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Most taxpayers will receive two notices from the IRS. The first general notice from the IRS will explain the tax rebate (payment) program. The second notice will confirm… the recipient's eligibility, payment amount and the approximate timetable for the rebate (payment). Taxpayers will need to save the second notice to assist them when they prepare their 2008 tax return next year. Taxpayers choosing Direct Deposit on their 2007 tax returns can expect their banks to start receiving their tax rebate payments starting April 28, May 2 and May 16, provided their returns were received and processed by April 15, 2008. For those taxpayers not choosing Direct Deposit on their federal returns, but which were received and processed by April 15, paper checks will be in the mail starting May 9, with the initial mailings completed by or around July 11, 2008. The IRS has released the following Tax Rebate Payment Schedule, which is based on the last two digits of your Social Security Number; for joint returns, it is based on the first Social Security Number listed on the 2007 federal return: Direct Deposit Payments 00 - 20 April 28 21 - 75 On or Before May 9 76 - 99 On or Before May 16 Paper Check 00 - 09 May 9 through May 16 10 - 18 May 23 19 - 25 May 30 26 - 38 June 6 39 - 51 June 13 52 - 63 June 20 64 - 75 June 27 76 - 87 July 4 88 - 99 July 11
According to the Gov't news this week, they are starting to deliver them to those who have electronic deposit in bank accounts, this week (04/28/2008). Presumably, all w…ill be done over the next several weeks.
Personal, Form 104 is due, as always by April 15th. Extensions are easily gotten and virtually automatic. Time to pay what is due however is a different story.…..you must pay your taxes through the year, by payroll withholding or by filing a 1040ES every quarter. Extensions of when to file are not extensions of when to pay. Regardless of when you file, penalties and interest charges accrue on any payments not made on time.
No. Nor would you possibly want to, as the only thing that ccould really happen is it weould increase your tax! (The more income the more tax...even if each ye…ar you owed no tax, say because you income was 12K, 2 years together = 24K and MUCH MORE TAX). Generally, any benefits from a prior year, say an overpayment of tax or a loss you couldn't use, can be applied to the next year. File that "old" return first...because the law limits how long you have to get the refunds and benefits from it (you already missed out on the Stimulus Payment), and it may help the next years.
THIS QUESTION HAS BEEN ASKED AND ANSWERED MANY, MANY TIMES AND IS PART OF THE DATABASE. (As a courtesy one is linked here as a "related question"). CORRECTLY USING …THE SYSTEM WILL PROVIDE THE ANSWER WITHOUT ANY DELAY, (or requiring inconvenience or action by anyone else).
Individual taxpayers e-filed almost 90 million tax returns during 2008, an increase of more than 12 percent over the prior year. Of the 155 million tax returns filed, ab…out 58 percent were filed electronically. http://www.irs.gov/newsroom/article/0,,id=188359,00.html
An individual may receive a tax refund from the government after filing their federal income tax return?
Yes Fiscal Policy
No difference....just the calculation of late/interest due would be. Same form, same place, same otherwise.
If you really had no income, probably not. But people sometimes forget everything that constitutes income. It's not just wages from your job. It includes interest, dividends…, rents received, royalties, pension benefits, sometimes Social Security benefits, investment income, etc. There may be some situations where you owe tax even if you had no income. For example, if you have an uncorrected overcontribution to an IRA from a previous year or you are over age 70 1/2 and failed to take a required minimum distribution from an IRA or 401k, you might owe a tax even though you had no income.
Today is May 2 and you are asking why you haven't received a letter that was supposed to be mailed on May 1???? Is this the first time in your life that anyone has ever mail…ed you a letter? It takes at least 2 or 3 days for a letter to travel across the country. Sometimes it takes a week or more. Chill out. And if you don't get it tomorrow, it's because the post office doesn't deliver on Sunday.
I never filed taxes in 2007 ut received 2008 federal refund but haven't received state refund yet should I be worried?
Many states are having financial problems that slow down the processing of refunds. Also, if you filed near the deadline, it always takes longer because of the large number of… people filing. Your state revenue department probably has a place on their web site or a phone number to check the status of your refund. If you are worried, refer to one of these places. If you were not required to file in 2007, that should not be a factor. If you were required to file but failed to, that may be a factor.
e-filing of 2007 federal returns ended on 10/15/2008. However, you may still use your computer to prepare a 2007 tax return. Just when you get to the filing step, choo…se the option to print it out on paper and then mail it in.
October 15th 2009
There are penalties for failing to file that will need to be taken into account. You need to consult with a tax accountant in your area.
In Income Taxes
Yes a tax return that was filed in the year 2008 would have been for the 2007 tax year income tax return.
Which policy relates to this statement an individual may receive a tax refund from the government after filing their federal income tax refund?
Taxpayer failed to file a tax return to claim a possible refund amount they had available to them if the refund amount is claimed in the 3 year time frame then the refund amou…nt is no longer available to the taxpayer. Taxpayer filed a income tax return and failed to claim some of the credits that were available to them if the income tax had been filed correctly and the can now file the 1040X amended individual income tax return to correct the error that was made on the original file income tax return to claim the additional refund amount.