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What will a minor be charged for taxes filed late?
I work as a grocery store cashier and my dad is a huge procrastinator. I asked him all the time to file my taxes and he did it on the last possible day, April 15th. It said I would get back $538. I got a text message saying it didn't work. I told my dad and of course he procrastinated again and didn't try it again until last week after I asked him all the time. It said it would penalize me for it. Then I got ANOTHER text saying it did not work and my dad still has not filed them again. I'm mad at him now. The government is going to penalize some sixteen-year-old just to benefit themselves. How much of a penalty willI get?
11 Answers
- HerrmannLv 79 years agoFavorite Answer
First, being a minor has NO bearing on the penalty assessed. Late filing penalty is based solely on the Amount Due. So, if you are due a refund, the "penalty" would be nothing.
Second, make sure the return is filed correctly. You are a dependent of another (your parents) and therefore CANNOT claim the personal exemption. You can claim the standard deduction. So, if you made less than $5,800, you are in the no tax bracket and will get all of your federal income tax withheld refunded.
- StephenWeinsteinLv 79 years ago
Yes, but not in this case.
The federal government only penalizes someone for filing taxes late, if either:
a) The person was not going to get anything back, or
b) They are over 3 years late.
Since they are only a few months late, and you were going to get something back, the federal government won't penalize you. None of this has anything to do with being a minor.
Also, if trying to file electronically has not worked yet, then it probably won't. You need to file your taxes the old-fashioned way, on paper, in an envelope, sent by mail, with the proper postage.
- BobbieLv 79 years ago
Since you are supposed to be due a REFUND amount if this is CORRECT the they will not apply any penalty amount for this at all.
And I really do NOT believe that you would be able to qualify for any income tax REFUND amount of 538 dollar during this tax filing season for the 2011 tax year during this tax filing season.
So be very careful and get your W-2 forms and look at the Box 2 FIT amount for this purpose federal income tax withheld during the tax year as that would be the only amount that you might be able to qualify to be able to receive as REFUND when the return would be correctly completed at that time in your life.
BUT your income tax return does need to be filled out correctly and filed to the IRS for pprocessingand they do have to send you the aacknowledgmentwhen they do receive and either ACCEPT or REJECT it in a day or 2 after it is efiled for that purpose and usually they tell you the reason or error that did cause the reject so that it can be corrected at that time and sent out again since the IRS never did accept the ooriginalwhen it was transmitted online at that time.
You really do have it wrong when you say that they will do this to benefit themselves for this purpose and being a minor does NOT change any thing when it come to the rules for income taxes at all.
You need your copy of your W-2 forms and other income information that hope fully your or your father does have and also a copy of the return that he filled out and tried to efile each time so that you can try to get it done CORRECTLY for this purpose NOW ASAP Good Luck.
So stop trying to depend on your Dad to get it done at this point in time when it appears like he is NOT too interested in getting it done correctly for you at this time in his life.
Hope that you find the above enclosed information useful. 07/20/2012
- 4 years ago
I used to believe that, however the feds inspect it diverse and don't take kindly to it. The belongings you're seeing is a mix of actuality and BS. be careful the place you tread. I rather have not filed a tax return in 4 years, yet it relatively is because of the fact i'm remote places and make notably much less then the $ninety 3,000 that ex pats remote places earnings might desire to rfile and pay taxes over that quantity. Please be careful what you suspect. on an identical time as they perhaps basically right to the letter of the regulation, the magnificent courtroom, nor our government has an identical opinion with that. solid luck
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- Tax ChopperLv 59 years ago
I feel that your dad did file your name as dependent in his tax return where you were considered part of his household. Then you can not file as single with your credit. You may have to check BOX 6a of your 1040 form to verify that. I guess this could be the reason why your return did not go through.
ASK your dad if he claim you in his tax or not.
IF he did, you must file return without claiming your own personal credit.
If he did not, you must have made something wrong in filing your return such as (Your name or social number does not match the IRS records obtain from social security Dept)
Do not forget to check with your dad if he claim you or not.
Good luck
- efflandtLv 79 years ago
Is this the first year you are filing taxes (for 2011)? If so and he is trying to e-file, I don't think that will work first time you ever filed, and the forms will need to be mailed in. Then next year e-filing should work.
- troLv 79 years ago
seems it is time to take responsibility for yourself and your taxes
if you would have been due a refund of $538, it might be penalized $5(or could be $100)
but you will only know when you get the return filed
and if you have one W-2, it is certainly a simple procedure for you to go to www.irs.gov find the free efile and follow the instructions, to the letter, and file your own
- Anonymous9 years ago
Unless you owe, there won't be a penalty.
Get your W-2. What was in box 1, box 2? Did you have any other income?
- JudyLv 79 years ago
There's no penalty unless you owe. If you have a refund coming, you don't owe.
If you did owe penalties, your age wouldn't protect you though.
- shoredude2Lv 79 years ago
Guess what. If the IRS owes you money, it is extremely rare for them to penalize you.
Don't wait for your dad. Go to the IRS website, print up a 1040EZ, do them by hand, and mail them in.