What happened is that i had no money the pay even though it was only like 180dls so i did not do my taxes. Does somebody know what happens and what can i do?? Please
2006-11-28 16:23:39 · 10 answers · asked by Elias 1 in Business & Finance ➔ Taxes ➔ United States
You still need to file, and would be better if you do it before they contact you (and if you had income that was reported, they will eventually, by which time you'll owe even more in interest and penalties.
You should always file even if you don't have the money to pay. If you can't pay right away, they'll set up a payment plan, and yes, you'll be charged interest.
You're not going to be in some kind of major trouble, so don't worry about that. Just go ahead and file, or contact the IRS and tell them your situation. If they get your return without a check, they'll contact you to set up a plan to pay.
2006-11-29 13:42:58 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
You wont get arrested! It's probably accruing penalty charges every year you dont pay it, that's the worst that can happen besides it being reported on your credit report! These IRS agents are like sales people. You can actually negotiate with them! Its a small amount but obviously not for you, I would at least make the effort of paying by making small payments! And next time you do file your taxes and you end up with refunds, they'll deduct the amount you owe from your refund! They'll keep deducting every year until it's satisfied!!
2006-11-29 00:31:26 · answer #2 · answered by ALEGNA 3 · 0⤊ 0⤋
I used to work with taxes, this year file for both years, if you have any money coming to you, they can deduct it from there, or if you don't get any money, but talk to the IRS, ask for a payment plan, is better 18 payments of 10 dollars, to go thru all kinds of evaluations.
2006-11-29 00:30:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You should have got notices by now if you owe taxes. The government generally knows because they are informed by companies that paid you.
Just file last years return and pay some interest and penalties if you owe tax.
2006-11-29 00:28:05 · answer #4 · answered by the Boss 7 · 0⤊ 0⤋
well if U owe the IRS they'll add more money onto that you can count on that so when you finally file expect the amount to be alot more I know I owed them $230 & I took a year to pay it off & they charged me interest when I was done paying it turned out to be $305..Good Luck
2006-11-29 00:27:15 · answer #5 · answered by sugarbdp1 6 · 0⤊ 0⤋
when you file 2006 taxes, do one of 2005 too. There will be penalties and interest to pay
get a tax preparer to do them for you
2006-11-29 00:51:39 · answer #6 · answered by BAYOU MAN 2 · 0⤊ 0⤋
Get in touch with the IRS and they will set you up on a payment plan.
2006-11-29 00:26:03 · answer #7 · answered by Anonymous · 0⤊ 0⤋
find a way to pay it ASAP
the IRS adds interest and penalties daily
2006-11-29 00:31:56 · answer #8 · answered by Mopar Muscle Gal 7 · 1⤊ 0⤋
Pay them this year.
2006-11-29 00:25:22 · answer #9 · answered by Felipe G 1 · 0⤊ 0⤋
pay it asap. the amount you owe dos not accrue any interest.
2006-11-29 00:27:02 · answer #10 · answered by Jay G 4 · 0⤊ 0⤋