Taxes - March 2007

I was travelling through Asia during 2005 and failed to file my Tax Return with Revenue Canada. I had no income for 2005. In 2006 I came home and started working, so now I am looking to file my 2006 Tax return. Will I be Penalized for not filling my 2005 Taxes even though I had no income? If so, what penalties should I expect? Do I need to do a Voluntary Disclosure? I am very concerned about this, please respond.

2007-03-13 05:26:45 · 8 answers · asked by Andrew L 1 in Canada

If a person claims exempt on their W2's could this cause a problem with the IRS. What does exempt actually mean in relation to taxes?

2007-03-13 05:15:47 · 5 answers · asked by stella 2 in United States

2007-03-13 04:46:44 · 4 answers · asked by erlanger 1 in United States

I reported the company to the minimum wages people, who found no anomalies. The bosses claimed that the workers only do part time and they (the bosses) cover the rest of the shifts. Most of the staff work 50+ hours, without breaks, holidays, meals, sick pay, maternity pay, etc. Is there anything that can be done to stop this from happening? I hope someone in the answers community can help me with this.

2007-03-13 04:46:30 · 11 answers · asked by borogirl 7 in United Kingdom

Would it be ok if I just let them keep my income taxes for the next 2 or 3 years to pay if off rather than be put on a payment plan that i cannot really afford? i agreed to $200 a month. i only owe the money back because i had a girlfriend who had a little girl and she said i could claim her since i provided for her. we were living together for a year, but then we broke up. she moved in with me and i didnt put her on the lease or anything. Quite frankly, I dont want to get her or the child involved because we haven't spoken in awhile.

2007-03-13 04:43:14 · 3 answers · asked by WoWed in Philly 2 in United States

what proof do I need for my mileage deductions?

2007-03-13 04:27:06 · 7 answers · asked by Anonymous in United States

I failed to file in 2002, and now they are giving me all these charges. Does it help when I finally file? Do I have any leverage then? I don't want them to take this year's return- what's the best way to avoid that? What about an "offer in compromise"? Is that worth the application fee? Thanks in advance

2007-03-13 04:25:42 · 7 answers · asked by Flam Glamalam 2 in United States

2007-03-13 04:19:55 · 6 answers · asked by googlemaniac 3 in United States

I know you can take the deduction for day care but what about the cost of having the baby such as doctors, hospital stays, ect. Does that count for the same deduction?

2007-03-13 04:08:21 · 6 answers · asked by Fevir 1 in United States

I did my taxes with Turbo Tax and I got the audit defense with Tax resource compan. Can they really help me if the IRS decides to audit me?
What kind of penatlies should I expect if I am audited, they find errors but they are minor?

2007-03-13 03:55:27 · 7 answers · asked by Christopher H 1 in United States

I am about to graduate from college and awaiting an offer from a Big Four CPA firm to work in the Tax Department. I met with a big four tax partner recently and he told me that they only expected me to become a CPA. I asked him about the importance of getting a JD and told me it was not necessary. He said it would not by any means hurt my chances of being succesful or going up the ladder. He said studying it would be a personal preference to gain better understanding or to develop skills on tax laws.

What do you guys think?

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2007-03-13 03:46:58 · 9 answers · asked by KinWin 5 in United Kingdom

because i'm not really working ,sometimes i have a contract with a compagny and they pay me cash money ,i would likke to kow if there's a way to pay my taxes ...

2007-03-13 03:34:56 · 7 answers · asked by BOOKEY 2 in United States

Moved from a State that does not have State Income Tax to a State that does. We are getting ready to file our taxes, and were told that our income from the State that we lived in will be taxed here, my question is why? We did not live or work in this State, moved here in December 2006. No income here yet. Still looking for employment. Thank You

2007-03-13 03:34:16 · 7 answers · asked by Anonymous in United States

My ex-husband claims dependents for deduction purposes. The children live with me. I do not claim the children as dependents on my return, however, I want to claim them as qualifing EIC children. I am the custodial parent. I plan on filing as Head of Household.

2007-03-13 03:23:11 · 3 answers · asked by Troy B 1 in United States

I am a US citizen living in Canada, and recently married a Canadian. He has never lived or worked in the US, but has a good paying job in Canada. I am a US citizen on Social Security.

I understand there is a US/Canada treaty, does this mean that the US and Canadian revenue services to "talk to each other"?

If I file my taxes in Canada, do I still have to file my taxes in the US although I no longer live there? If so, should I file on my income alone or should I include my husband's although he has never lived or worked in the US, nor is he planning to? (The latter doesn't seem that fair to me).

2007-03-13 03:11:01 · 4 answers · asked by llexpat 2 in United States

Last year, I filed my federal tax returns but not my state returns. I have lost my w2 forms (or whatever those things are) that my employers gave me, and I cannot find them. So, how can I file my state returns now for that year? I don't wanna owe the IRS a lot of money!! HELP!!!

2007-03-13 02:58:44 · 3 answers · asked by Anonymous in United States

Also, What might people think if the Canadian government says the taxation be abolished?What is the benefit(s) ?

2007-03-13 02:56:35 · 1 answers · asked by Anonymous in Canada

I recently graduated college in FL, and have not yet changed my residence from VA to FL yet and the whole last year Ive worked in FL only. My family is concerned I may have to file taxes under VA or something Im a bit confused maybe someone can help me.

2007-03-13 02:47:02 · 4 answers · asked by princesskamby 2 in Other - Taxes

I just filed my 2006 and 2005 Illinois Tax returns. I've done my federal tax returns every year, but this is my first time doing my state taxes. I want to file as far back as possible (I never realized I'd be getting money back!), but I can't find my old W2's or completed copies of my federal tax returns before 2005. Also, does anybody know how many years I can go back on an Illinois Tax return? I also heard that I could get interest on refunds from state tax returns that I didn't previously file. Is this true, and if so how much interest would I get? Thanks, for any help anyone gives. Matthew 7:12

2007-03-13 02:45:41 · 2 answers · asked by cinnamonroll72 2 in United States

this is the e mail i got subject payment stop order from reserve
bank of south africa revenue tax charges of $1.457.11 cents
while transferring yhe money which amounts to $9920.000.00

2007-03-13 02:35:30 · 1 answers · asked by leon h 1 in United Kingdom

2007-03-13 02:33:59 · 2 answers · asked by dipak672000 1 in India

I worked for a person as an independent contractor. I have not yet received my 1099. I have asked about it and he keeps procrastinating. I need to know exactly how much taxes I need to pay, but what do I do when he refuses to give me the form? I know that other people who work for him are not concerned about getting their 1099s because that way there is no proof that they made any money so in their minds they don't owe taxes, but I am not going to break the law (over a relatively small amount of money). Is there any way to get my employer in trouble with the IRS or anything for failing to give me a 1099 when I have earned more than enough money to be entitled to?? Thank you.

2007-03-13 02:16:57 · 8 answers · asked by Anonymous in Other - Taxes

for diff income people ?

and what about corprate tax ? how much %

2007-03-13 02:03:49 · 5 answers · asked by rockstar_superstar 3 in United States

I have to pay Fedreal Income Taxes and need the form to send in my payment.

2007-03-13 01:44:11 · 7 answers · asked by tony 1 in Other - Taxes

I would like to just pay what I owe, if I owe, by April 15th and not pay out little by little over the entire year.

2007-03-13 01:33:57 · 8 answers · asked by Sedit 3 in United States

2007-03-13 01:32:12 · 3 answers · asked by sadashiv p 1 in India

got irs audit tomorrow

2007-03-13 01:15:07 · 3 answers · asked by tim d 2 in United States

2007-03-13 01:01:43 · 7 answers · asked by Pat C 1 in United Kingdom

2007-03-13 00:11:23 · 17 answers · asked by ? 7 in United Kingdom