If you turn someone in to the IRS for tax evasion when they’ve been paid with cash, does the IRS investigate bank records, etc to see if income amounts exceed the amount reported on income taxes?
Posts tagged ‘Income Taxes’
I am a self-employed consultant as of this year, so I am responsible for both income and self-employment taxes. If I cover all income taxes due with estimated taxes during the year, but do not include funds to cover SE taxes until I file in 2009, will it appear on my filing next April that I have under-paid, incurring penalties and interest?
2008 Income Taxes–How to negate the damaging effects of deductions that will be taken away from the IRS effective 2009.
Found out that doing energy-saving write-offs for your IRS taxes will no longer be deductible in 2009.
“If you paid state and local income taxes in 2007 for a prior year (such as taxes paid in 2007 as a balance due on your 2006 state income tax return), include this amount as other state and local income taxes paid.
Other state and local income taxes: $____”
While filing online, I got an alert here. I did not enter anything in. What exactly is the question asking?