...and on said return, they owe ME almost 40 dollars?
2007-06-20 11:21:36 · 9 answers · asked by Bill W 【ツ】 6 in Business & Finance ➔ Taxes ➔ Other - Taxes
If you are due a refund, you are NOT in trouble for filing your taxes 3 days late... it's only if you OWE and file late that you would be in trouble---and it's not exactly trouble--it's just a couple of penalties....there's a penalty for not fililng on time and a penalty for late PAYMENT... but like I said this only holds true for taxes if you OWE on them----returns filed when a refund is issued can actually be filed ANYTIME within 3 years... Now, the reason they penalize tax DUE returns is because they plan on having all that money in the government's bank accounts by a certain time every year----so that they can USE it on everything they spend it on--INCLUDING ALL THAT STUFF THEY WASTE IT ON.... and without YOUR money there on time, they can't BUY as much---or PAY for as much... it's basically like any other bill you acquire... if you don't pay, they get ya.
2007-06-20 14:58:17 · answer #1 · answered by LittleBarb 7 · 2⤊ 0⤋
If they owe you, you're not in trouble. At least not with Federal Income taxes. But you haven't given us any details, so it's not possible to say.
At least one state -- Ohio -- will stick you in the eye for $500 for filing a state income tax return late, whether you're due a refund or owe them. About what I'd expect from the state that brought us The Kent State Massacre.
2007-06-20 11:28:20 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Technically, there is not any shrink on the acquisition of shares, so one might desire to purchase $a million billion funds nicely worth of inventory. this is the respond to the question. It will become greater complicated in case you're able to decide for to purchase $a million billion nicely worth of a particular inventory or 2. the quantity of a inventory (the present industry furnish) is the optimal you could actually purchase, as this is the quantity of inventory obtainable. For person inventory purchases, there are particular regulations, regulations and stipulations which will preclude the acquisition of a thousand million funds nicely worth. some regulatory regulations,require a young furnish beforehand one in each of those huge purchase.
2016-10-08 22:03:22 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Oh, Ho. You think that's bad. The worst tax cheat of all time recently got off scott free because of a typing error on the binding arbitration papers he and the judge signed.
If you really want to feel bad, just type "tax cheaters" in your search box and read a few of the stories there.
If it weren't for honest people like you and I, this country would be in worse shape than any other you can name.
2007-06-20 11:30:22 · answer #4 · answered by Yarnlady_needsyarn 7 · 0⤊ 0⤋
If they owe you money, you aren't in trouble for filing 3 days late - not sure just what you mean about being in trouble.
If you owed, them, you'd pay penalties and interest for being late, but since they owe you, there's no problem.
2007-06-20 13:50:01 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
You can become a government and change the rolls
2007-06-20 11:27:43 · answer #6 · answered by reality 6 · 0⤊ 1⤋
Because they're the boss.
2007-06-20 11:24:35 · answer #7 · answered by Red Ant 5 · 0⤊ 1⤋
I agree. It's bullsh*t.
2007-06-20 11:29:31 · answer #8 · answered by beareyouseae 3 · 0⤊ 1⤋
Welcome to the stupidity of Law.
2007-06-20 11:28:54 · answer #9 · answered by gogoal 1 · 0⤊ 1⤋