After i file taxes, I will end up getting a refund not owing. will child tax credit make my refund larger or does it not matter at all?

Child Tax Credit will not make your refund larger. Rather, it is the Additional Child Tax Credit that may increase your refund. The calculation involves your AGI so without that info, it's hard to say.

I recieved notice I may owe taxes from 2006, I have a proposed tax bill. will that effect my stimulus refund?

What if I establish a payment plan with them for the amount due. will they still take it out of the rebate?

Yes, refunds for a current tax year are always based on not owing for a prior year. If you owe or the IRS believes you owe, they will diminish the refund by that amount. If you do nothing to resolve it, they will keep the amount as payment of debt.

A word to the wise, never take the IRS' word that you owe taxes. Check the facts yourself.

If you disagree, send a letter explaining why. Include any supporting documentation that you might have. This goes for penalties and interest too. Even if you do owe, you can often get a reduction in penalties and interest by explaining the circumstances, promising to do better, and requesting relief. The worst they can do is say, "no."

You should always ask and you should always follow phone converstations with a letter. Be sure to get the name and ID number of any IRS employee that gives you advice. If you don't have this information and the advice was incorrect, you may be liable for penalties and interest for the error.

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Yes. They will withhold the amount due as insurance. Once the past bill is paid, they'll release it.

If I don't owe taxes (expecting return) do I still have to file by the 15th?

I am waiting until last minute because my former still hasn't gotten me my W-2 despite numerous phone calls and email. In fact he hasn't given W-2's to any of his former employees.

If I do file, without them what will I have to do when I finally do get them? Thanks

You can file without a W2, using your final pay stub, which should have all the info you need.

As long as you don't owe, the April 15 deadline doesn't apply. But observing it is still a good idea if you can.

The state of maryland is saying i owe taxes from 14 years ago. is there a limitation on this?

They said they couldnt find me all this time. this seems shady to me. is there some type of limitation as far as ho many years go by. i have no tax records going back that far.

Unfortunately they can. And they can charge you interest on those 14 years too.

I owe taxes from 3 previous years and I am on a payment plan with the IRS, HELP!?

I owe taxes from 3 previous years and I am on a payment plan with the IRS, if we file this year (I just got married in October of '07) as married joint, will the IRS then take out of our refund together, what I still owe them when I was single/filed previously?

If you file separate returns, your spouse's refund will be safe. Period. However filing separately is usually not the best idea as you'll often pay a higher total tax that way.

If you file a joint return your spouse should attach Form 8379 to your return to protect their portion of the refund. Although that can be filed that after the fact, I'd highly suggest you file a paper return and attach the Form 8379 to it to ensure that it is processed as expeditiously as possible.

With the Form 8379, the IRS will allocate your spouse's proportional share of the refund to him and capture your share and apply it to your tax debt. How it will be divided will depend upon state law. If you live in a common law state, he'll get a proportional refund, based upon your proportional income and how much was withheld from his pay. If you live in a community property state, he'll get half of the refund regardless of any proportional division.

You can minimize or eliminate any offset if you carefully calculate your withholding allowances at your jobs. If you have a small debt at tax time there will be nothing to offset and you won't have to bother with the Form 8379. As long as you keep that debt to less than $1,000 there will be no penalties or interest due at filing time. This is completely legal and one way to beat the system.

If i owe taxes to both state and federal, will i still get the rebate that everyone is getting this summer? If i owe taxes to both state and federal, will i still get the rebate that everyone is getting this summer?

Well if you paid what you owe then yes, otherwise no, they will take what you owe out of your economic stimulus check

I chose 3 exemptions for this year. I make under 30,000 and every tax estimator program I use claims that I will own money this year. I have been using the standard deduction amount, not what I believe my actual deductions are.

It depends - do you actually have yourself and two dependents? Are you married? Qualify for head of household? What do you have for itemized deductions?

Need more info to answer your question. But if you've tried several tax estimator programs and all come up saying you'll owe, you probably will.

Is there anyway to know if I will owe taxes or get a tax refund?

I make 20k a year and have federal and state removed. I only claim myself. I have no kids or no head of household? any ideas?

You will need to have at least $1257 in Federal Taxes Withheld, not SS and Medicare in order to about break even.

AGI 20,000
PE -3,500
St D -5,450
Taxable Income 11,050

Tax tables show tax as 1256