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I was doing my taxes the other day and noticed that a previous employer did not withhold any federal/state taxes. I called their W2 hotline and was informed that I claimed 5 in exempt, which I informed them I never do exempt only the personal allo...
No, you can't sue your previous employer for not withholding income taxes. The tax code itself provides the employer with immunity from being sued for that. What you do is you file your income tax return and you pay the additional tax shown as due or you make arrangements with the IRS to pay it off in installments. And going forward you make sure you keep track of what's being withheld.See question
I inquired with my employer when I would receive my w2 because it was nearly the end of January. My employer responded the w2 was delivered the Thursday previous but must have been stolen because they are not here. At this time I have still not r...
Ask your employer to provide you with a copy of the W2 they issued to you (you want a photocopy of the W2 they already sent out; you don't want them to issue another W2 because that will also be filed with the IRS and will result in the IRS thinking you had twice as much income as you actually had - it'll get straightened out eventually, but it'll take some time to deal with it).See question
I have someone else's personal information in my income tax return folder. Looking for settlement from major tax refund corporation. Do I have a case??
you may have liability of your own if you don't return this other person's information to them.See question
My sisters and I received 1099-r forms for our taxes. Our mother passed away and she had an annuity. The state of NM is taxing me on this money, and at the highest rate possible. It is essentially my inheritance so why am I being taxed, if NM d...
Generally speaking, depending on exactly what sort of annuity it is, the person who inherits an annuity is taxed on the unrealized gain in that annuity as funds are distributed to that heir. This is a matter of income tax, not inheritance tax.See question
Have had a lien applied to my equipment and didn't know it until equipment was moved due to having to shut down my restaurant. Owe money in sales tax and was getting ready to sell the equipment to pay the tax when I was told about the lien.
Generally speaking, in order for the sales tax to have priority over the UCC financing statement a state tax lien of some sort would have had to have been filed before the UCC was filed; if the UCC was filed before a state tax lien was filed (or if the tax lien hasn't been filed), then the UCC should have priority. Even when there is a pre-existing state tax lien, the UCC financing statement may sometimes still have priority (e.g., if the lien secures debt that was used to purchase the property covered by the UCC statement).See question
I called to check the status of my federal income taxes and there was a message stating to call a number which was edd # and that my taxes may be offset
Yes they can. The Treasury Department has a program under which the IRS will intercept your federal tax refund if you owe delinquent state income taxes (as well as other debts owed to a state government).See question
My former employer didn't have me fill out a w4 till 5 months after I left the job. She is now saying she won't give me my w2 until I pay her the taxes she was supposed to withhold from my paychecks. Is this legal? What should I do?
Generally speaking, no, it's not legal. If she won't give you your W2, then do your best to reconstruct your income based on your actual paystubs (and bank account deposits), and prepare a substitute using Form 4852. Attach that to your tax return (you'll have to file a paper return in this case) and attach a statement to that in which you explain that you're using the substitute because your employer refuses to give you a W2 until you provide that employer with money to cover the taxes she was supposed to withhold but did not.
If she didn't withhold FICA and FUTA taxes, then you will have to pay those out of pocket - that way you make sure you get credit for social security and unemployment purposes.See question
One of my friend just realize from the past 2 years of tax filing, he missed to report the income of interest from US and foreign bank accounts, totally $1300/year, and also he missed to file the FBAR for foreign accounts with balance > $100,000. ...
The trouble with FBAR issues is that they have nothing to do with income so it's irrelevant that the money came from work performed overseas or that the income was subject to tax in the home country. And messing up the FBAR can lead to grotesque penalties - technically, up to $100,000 per year per account (although that penalty is rarely applied), or 1/2 the balance of the account for each year.
Your friend needs to speak to a tax attorney who has experience with FBAR disclosure matters. One way or the other, the IRS will learn of your friend's accounts. All foreign banks have now begun reporting to the IRS on the accounts they have that have indicia that the owner might be a US person (e.g., a mailing address in the US). If the IRS comes to your friend before your friend goes to the IRS, the penalties will be much higher than they will be if he goes to them first. There are several different disclosure regimes available, depending on the facts, which is another reason for your friend to consult with a knowledgeable tax attorney - to find out which one is best for him.
BTW, the worst thing your friend could do is what's called a "quiet disclosure" where he just amends the returns in question and files the delinquent FBARs as if nothing's happened. The IRS will catch wind of that pretty quickly, and will hold it against him.See question
I had a purchase sale agreement where the buyer agreed to pay me a monthly amount until the closing date which they kept moving. The sale never went through. They are now requesting my social security number to complete a W-9. Do I have to provide...
On the facts you've described, if you are entitled to keep the money then it is almost certainly income to you. Whether you provide a W-9 or not doesn't change that fact.See question
Together we have been separated for 11 years we have one son and I have a medical condition and been legally married for 17 years been on his medical Inc for four years and now they are taking me off I want to know why he won't tell me well they ...
Your post is very confusing; it would help if you could repost it more clearly.See question