Once someone gets access to your Social Security number, they have everything necessary to file a tax return in your name. The purpose of afraudulent tax returnis, obviously, not to pay your back taxes, but to pocket your tax refund. This scam occurs early in the tax season, well before...
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While the government usually has just six years to charge you with criminal tax evasion, it has forever to collect the taxes you owe and assess penalties. In addition to the failure-to-file and late-payment penalties, these things could happen to you when the IRS catches up: Interest: On...
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Tell your child that, depending on their total income for the year, they can probably receive a refund of income taxes withheld but that FICA deductions will not be refunded and will be withheld from earned wages for all of their working years. ...
1. Gather your necessary tax documents 2. Figure out your filing status and dependency status 3. Take the tax deductions and credits you can 4. Options to file your taxes 5. How to pay your taxes Conquer your first tax season FAQsIf...
You can file your tax return anytime before the extension expires, and you do not need to attach a copy of Form 4868 to the return. Remember that receiving an extension to file your tax return does not let you pay your taxes late as well. You must still estimate and pay any federal ...
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