What are the special tax rules for disaster areas? What are the tax implications of identity theft recovery?

A federal tax liability is an amount that's owed to the government in taxes. It can include income taxes on earnings and capital gains taxes on assets. ... obligation to collect the use tax owed by the customer. In effect, this use tax collection reimburses the retailer for its retailers' occupation tax liability. §143. Compromise of tax liability. The State Tax Assessor may compromise a tax liability arising under this Title upon the grounds of doubt as to liability or ... NCDOR may use such actions to collect unpaid taxes. These include attachments and garnishments, a certificate of tax liability (CTL), a jeopardy assessment, or ... If the credit exceeds your tax liability, the unused credit may not be carried forward to any other tax year. Child and Dependent Care Tax Credit. If you were ... Free from withholding of federal income tax. A person must meet certain income, tax liability, and dependency criteria. This does not exempt a person from other ... Taxpayer X has a $10,000 Income Tax liability and qualifies for a $6,000 Jobs Tax Credit and a $6,000 Child Care Credit. Each of these credits are limited to 50 ... By signing this form, I grant the applicant/purchaser a Power of. Attorney limited to obtaining this business's confidential tax liability information, and ... Your tax liability is the total amount of tax on your income minus any non-refundable credits, such as the Child Tax Credit, saver's credit, or dependent care ... Although these relate to the same liability, the tax returns and tax deposits are generally done separately: Federal tax deposits must be made on a periodic ...