Tax debt is one of the most common reasons for filing bankruptcy, especially for anyone who owns a sole proprietorship. These small businesses operate without incorporation and are considered your primary source of income. But, pitfalls abound both for the small business owner and for the individuals that find themselves indebted to the IRS.
Tax debt is likewise one of the most prolific sources of debt in that penalties and interest can mount up at unbelievable speed until the balance d
I am a graduate student and received some stipend of $1000 from Americorp to help pay towards my tution. I got a statement this year for it and gave it to my parent since I am still considered as a “dependent” to file tax.
The accountant came back with a form and a slip for me to mail to U.S Treasury for $11 and no money back. I don’t understand why I have to pay them money for filing only $1000 income while other people like my parents get some money back? What’s
applied for rapid refund on 01/11/2008 (got denied) now bank said wait until 01/25/2008 for funds to be deposit.i would like to know if funds could be deposit on 01/18/2008 Friday stead of the whole 14 days ,which will then be 1/25/2008.so do any know if Irs will be making deposit this week , and can deposits be made anytime ,any day of the week. and do they process returns on weekends. Please help !.
Ok i filed my taxes on the 22nd, it has been “accepted” but when I check the refund status is says “Shall be deposited by Feb 5th”. Is there a specific day that they deposit? I have heard either Monday or Friday and since the 5th is on a Tuesday does that mean it back up to the 1st? And when do they “update” to say which specific date it will actually be deposited?? Again just asking as I do not know and their (IRS.GOV) website is of no help at all….
Where do I start. Let’s see, I did an estimate of our taxes on HR Block.com and the result was that we owed $285.00. My husband was very upset. We did it Married but separtely and we came out with the same result, we both owed and it equaled to the same amount. Now, he wants to file single. I can not file single because that will be tax fraud and I am not willing to go to jail over a few dollars. So my question is that if he files single himself, will I get in trouble and can I still file
a friend of mine owes money to a bank from an old account because of an overdraft and any fees included with that. He is concerned that the money will be deducted from his tax return. Ive never had anything like that happen to me before so I couldn’t help him.
