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blue_moon
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Posted on 01-27-15 1:29
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Trying to do tax myself and turbotax says I owe ~7K to IRS. That's huge amount, any expert? legal advise please?
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lamopuri
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Posted on 01-27-15 1:31
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were you working on 1099?
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blue_moon
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Posted on 01-27-15 1:32
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lamopuri
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Posted on 01-27-15 1:34
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well.....apparently, your withholding was very less. There is no way you can escape Tax. On the bright side, it means that you have made pretty good sum last year. Just deal with it and pay what you owe!
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kalidasbhaisaab.
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Posted on 01-27-15 1:50
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एउटा ह्य्पोठेसिस: दिज्जु ले धेरै कमाइ बक्स्यो यो वर्ष तर सुरु मा w ४ मा Withholding मा एक वा दुइ भन्दा माथि को नम्बर राखी बक्स्यो जसले गर्दा हजुर को मोंथ्ली deductions नै कम भा हुन सक्छ जसले गर्दा आइले आएर धेरै तिर भन्दै छ. मेरो पनि अलिकति मिल्दो जुल्दो समस्या छ ..Withholding कम अनि आइले एक्कासी तिर भन्दै छ. कसरि कम गराउने भार ? Waiting फोर Tax Superman's advice :)
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kalidasbhaisaab.
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Posted on 01-27-15 1:52
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Dhila post garechu. Got it..pay or be square...
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magorkhe1
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Posted on 01-27-15 3:01
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If you have more than a job then each office puts you as a single they will withheld a standard rate to cover you.
If you have another and another then it hit tax bracket over than your withheld and you will end up paying from your pocket.
Suggestion: Any body doing two or more job each tax filing software will help to determine how much money you have to withheld to match to your income according to filing status. You can ask h&r to withheld more to match your total income.
If your office ask you to fill in w-4 form , put 0 not 1 for single, that will withheld more fed but for state you can ask then to withheld extra bucks.
If turbo tax says that then try TAXACT or H@Rblock and find out you did fill in wrong or that was the real result. Check your self.
Congratulations !
For what ? Good earning!
Last edited: 27-Jan-15 03:04 PM
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