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  2. What Is Tax Liability? - AOL

    www.aol.com/tax-liability-000002646.html

    Gambling winnings. Tax liability also applies to business income. ... No. Tax liability is the amount of tax you owe. A tax refund means you've paid too much and the IRS is refunding your ...

  3. What Are Back Taxes? Meaning and Consequences - AOL

    www.aol.com/finance/back-taxes-meaning...

    When a person owes back taxes, the IRS and, in some cases, state tax authorities can take actions to recover the debt. These consequences vary depending on the amount owed, the duration of the ...

  4. Taxable Income: What It Is and How To Calculate It - AOL

    www.aol.com/taxable-income-calculate-185222875.html

    If you file a federal tax return as an individual, you could pay income tax on up to 50% of your Social Security benefits (assuming a combined income of $25,000 to $34,000).

  5. What Is Double Taxation and How To Avoid It - AOL

    www.aol.com/finance/state-refund-could-taxable-2...

    Make certain to keep a record of your taxes from year to year so you can quickly determine if you owe federal income tax on your state deduction. FAQ Here are the answers to some of the most ...

  6. What To Do If You Receive An Unexpected Tax Bill From The IRS

    www.aol.com/receive-unexpected-tax-bill-irs...

    Read: What To Do If You Owe Back Taxes to the IRS. ... Borrow money where you can. Make sure your W-4 information is correct. 1. Pay What You Owe or What You Can by the Due Date.

  7. Can The IRS Garnish Your Wages? - AOL

    www.aol.com/finance/irs-garnish-wages-001643654.html

    If you owe back taxes to the Internal Revenue Service (IRS), they can garnish your wages. But it must follow strict guidelines. This means wage garnishments will rarely be a surprise to you and ...

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