Self employed people pay income tax and self employment tax on their income tax returns. It is possible that you don't owe income tax but owe self...

I have a tax return coming, but my account is overdrawn. Will they take my tax to pay the overdraft?

If the refund is being deposited into the over drawn account, then yes they will take it. Wouldn't you?

Received 3 years prior W2 this week. Legal?

how closely does your income reported on your tax returns match the W-2s. You are either going to have to amend your tax returns to line up with...

Do I have to pay penalty for underpaying taxes due to status change from married filing jointly to separate ?

You are subject to the Form 2210 interest (it is really interest, not a penalty) if you didn't pay in 90% of this year's tax. or 100% of last...

If a valid assessment was made the state has 7 years to be able to file a suit to take collection action. If the 7 years has passed, they have no...

How do I go about filing taxes for selling erotic pictures and videos?

You are self employed. you report your income and expenses on Schedule C of your Form 1040. A schedule SE for self employment tax which is over and...

I would like to know how much an employer based in Ohio state will pay as Payroll taxes for each employee. Thank you.

The employer's contribution in all states is 6.2% for social security and 1.45% for medicare. the social security for both the employer and...

Can I subpoena my exemployer for a W-2?

Has the employer prepared and sent W-2 information to the IRS. If so you should be able to at least get your federal information from the IRS in a...

New York state will tax you for the net business income earned in NYS. You file a nonresident tax return with NY. NJ will give you a credit for the...

I owe back taxes, the IRS has a lien on my home. Can they take inheritance money I receive ?

They can but they generally won't. However they may not know your situation or your financial hardship. It is always best to be proactive in...