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You can pay it any way you want to pay it as far as the IRS is concerned. Be vary careful with this though. Just because you pay half of the total does not mean that you are not still equally responsible for the other half. The total debt is owed by both parties. It is undivided debt so both of you still owe it until it is entirely paid. The IRS can take refunds and any assets of either or both parties until the balance plus interest and penalties are completely satisfied.
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How do you file your income tax married jointly?
You can file your federal taxes jointly if you are married. Even if your spouse is unemployed, filing jointly means he or she is still responsible for any outstanding taxes due should you not pay.
Do you get more money if you file jointly or single?
If you suspect your spouse is being dishonest, is involved in some criminal activity, or can't pay their tax liability, it is better to file separately. In terms of the amount of tax you will pay, it is rarely, if ever, advantageous to file separately. The tax rates are higher and you lose many tax benefits such as the ability to make a full Roth IRA contribution. But if you want to be sure you aren't one of the .000001% of cases where it is better to file separately, calculate your taxes both ways and see. However, some states (most notably Ohio) have a quirk in their tax laws that might make filing separately better in certain cases. But these states require you to file the same way as you filed your federal taxes. In that case, you need to calculate whether the state tax savings make up for the extra federal taxes you'll be paying.
If you filed your taxes last year and got a RAL loan and it was a mistake on your taxes and the bank issued you a overnight check do you owe the bank our do you owe the IRS?
you going to pay back taxes to the IRS
Would your retired parents pay taxes on income less than 32000 for 2008?
Assuming they were both over 65, filed jointly, and took the standard deduction, they would most likely owe federal taxes if their joint income was over $20,000. There are situations where they could owe taxes even if their income was lower, for example, if some of their income was from self-employment or they had not taken the Required Minimum Distribution (RMD) on their traditional IRA or 401k. And many states have even lower thresholds for state income taxes.
If you filed for an extension on your 2008 taxes what date do you have to file after that?
You can file your taxes anytime after your extension, be sure to file before October 15th of that filing year. You may suffer penalties and interest higher than what you would have if you filed by that date. Also, remember to at least pay something with your extension to show the IRS that you have intentions of paying your federal liability. It is best to pay as much as you can to pay down the debt.
How do you file your income tax married jointly?
You can file your federal taxes jointly if you are married. Even if your spouse is unemployed, filing jointly means he or she is still responsible for any outstanding taxes due should you not pay.
Is it better to file jointly or separately?
If you suspect your spouse is being dishonest, is involved in some criminal activity, or can't pay their tax liability, it is better to file separately. Also, if you need or want to keep your finances secret from your spouse, it is better to file separately. In terms of the amount of tax you will pay, it is rarely, if ever, advantageous to file separately. The tax rates are higher and you lose many tax benefits such as the ability to make a full Roth IRA contribution. But if you want to be sure you aren't one of the .000001% of cases where it is better to file separately, calculate your taxes both ways and see. However, some states (most notably Ohio) have a quirk in their tax laws that might make filing separately better in certain cases. But these states require you to file the same way as you filed your federal taxes. In that case, you need to calculate whether the state tax savings make up for the extra federal taxes you'll be paying.
When is it appropriate to use a 1040 tax table?
A 1040 tax table is used when people are trying to figure out the best way to pay or file your taxes. Just use it to match up your income and whether or not you are filing jointly or separately.
Do you get more money if you file jointly or single?
If you suspect your spouse is being dishonest, is involved in some criminal activity, or can't pay their tax liability, it is better to file separately. In terms of the amount of tax you will pay, it is rarely, if ever, advantageous to file separately. The tax rates are higher and you lose many tax benefits such as the ability to make a full Roth IRA contribution. But if you want to be sure you aren't one of the .000001% of cases where it is better to file separately, calculate your taxes both ways and see. However, some states (most notably Ohio) have a quirk in their tax laws that might make filing separately better in certain cases. But these states require you to file the same way as you filed your federal taxes. In that case, you need to calculate whether the state tax savings make up for the extra federal taxes you'll be paying.
How much does the president pay in taxes?
The tax bill for the president obviously depends on his outside income and his deductions for such things of gifts to charity. Most recent presidents make their tax returns public. The Obamas filed jointly and paid $453,770 in 2010.
If you die and haven't filed state or federal taxes will your wife have to pay?
Probably, YES.
If you paid 10000 dollars in taxes this year how much will you get back?
I pay over 10.000 dollars in taxes this year how much of that will i get back if am married filling jointly
Do I have to pay taxes on a disability benefit?
You can get the answers at 4socialsecuritydisability.com. Their answer is that your disability benefits might be taxable IF you, or you and your spouse if filing jointly, have enough income to require paying taxes.
If you filed chapter 7 in 2005 and your house was foreclosed on in 2007 do you have to pay taxes on it?
If the foreclosure was not part of the bankruptcy, yes.
If you filed your taxes last year and got a RAL loan and it was a mistake on your taxes and the bank issued you a overnight check do you owe the bank our do you owe the IRS?
you going to pay back taxes to the IRS
How much tax would you have to pay on 39990?
This would vary depending on a number of factors, including how the money was earned. If you earned it through a job where you filled out a W-4, the numbers for the 2012 tax year would be as follows: $6,024 if you filed singly or married filing separately, $5,126 if you filed married filing jointly, or $5,376 if you filed as head of a household. The amount of tax due each year varies and can be found in the tax table in the instructions for Form 1040 as long as you earned it via the method described above. You may not end up having to pay the full amount depending on various deductions you may be eligible for. If you have questions when filing your taxes, it is advisable to call the IRS for assistance or see a tax specialist.
Would your income tax get taken from you to pay for your husbands backed child support?
If you filed jointly and your tax refund was intercepted, you will have to file an injured spouse claim to recover your share of the refund.
