My taxes for state this year..I owe 230.00$$,but it's went up to 250.00$$ because I missed time to pay it..When It's time to go rapid at H & R Block,what will happen? Will they give me my money,hold my check? What will happen..Thanks..
2006-11-03 19:00:41 · 7 answers · asked by blueboyswoman 4 in Business & Finance ➔ Taxes ➔ United States
The state will withhold an overpayment from the next year if you have one. If you don't have an overpayment they will keep billing you a higher amount and eventually they could put a tax lein against your wages.
2006-11-03 22:32:31 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋
By "they" do you mean H&R Block or the state? The state will offset your current tax refund by the amount of delinquent tax, penalty and interest that has accrued. H&R Block actually makes you an interest bearing loan (with very high interest) from your federal refund. The state debt will be your responsibility if any additional is owed.
2006-11-04 04:36:31 · answer #2 · answered by Maddy Waddy 2 · 1⤊ 0⤋
Chances are, that amount could be deducted from the amount you have coming back as a refund. Just be honest with your tax preparer and let them know you owe back taxes. Otherwise, after you get your Rapid Refund check and the IRS reviews your return months later, they will send you a bill, which will be higher than what you already owe.
2006-11-04 03:10:33 · answer #3 · answered by Staci C 3 · 1⤊ 0⤋
If you are talking H&R Block to file your federal taxes, they won't hold your federal refund because of your state tax situation. That is why you file them seperate. Federal and State. Different divisions, and they don't report to each other on the issue of taxes. Now you can't file your state taxes without filing Federal, but your state tax filing status will not prohibit you from filing your Federal Taxes. Glad I am from Florida, no State Taxes.
2006-11-04 03:05:25 · answer #4 · answered by shrm 2 · 1⤊ 1⤋
The gov. will take their share out of your refund and send you the rest.They keep up with what you owe them whether you owe the state or fed.
2006-11-04 09:25:11 · answer #5 · answered by Fly Boy 4 · 0⤊ 0⤋
Late Payments carry interest on account of your neglect.
No way Pl pay.
Sleep with out worry.
2006-11-04 03:07:05 · answer #6 · answered by SKG R 6 · 0⤊ 0⤋
you should pay this asap. interest and penalties will keep incurring as each day passes.
2006-11-04 03:07:47 · answer #7 · answered by tma 6 · 1⤊ 0⤋