what happens if you don't do your taxes?

Question

i am about to start work on this job and they say i have to do my own taxes. so what happends if i don do em. how do you do em. is it hard?

i am only 16, and what do you mean by my mom or dad claim me

Answer 1

call h&R Block, and find out whats going on,,asap, are you being paid cash, or are they 1099 ing you, you need to find out!!!!!, if you don't pay taxes, they can take away every thing you own, the IRS, is a ruthless organization, that have hurt alot of people. they want your money!!!!!!!, if you don't pay you would be a tax avaider, and could go to jail!!!!!

Answer 2

Your mom and dad "claiming" you means that they list you on their tax return as their child that they support. You still file your own tax forms, but do a couple things differently if they are still supporting you.

If your job is taking taxes out, it's not hard at all to do your tax forms. The'd give you a form at the end of the year called aW-2, showing what you made and what they took out, and you'd copy some of those numbers to an IRS form called a 1040EZ (the EZ stands for easy), and fill in a few other things like your name and address, and look up how much tax you owe (if any) in a booklet they provide. If your job took out too much, then you'll get the extra back as a refund.

If they aren't taking taxes out, it can get a little complicated and you'll probably want to get some help.

If you just don't file but had a refund coming, you won't get it and they'll just keep your money. If you owe extra, then the IRS will send you a letter telling you to pay up.

Answer 3

Unless you are a paperboy, at 16 you are going to be a regular employee and your employer is cheating.

I have canned explanation to apparently clueless independent contractors:

Some employers try to get around paying employment taxes (social security and unemployment) and other employee benefits like workers compensation insurance by improperly classifying employees as independent contractors. If you are required to show up for work--personally--at a particular time, punch the clock, use the employers equipment and are paid an hourly rate, you are an employee. If you didn't understand the difference when you posed your question, I would be even more convinced that you are an employee. What is your preference, Slotted or Phillips? Complete an IRS Form SS-8 to get an official ruling on your status. This will help you get unemployment if you get fired. When you file your income tax return, you can attach Form 8919 Uncollected Social Security and Medicare Tax on Wages and only pay the employer's half of social security. You will still have to cough up all the income tax.

Answer 4

I think they might be telling you they are going to pay you on a 1099 rather than put you on the payroll. If so, you will most likely not be covered by workers comp, so if you got hurt on the job, you would be SOL. If you are on a 1099 you are responsible for both sides of the social security, (15.3%) plus federal and state income taxes. You can deduct your expenses before you calculate the tax.
It's not hard to do this, but ask someone for some help.
Is this pizza delivery or something similiar?

Answer 5

You do not have to do them yourself. You can pay someone else to do them for you.

If no one does them, then (1) IRS tries to bill you for a lot of money, perhaps more than your taxes would have been if you had done your taxes, plus interest and penalties (2) if you do not pay the bill, they garnish your paycheck, bank accounts, etc., until they have taken at least as much money from you as they say you owe, plus interest and penalties.

Contrary to one of the other answers, even if someone else claims you, you still must file, if your income is more than a certain amount.

Answer 6

Your parents should be able to help you file your tax return.

Answer 7

Your probly pretty young still! Your mom and dad might be claiming you still, you need to ask them that! If they are claiming you, you dont have to file