I have been a law student for the last 3 years and have been studying for the bar all summer--not much time. Plus I work at a law firm as an independent contractor, so I am paid in cash and I'm supposed to report that myself. Does anyone know how the IRS know how much I made? Does my boss have to tell them what he's given me if he can remember? I think its getting kind of late in the year being august and all, so quick help is appreciated.
2006-08-02 08:33:55 · 4 answers · asked by Anonymous in Politics & Government ➔ Government
So long as you don't owe on your taxes you are fine. The April 15th deadline is actually for those who owe (my father-in-law is an accountant and files ours late all the time when we don't owe). Since you are paid in cash, that's probably not likely since you didn't pay any taxes at all. You should see an accountant ASAP. You might not owe because of your student status (most taxes paid as a student you get back), but since you are a law student you could be cooked. You know best ignorance of the law is no excuse. As a lawyer myself, I know how busy you have been, but better take care of it now. Especially before you get to the character and fitness part of the bar exam/application!!
2006-08-02 08:39:47 · answer #1 · answered by Curious 2 · 0⤊ 0⤋
It traditionally takes the IRS into the following tax yr to determine whatever is mistaken with the go back or that you have not filed. This is principally precise if they have got obtained W-two's or 1099's for your identify. Usually they're going to ship you a realize and founded at the knowledge they get, will compute an expected tax due. This nearly in no way involves any deductions you're entitled to (i.e. Sch A or trade bills to offset trade sales, and so forth.). The the very first thing you will have to do is to dossier your tax go back as quickly as feasible, on the grounds that for those who nonetheless owe taxes, you're now discipline to curiosity and underpayment consequences, as good as a overdue submitting penalty. If it seems you owe not anything extra, you're going to get your refund if any, and there isn't penalty and curiosity calculations. Plus, there's a three year statute of obstacles in your potential to say deductions or refunds. If you get a realize from the IRS, dont panic! That is the very first thing many do. Read it over cautiously, get ready your go back as you might have, and for those who disagree then say so!
2016-08-28 13:51:18 · answer #2 · answered by cerenzia 4 · 0⤊ 0⤋
When I was living in Europe, I didn't file because I was a nimrod who didn't think I had to. When I finally found out that I had to, I called the IRS and they were very accommodating. I had lost W2s and so forth and there are forms you can fill out to 'swear' that you made a certain amount and the like. If there are no records, the govt doesn't know how much you made exactly, so you can estimate. Call them, they'll help you out. You can find the number online.
2006-08-02 08:42:52 · answer #3 · answered by jamie 4 · 0⤊ 0⤋
irs wont forget
2006-08-02 08:39:09 · answer #4 · answered by chet 5 · 0⤊ 0⤋