Ask Experts Questions for FREE Help !
Ask
    mamaturner's Avatar
    mamaturner Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 3, 2010, 05:08 PM
    Tax penalty
    Please advise me, I have a problem with the Canada Revenue Agency, it ended up with them giving me a very high penalty, now I cannot ever pay that fine because it is HUGE, my question is , what is the worst that they can do to me, can they cancel my immigrant status, can they put me in jail?? Or what is the worst can they do to me? The absolute worse.. because there is no way I can afford to pay them what they are asking me, it is just impossible..

    Please advise me as I am totally helpless and alone in Canada
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 1, 2010, 03:57 PM
    Sorry, but this forum addresses only U.S. tax matters.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

401k penalty (after or before tax) [ 1 Answers ]

Hello: When calculating 401k early withdrawal penalty tax (10%), is it after or before the first 20% federal income tax? In other words, if the lump sum is 100k, tax is 20k. Is penalty 10% of 100k (10k), or 10% of 80k (8k)? Thanks, D

State tax penalty [ 3 Answers ]

Can I get penalized for not filing state taxes even if I owe nothing?

10% penalty tax - forgiveness [ 1 Answers ]

I was laid off in 01-07. I received my employee stock option plan Employee Cash Bal Ret Plan which I cashed out and something from Fidelity Onvestments which I also cashed out. They were not IRA's. The reason I cashed them out was to pay my COBRA and to start my own consulting business. In...

401 k tax penalty [ 2 Answers ]

I am 43 years old. In 2007 I took a hardship & removed $20,000 from my 401k. $2.000.00 was taken for taxes. I applied the rest in the purchase of my first new home. Now that it is time to file for tax season, will I have to pay taxes on the $18,000 that I used as a downpayment on a home loan? Does...

Tax Penalty on 401K [ 5 Answers ]

I am just divorced and am receiving 401K in a large sum. If I stay below $125,000 gross income will I stay at 25% tax penalty.


View more questions Search