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If you get paid under the table and want to claim that income on your taxes can you do that without getting in trouble because you did not pay any taxes on that income?
Wiki User
∙ 16y ago
You can get in more trouble NOT reporting it.
It is absolutely law, and one they enforce and care about, that you report your earnings, regardless of whether the one paying you or not does.
Once you report it, you will have it as taxable income, although if you will actually pay any tax is another matter.
Wiki User
∙ 16y ago
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How many years can you go without filing taxes?
Until you get caught. Then it's big trouble bud!! Vote for Ron Paul. He wants to do away with income tax!
Who can tax income without apportionment among states?
Congress can tax income without apportionment among states
Is annual income your gross or net income?
Your annual income is generally your net income - what you earned (gross income) minus the taxes and pre-tax benefits you pay for prior to getting your paycheck (deductions).
Will you get back money if you file your inome tax without being employed for that year?
The answer is NO. When you are employed you have federal taxes taken from your pay or if you are self employed you are to pay Federal taxes on your gross income twice a year. During tax time if you were employed or self employed and have earned income (which is what you made all year) you file a federal income tax. The purpose to file taxes is to see if you will end up getting taxes back from what you have paid in all year or if you will end up paying because you still owe. Depending on the income bracket you fall under, if you have dependants to claim, or if you have any deductions will calculated to see what your getting back.
Does disposable income decrease when income decreases?
yes because the disposable income it is necessary to determine total income so when income decrease does disposable income decrease also.
Why income tax schedules are good or bad?
They are good because without them you couldn't figure out how much income tax you owe.
How does the state know you owe taxes when someone dies?
Because your account is connected with your social number so the government officers are able to track your income. If they found out that you have income that you did not pay the taxes, you may be in trouble.
How many years can you go without filing taxes?
Until you get caught. Then it's big trouble bud!! Vote for Ron Paul. He wants to do away with income tax!
Can a collections agency freeze bank account for medical bills?
They can freeze the account, but thet can't keep your unemployment income. You have to prove to them that it is unemployment income by getting copies of your bank statements showing the unemployment income.
How can get Steady income without getting job?
By investing in sucessful companies that pay dividends. Marry into money. Hit the lotto. Beg on the street.
Who can tax income without apportionment among states?
Congress can tax income without apportionment among states
If you live in Ohio but work full time in Nevada do you have to pay Ohio income tax?
probably because you live in Ohio therfore you are getting your income there so it is likely you will have to pay the tax ... sorry
Can unemployment be a good thing?
It could, if you know that you could continue your financial life without a source of income, unless there is another person in your household that is getting paid.
Why did the Third Estate feel it was getting cheated?
because the third estate was paying sky high taxes and the first and second weren't. they also had to pay rents and fees to the landowners, but they also paid a tenth of their income to the church. they had to preform labor without pay.
Is 40000 a year a good income when living in California?
Not without a second income!
733 credit score what does that mean?
That is considered to be a slightly above average credit score. That means you shouldn't have any trouble getting the bank to finance something that would not cause you to exceed 40% of your debt to income ratio.
Why do people get income tax?
Because they have income.
