My mother had a problem with the IRS last week, as they took out $800 from my college savings account. They were able to do this because we had a joint account set up. She then called the IRS a first time asking if they could put the money back or if she could do payments. One of the workers then told her that the...
Do not claim exempt. You do not know when something might change that would make even one dollar subject to tax. You don't have to give the IRS a great big interest-free loan; you can minimize it. I find it odd that with everything else you told us, you did NOT say how many allowances you have been taking on...
Tax threshhold is 12,000 per year.
The system is not always right, and an offset could start at any time. It can still be taken.
Purchased car with loan years ago for parents. They paid the loan as the years went by. Had $1500 and they wanted to pay it off. They did so and we transferred title. The car is worth more per kbb and now their accountant is wanting to tax them on value per oh law. Is that applicable in this scenario since they...
I have a son who is over 18 and still lives with me. Note, he is my only child. I have claimed him in the past no problem. This year I went to H&R Block instead of e-filing. She told me I was eligible for a child tax credit or CTC for my son. Of course I said yes, unknowingly. I just read that they have to be...
I am wondering low long it will take to get my taxes back. I want to know from YOUR personal experience. I know the IRS takes up to 21 Days.
I filed on February 1st and it said it’s still processing. It’s been 11 or 12 days since then.