the filing of your taxes if you re... show more
    I had to extend the filing of my taxes due to medical reasons. I know that there is no penalty if I request for an extension until Oct. 15 IF I am expecting a return. I am wondering if I will get penalized if I file a few days after October 15. I know, I know. Why would you push the filing of your taxes if you re expecting a return, but sometime life gets in the way.... Anyways, thank you all in advanve.
    10 answers · United States · 3 days ago
  • Can I file taxes?

    I started a new job in the beginning of September. I was able to do 3 days of training, and then unfortunately Hurricane Florence hit and I haven’t been back in a month due to damages to our home. The check was only $78. Will I be able to file taxes this year? I also have a child that I would claim.
    I started a new job in the beginning of September. I was able to do 3 days of training, and then unfortunately Hurricane Florence hit and I haven’t been back in a month due to damages to our home. The check was only $78. Will I be able to file taxes this year? I also have a child that I would claim.
    10 answers · United States · 4 days ago
  • Can we give credit to DJT for making the economy great again?

    Best answer: Only if $21.5 trillion in National Debt is great and nobody in Middle class income has any desire to retire one day. National Debt increase rate is now $1.4 Trillion per year because of tax cuts on rich people and the companies they own. Only if you don't care about education for children and moving up to a... show more
    Best answer: Only if $21.5 trillion in National Debt is great and nobody in Middle class income has any desire to retire one day. National Debt increase rate is now $1.4 Trillion per year because of tax cuts on rich people and the companies they own. Only if you don't care about education for children and moving up to a better job in another location. Only if health care is not a concern. Only if you consider white non-Hispanic Christian males as the only people in the USA. Only if you thrill to see illegal immigrants held in jail at government expense for 6 months before being released, and their citizen children on welfare, and children held at government expense at hundreds of dollars per day. Only if you like to see a civil war growing in a divisive annoyed population that half hate DJT with a passion. Only if freedom of the press doesn't count and Fox News can be a Republican advertisement. Only if you prefer to give government control to a few semi-insane politicans. Only if false statements and unproven accusations and retribution and photo ops are what you like to see from supposed leaders.

    THEN, you can give credit to orange face for an economy that actually is soon to fall off a cliff from National Debt and inflation. Don't you enjoy your extra $10 a week while the rich get millions of dollars?
    7 answers · United States · 3 days ago
  • Council tax UK?

    I’ve recently turned 18 (a few months ago) and I’ve never paid council tax. I live with my grandma who has a pension and is eligible for disability. I don’t understand how I pay it (I’ve never recieved a bill or anything) or if I need to? I’m really confused on how it all works etc. Any information would be really... show more
    I’ve recently turned 18 (a few months ago) and I’ve never paid council tax. I live with my grandma who has a pension and is eligible for disability. I don’t understand how I pay it (I’ve never recieved a bill or anything) or if I need to? I’m really confused on how it all works etc. Any information would be really appreciated, I’m sorry for sounding like an absolute idiot here. But I have to admit I don’t understand life or bills haha!
    6 answers · United Kingdom · 3 days ago
  • Why am I being undercharged on my federal income taxes?

    So far on the year I’ve made $58,000 gross, and I do have some tax allowances but still I have $56,000 taxable income. My concern is that at $38,000 I should have entered the 22 percent bracket, but I’m still being charged 12 percent. I like paying less taxes, but the issue is I’ll probably unexpectedly owe... show more
    So far on the year I’ve made $58,000 gross, and I do have some tax allowances but still I have $56,000 taxable income. My concern is that at $38,000 I should have entered the 22 percent bracket, but I’m still being charged 12 percent. I like paying less taxes, but the issue is I’ll probably unexpectedly owe thousands of dollars at tax return time. I’m wondering why I’m being undercharged?
    15 answers · United States · 1 week ago
  • Single mother of 3 with a tax issue.?

    I received a court settlement in 2016 for $66k of which 24k went to attorneys at settlement and 19k went to medical bills. I just received a tax bill for 17k from the IRS and I have 30 days to respond. Any advice on what to do? Do I refile for that tax year? it looks like i m being taxed for the entire amount of... show more
    I received a court settlement in 2016 for $66k of which 24k went to attorneys at settlement and 19k went to medical bills. I just received a tax bill for 17k from the IRS and I have 30 days to respond. Any advice on what to do? Do I refile for that tax year? it looks like i m being taxed for the entire amount of the settlement. Thank you in advance.
    11 answers · United States · 7 days ago