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heating
Feb 11, 2007, 10:52 AM
Hello everyone,
I recently gave my tax information to a CPA and he told me i will probablt owe the IRS about $50.My question is how after paying $600 in taxes on a $6000 401k and also paying $900 in taxes on my regular 1040 form on a taxable income of $4150.I also drew unemployment last year after losing my job due to a Tornado and the taxes there were $800 dollars on an unemployment amount of $6150.How could i possibly owe the IRS $50?
Thanks so much if anyone can tell me
josh sharpton:confused:
Lord_Darkclaw
Feb 11, 2007, 11:20 AM
Who knows? I've heard it said that the american tax system is so complicated and contradictory that there isn't a single human being on the face of the Earth who understands how it works!
jeffp
Feb 11, 2007, 11:52 AM
Ask this to the CPA who did you taxes. He or she should be willing to walk you through the calculations.
AtlantaTaxExpert
Feb 11, 2007, 09:52 PM
Yes, definitely make the CPA show you the calculations.