I worked a full time job and a part time job in 2006. When I put in my W2 info for my full time job, it said my expected return was $267. After I put in the W2 info for my part time, it then said I owed $18. Can I get away with only filing taxes for my full time job?
2007-04-02 17:02:36 · 8 answers · asked by Brown Suga 2 in Business & Finance ➔ Taxes ➔ United States
Is there any way to avoid owing? I only made $38,000 last year? Was I supposed to put "0" or "1" when I filled out my W-4?
2007-04-02 17:19:12 · update #1
I think David R just answered my last question. Thanks people!!
2007-04-02 17:21:00 · update #2
Okay, I assume since I have no dependents changing my W4 to "0" means I would have the maximum taxes out my paycheck?
2007-04-03 02:27:21 · update #3
No, you won't get away with it. Your employers also send those W-2's to the IRS. They have entered them into their system, so when your reported income doesn't match what is in their system, they will send you a delinquency notice that will include penalties and interest on the $18.
If they want they can also try to prove intent of income tax evasion and it can get even uglier.
(By the way, if you have two jobs and are single and don't have enough deductions to itemize you almost always don't have enough taxes witheld because the income from the second job is essentially taxed at a higher rate when it comes time to file).
2007-04-02 17:12:36 · answer #1 · answered by Rainman 5 · 1⤊ 0⤋
No, you have to file both of them. And since the W-2 info was reported to the IRS, if you try to just file one, they'll be sending you a letter letting you know how much additional you owe. This will probably take months, or even over a year, and by that time there will be penalties and interest in addition to what you owe in the first place.
Since you came out about even, whatever you have on your W-4's is OK. If you have 1 and don't want to owe at all next year, take it down to zero.
2007-04-03 01:27:54 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
No, no, no, no, no don't do that! The IRS has already received copies of your W-2's and other tax forms. They'll be looking for you to report that income and you can get yourself into serious trouble for failure to file or for filing a fraudulent return. Much better to just pay the $18 and be thankful it wasn't more.
Maybe you could itemize your deductions or something, but you absolutely must show all of your income on the tax return.
2007-04-03 00:08:50 · answer #3 · answered by Peggy K 5 · 0⤊ 0⤋
No. When you got a w2 for the part time job the IRS got a copy. You'll just end up paying interest and penalty.
2007-04-03 00:07:26 · answer #4 · answered by Oh Boy! 5 · 0⤊ 0⤋
Yes, you have to file both W2s. Do you want the IRS coming after you for $18?!? + penalties and interest?
2007-04-03 00:07:52 · answer #5 · answered by linkin 2 · 0⤊ 0⤋
No .You dont have to pay income tax. there is no law that says we have to pay income tax check the 16th admindment . I will send you a documentry on the irs. ALL TRUE ****. this is an eye opener. There are millons of people who dont pay taxes but they have . they have knowledge of what you will see
2007-04-03 00:22:29 · answer #6 · answered by themyth 1 · 0⤊ 3⤋
Seriously, no. You can't pick and choose which jobs to report.
2007-04-03 00:08:25 · answer #7 · answered by The Phlebob 7 · 0⤊ 0⤋
Yes, if you don't mind a hefty fine and possible jail time when they catch you.
2007-04-03 00:06:10 · answer #8 · answered by Anonymous · 0⤊ 0⤋