2007-12-07 11:33:44 · 5 answers · asked by rebelrocknroll 1 in Business & Finance ➔ Taxes ➔ United States
IRS doesn't care if you owe anything on your credit cards. It will send you a check or make a direct deposit whichever makes you happiest.
2007-12-07 11:42:07 · answer #1 · answered by Anonymous · 3⤊ 0⤋
You owed $3850 and settled with the creditor for $1950. this suggests you have one greater $1900 in earnings for the 300 and sixty 5 days. enable's say you already make $30,000 consistent with 300 and sixty 5 days. Your company deducts your earnings tax (federal and state) consistent with $30,000 in wages. properly you probably did not make $30,000...you made $31,900 which potential your company isn't deducting the suitable quantity for taxes. on the top of the 300 and sixty 5 days you are going to be able to finally finally end up oweing for the extra $a million,900. it will be some hundred funds on your 2009 taxes.
2016-12-17 10:46:11 · answer #2 · answered by ? 4 · 0⤊ 0⤋
No, they'd only take it for back taxes, overdue child support, or defaulted student loans.
2007-12-07 19:10:46 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
No, they don't know what you owe creditors. They are only concerned with taxes.
2007-12-07 16:49:52 · answer #4 · answered by Bette 5 · 0⤊ 0⤋
yikes!!!!!!!!!!!!!!!!
2007-12-07 18:10:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋