What would you like to do?
As soon as you know all of your information. Wages, interest,
investments, deductible expenses, etc...
Theoretically, you could file on January 1, XXXX
However, employers, banks, etc . - everyone - who needs to report to you (and the IRS) the things you need to know (generally by providing a form 1099 or W-2) have until the end of January to do so - and these forms MUST accompany your formal tax return filing.
Some Cos will give you a refund (if one is coming) using only your last pay stub and information you provide - but they are actually doing so by giving you a loan against the expected refund, charging you very high fees for the loan and the actual filing of the return when the forms are available that one must contract with them to do. (Called a "revenue anticipation loan" or some variation).
These LOANS are considered predatory - that is something that scammers do to fools - because the are so expensive and many companies have been prevented (legally) from even trying to provide them under any guise. (H&R Block included for 2010).
Theoretically, you could file on January 1, XXXX
However, employers, banks, etc . - everyone - who needs to report to you (and the IRS) the things you need to know (generally by providing a form 1099 or W-2) have until the end of January to do so - and these forms MUST accompany your formal tax return filing.
Some Cos will give you a refund (if one is coming) using only your last pay stub and information you provide - but they are actually doing so by giving you a loan against the expected refund, charging you very high fees for the loan and the actual filing of the return when the forms are available that one must contract with them to do. (Called a "revenue anticipation loan" or some variation).
These LOANS are considered predatory - that is something that scammers do to fools - because the are so expensive and many companies have been prevented (legally) from even trying to provide them under any guise. (H&R Block included for 2010).
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How soon can you do your taxes?
after July 1st, and when u have ur group certificate
When to file taxes?
Presumably, you mean Personal Income Tax, normally done on a Form 1040....(others have different times). April 15 each year is the due date for filing your Federa…l individual income tax return, if your tax year ends December 31st. Your return is considered filed timely if the envelope is properly addressed and postmarked no later than April 15. If you use a fiscal year (which is a year ending on the last day of any month other than December), your return is due on or before the 15th day of the fourth month after the close of your fiscal year. If the due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day (i.e., Tax Year 2006 is due April 17, 2007). If you cannot file by the due date of your return, then you can request an extension of time to file. However, an extension of time to file is not an extension of time to pay. You will owe interest on any past-due tax and you may be subject to a late-payment penalty if payment is not made timely. To receive an automatic 6-month extension of time to file your return, you can file Form 4868 by the due date of your return. For more information, refer to the Form 4868 Instructions. If you are a United States citizen or resident, whose home and main place of business or post of duty is outside the United States and Puerto Rico on the due date of your return, you are allowed an automatic extension until June 15, to file your return and pay any tax due. This also applies if you are in military or naval service on duty outside the United States and Puerto Rico. If you use this automatic extension, you must attach a statement to your return showing that you met the requirements for the extension on the due date of your return. If a joint return is filed, both husband and wife must sign the return. If your spouse cannot sign because of disease or injury and requests that you sign the return, sign your spouse's name in the proper place followed by the word "by" your signature, followed by the word "husband" or "wife". Be sure to also sign in the space provided for your signature. In addition, you must attach a statement that includes the form number of the return you are filing, the tax year, the reason your spouse cannot sign the return, and that your spouse has agreed to your signing for him or her. If you are the guardian for your spouse who is mentally incompetent, you may sign the return for your spouse, as guardian. If your spouse cannot sign the return for any other reason, you may sign it only if you are given a valid power of attorney. The document granting you power of attorney should be attached to the return when it is filed. Form 2848, Power of Attorney and Declaration of Representative, may be used for this purpose. If you are filing a return for a minor child who cannot sign the return, sign the child's name followed by the word "by", your signature, and your relationship, such as "parent" or "guardian of minor child". Be sure to attach the Form W-2 and the Form 1099-R that show Federal income tax withheld to the front of the return. If you are filing Form 1040, be sure to attach all related schedules and forms behind your return in order of the sequence number located in the upper right hand corner of the schedule or form. If you owe tax, make your check or money order payable to the United States Treasury, and enclose it with your return. On the front of your check or money order, please show your name, address, social security number, daytime phone number, the tax year and type of form you are filing (for example, "2005 Form 1040"). Do not mail cash with your return. You can also use a credit card to pay the tax due by calling 1-800-2paytax (1-800-272-9829) or Link2Gov (1-800-729-1040). Refer to your form instructions for more information. If you cannot pay the amount owed with the return, refer to Topic 201, The Collection Process, for more information. You may want to file electronically! When you file electronically, you usually receive your refund within 3 weeks after the IRS has received your return, even faster if you have it directly deposited into your checking or savings account. Many professional tax return preparers offer electronic filing of tax returns in addition to their return preparation services. A fee may be charged. For more information on electronic filing, click on the e-file logo on the home page of irs.gov.
When do you have to file for taxes?
before April 15
How do you file your taxes?
maybe you should consider getting a accountant, or even just get one to tell you how to do it
How soon can you do taxes?
You have to wait until the US Senate as well as your state's legislature pass the laws for the year's tax rates and changes. Usually this happens by late January. Also, by wai…ting your chances of correctly computing your taxes improves. ans A return must cover 1 full year, which for individuals must be Jan - Dec, so you can't complete a return until the reporting period is over - UNLESS - you have one of the special circumstances that require a "short" reporting year (these are things like death, expatriation, etc.) - in which case special forms and such are involved. Of course, you actually pay and file estimates all through the year and can adjust those as needed. (Theoretically, your filing just confirms your accurate prior report/estimates). In the US the Feds and most States have a fiscal year of July - June, and virtually all legislation changing tax is handled when making the budget for that next period and voted/passed by end of July (or emergency measures/budgets/funding put in place)...of course some are delayed longer. Nonetheless. the laws, and rates can change at any time, both prosepctively and retrospecitvely - but from a pragmatic point of view - most importantly, the Forms you need to use are generally not made until late in the year and available Dec- January.
When can you file taxes?
Presumably, you mean Personal Income Tax, normally done on a Form 1040....(others have different times). April 15 each year is the due date for filing your Federal individual… income tax return, if your tax year ends December 31st. Your return is considered filed timely if the envelope is properly addressed and postmarked no later than April 15. If you use a fiscal year (which is a year ending on the last day of any month other than December), your return is due on or before the 15th day of the fourth month after the close of your fiscal year. If the due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day (i.e., Tax Year 2006 is due April 17, 2007). If you cannot file by the due date of your return, then you can request an extension of time to file. However, an extension of time to file is not an extension of time to pay. You will owe interest on any past-due tax and you may be subject to a late-payment penalty if payment is not made timely. To receive an automatic 6-month extension of time to file your return, you can file Form 4868 by the due date of your return. For more information, refer to the Form 4868 Instructions. If you are a United States citizen or resident, whose home and main place of business or post of duty is outside the United States and Puerto Rico on the due date of your return, you are allowed an automatic extension until June 15, to file your return and pay any tax due. This also applies if you are in military or naval service on duty outside the United States and Puerto Rico. If you use this automatic extension, you must attach a statement to your return showing that you met the requirements for the extension on the due date of your return. If a joint return is filed, both husband and wife must sign the return. If your spouse cannot sign because of disease or injury and requests that you sign the return, sign your spouse's name in the proper place followed by the word "by" your signature, followed by the word "husband" or "wife". Be sure to also sign in the space provided for your signature. In addition, you must attach a statement that includes the form number of the return you are filing, the tax year, the reason your spouse cannot sign the return, and that your spouse has agreed to your signing for him or her. If you are the guardian for your spouse who is mentally incompetent, you may sign the return for your spouse, as guardian. If your spouse cannot sign the return for any other reason, you may sign it only if you are given a valid power of attorney. The document granting you power of attorney should be attached to the return when it is filed. Form 2848, Power of Attorney and Declaration of Representative, may be used for this purpose. If you are filing a return for a minor child who cannot sign the return, sign the child's name followed by the word "by", your signature, and your relationship, such as "parent" or "guardian of minor child". Be sure to attach the Form W-2 and the Form 1099-R that show Federal income tax withheld to the front of the return. If you are filing Form 1040, be sure to attach all related schedules and forms behind your return in order of the sequence number located in the upper right hand corner of the schedule or form. If you owe tax, make your check or money order payable to the United States Treasury, and enclose it with your return. On the front of your check or money order, please show your name, address, social security number, daytime phone number, the tax year and type of form you are filing (for example, "2005 Form 1040"). Do not mail cash with your return. You can also use a credit card to pay the tax due by calling 1-800-2paytax (1-800-272-9829) or Link2Gov (1-800-729-1040). Refer to your form instructions for more information. If you cannot pay the amount owed with the return, refer to Topic 201, The Collection Process, for more information. You may want to file electronically! When you file electronically, you usually receive your refund within 3 weeks after the IRS has received your return, even faster if you have it directly deposited into your checking or savings account. Many professional tax return preparers offer electronic filing of tax returns in addition to their return preparation services. A fee may be charged. For more information on electronic filing, click on the e-file logo on the home page of irs.gov.
When can you file your taxes?
You really can't even try to file until February 15th. Prior to that date you must make every reasonable effort to obtain a W-2 from your employer, who is required to ma…il or otherwise deliver your W-2 to you no later than January 31st. Also, you need any of the other forms (like 1099, from banks, etc), and if you do file withhout them, there are additional forms you need to provide so the IRS can find out why whoever was to provide them didn't. Obviously this can delay the processing of your return....and if the amounts you showed don't exactly match what is filed (and employers frequently have some year end changes that will make your last stub in accurate), you would have to file an amended return to correct it...or expect nasty-grams! Finally, if your wanting to do so early because you have a large refund coming...especially if that is common for you...you should file a new Form W-9, to change the amount of withholding being done so your not always having too much taken out of your check through the year.
If no taxes are taken out do you have to file taxes?
Filing and paying are 2 different things. You are required to pay as you make money, that is commonly done as you work, by your employer "withholding". But many types of inc…ome, and many people, don't get income from an employer. They still have to pay tax....and file a return. Most people who have money withheld from their employer have TOO MUCH money withheld. Filing the return get them that amount back...a refund. Still they MUST file the return. Federal Taxes are the same throughout the country. State tax laws are specific to each area. Whether you have to file a tax return (or pay tax) depends, in part, on your filing status, deductions, amount & type of income. There are no such things as "start and stop" ages, not having to pay because of retirement or on social security or working from home or a student. It is all addressed as a matter of"how much TAXABLE income." (Note: working isn't relevant either, as many people who don't work or are retired, or disabled, or old, or young, or in school, have income from many sources: savings, investments, etc. TAXABLE income is different than what you may otherwise think of as income. In most circumstances, you have to do many of the calculations needed to file a return, just to determine what taxable income may be). Likewise, there are no special or fixed rates for retired, student, doctor, sanitation worker, President, convict...whatever. The amount of taxable income after applicable deductions and adjustments determines the rate applied to your particular situation. The rate, as well as the amount, you pay changes as the amount of income does. You must file a tax return if you had net earnings from self-employment of $400 or more. This is your total self-employment income less the expenses paid in operating your trade or business, multiplied by 92.35%. If you weren't self-employed (meaning paid on a 1099 or ran your own business) then you would always want to file a return to claim the amount withheld and shown on your W-2. Which with lower incomes will always be refunded to you. If you are an individual who may be claimed as a dependent on another person's return, you are subject to specific filing requirements. Refer to the instructions in your tax package or refer to Publication 929, Tax Rules for Children and Dependents, or Publication 501, Exemptions, Standard Deduction, and Filing Information, for the filing requirements for dependents. All available at www.IRS.gov You must file a tax return if you received any amount of advance earned income credit payments from your employer during the year, or if you owe any taxes, such as: social security tax and Medicare tax on tips or group life insurance,alternative minimum tax,tax on qualified retirement plans including an Individual Retirement Account, or other tax-favored account,tax from recapture of an education credit, investment credit, low income housing credit, federal mortgage subsidy, qualified electric vehicle credit, or the native American employment credit. Generally, you must file a tax return if you are a nonresident alien with income from sources in the United States. For more information on nonresident aliens, select Topic 851 at the IRS website. Even if you are not required to file a tax return, file a return BECAUSE MANY, LOW INCOME PEOPLE HAVE MANY BENEFITS COMING THAT ARE KEYED TO FILING A RETURN. (Like stimulus checks). Also, the Statute of Limitations for when the IRS can no longer ask you questions about your affairs for a year only STARTS to run when a return is filed. Not filing, and they can bug you, (and assess a tax) for forever! You can file for free at the www.irs.gov site too! See http://www.irs.gov/pub/irs-pdf/i1040ez.pdf
Why do you have to file taxes?
First off of course is because it is the law.But really, becasue you are a memebr of society and want and more than that need the things government provides...all of which are… funded by taxes.
Do you have to file your taxes?
Obviously, as no one LIKES to file and pay, the well established system is fairly adept at catching those that don't...it has been thought of before! The receipt of a W-2 …makes little difference to having to file. All income is presumed taxable and certainly many people who don't work as employees, are retired, self employed, just rich, have investment income, etc etc have to file tax, yet don't get a W-2. The consequences of not filing are many fold and type: First it is the law to do so and there are lots of people in jail for not doing so. Not doing so immediately incurs an additional and substantial penalty and interest charges when the failure comes to light. The tax will always be due, and all the bad things that can happen continue, as the statute of limitations doesn't start to run until a return is filed. You will probably be subject to audit, even intense audits, much more regularly. When you want or need to claim a government benefit, it may become very difficult or impossible. Finally, experience has shown that a great majority of the time those people who fail to file actually had a refund coming had they done so! They just outsmarted themselves without understanding the system.
Who has to file taxes?
A dependent on another taxpayer income tax return with unearned income interest, dividends, capital gains, rental income, taxable social security benefits, unemployment compen…sation, gambling winning and misc income, etc of more than 950 must file an income tax return and report all worldwide income on the 1040 tax return. A self employed taxpayer would be required to file an income tax return if business operation had any gross income amount. If the business has a net profit over 400 the business would have to file and pay the social security and Medicare taxes that would be due plus any income tax that may be due after adding the net profit to all other gross income on the 1040 tax form and the amounts would be subject to income tax at the taxpayer marginal tax rates. The must file an income tax return requirement for the year 2009 would be in the 2009 1040 instruction book starting on page 7 through 9 and the book is available at the IRS gov website and using the search box for 1040 and choosing instructions. Filing Requirements Do You Have To File
How soon after you file taxes do you get your money?
For a mailed 1040 income tax return and no direct deposit selected. IF you have any refund amount due you then you would receive a paper check IF you used your correct mailing… address on your correctly completed income tax return. If your income tax has been completed correctly and filed to the correct IRS address and IF the IRS accepts your income tax return as you filed it. It could take If your income tax return was NOT completed CORRECTLY and the IRS does NOT accept it as you filed it then you will receive a letter or notice with some contact information and some information telling you what you will have to do to correct the original filed income tax return. Paper Return Processing Time If you file a complete and accurate paper tax return, your refund will usually be issued within six weeks from the date it is received. Returns Filed Electronically If you filed electronically, your refund will normally be issued within three weeks after the acknowledgment date. Check the Status Online The fastest and easiest way to find out about your current year refund is to go to the IRS gov web site and click and on left side of the page under Online Services choose the Check on Your Refund "Where's My Refund?" link at the IRS.gov home page. To check the status online you will need your Social Security number, filing status and the exact whole dollar amount of your refund shown on your return. Check the Status By Phone You can check the status of your refund by calling the IRS Refund Hotline at 800--829--1954. When you call, you will need to provide your Social Security number, your filing status and the exact whole dollar amount of the refund shown on your return. Click on the below Related Link
Answered
How soon can you file your tax return once married?
Once you are married you can file a joint tax return as long as you were married for one day in that year.
Answered
Should me and my wife still file tax return together next year if we are getting divorced soon?
Your filing status is legally defined by your marital status at 11:59 pm on December 31st of any given tax year. So for the 2011 tax year whatever your marital status is right… after the ball drops in Times Square - then that will help determine what your filing status is. If you are divorced by then your filing status would be Single if you don't have any dependents or, possibly, Head of Household if you do. If you are still legally married at that moment then you can file one of three ways: Married Filing Jointly (still the BEST option to get the most deductions/credits) Married Filing Separately or, possibly you may qualify to file as Head of Household (with a dependent) if you meet the strict guidelines.
Answered
How soon can you file your 2011 income tax?
Now since 2011 is over.
Answered
How do you file taxes when taxes were not with held?
You file taxes just as you normally would. The only problem is that you may end up having to pay the IRS a large tax bill after you file. When you're entering the information …from your W-2 or 1099, you will just leave blank the sections where it asks you for the amount of tax that was withheld from your wages, as those boxes will be blank on the forms you receive from your employer. Unless you are exempt from withholding, it's a good idea to have money withheld from your paychecks. Your withholding for the year should more or less equal your tax liability. You can adjust your withholding by adjusting the number of allowances you claim.
Answered
What is tax filing?
A tax return is a form (paper or online) on which you: report details of your taxable income, and any capital gains if appropriateclaim tax allowances and tax reliefs. HM Rev…enue and Customs (HMRC) may issue a tax return to you each tax year. The tax year runs from 6 April one year to 5 April the next. If you receive a tax return, the law says you must fill it in. HMRC uses the information on your tax return to work out your tax bill or work out whether you are due a tax refund.