Can you get a tax refund if you filed 9 months after deadline?
Yes. You can actually file for a refund for the current year and two years previous. Right now you can file for a refund on tax years 2008, 2009, and 2010. You can also file for a refund on 2007 if and only if you filed for an extension in 2007 which gives you until October 15th to file for the 2007 refund. If you did not file an extension in 2007 then your time to request a refund expired on April 15th.
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Filing Return While in Bankruptcy . Yes, you still have to file your taxes as usual. Any refund will probably be appropriated by the trustee and treated as a nonexempt asset, which will be used for repayment of creditors.. Adding As indicated, this is one of your assets and must be disclosed to …the creditors committee as something they can use to pay your debts. They will probably ask about it if you don't provide it. They've seen it many times before. ( Full Answer )
Answer . \nAbsolutely. In fact you must. Sooner the better obviously, but, late filing isn't even penalized that badly (if at all if you have a reasonable cause excuse), and frequently your doing so will get a refund that you had coming, (filing is different than paying).\n. \nNote: Since th…e statute of limitations(the laws about how long you can be audited and assessed for mis-reporting), starts running with the filing of the return, unless you file a return your ALWAYS liable for it. So apply for something from the govt., like social security or such, even years from now...have the computer see a missing filing...get a bill...with all penalties, interests, etc...not that unlikely. ( Full Answer )
I believe the best way to look at this is: The money your being refunded is an overpayment made for earnings at some time. If those earnings were pre-petition, so had you had the money it would have been part of the BK assets, then the refund should be too. (The only reason the BK didn't have it… as asset to start was because you over estimated a payment...you could have over estimated and had all you earnings withheld...but that certainly wouldn't mean you should get it all back now because you had it essentially on deposit someplace else). ( Full Answer )
Until you file, your money is yours to use. Financial counseling would be an excellent choice.. However, you have debt obligations you promised to pay...that would be a good honorable place to use it. (If you don't think doing the honorable thing is important, then don't complain when others don't …care about what harm they do to you). Anything you do for some extended time, especially using any asset or trying to make a benefit, before BK can be challenged in the BK (and reversed, etc.)...as being done preferentially in anticipation of BK. And here to, the BK Court doesn't like anyone doing those things, so they may decide to not be as favorable to you as they could be. (And if you swear to them you didn't act that way (and you will be swearing to it), and they can see you did..well that can be criminal purjery). ( Full Answer )
Either way they will want a tax return filed before filing for chapter 13. If you are expecting a refund then they will seize it if it is after so to keep the money file first and wait for the return, it will be considered as part of your income. If you owe it is better to know the amount before… filing. ( Full Answer )
Midnight, April 30, 2008 You can also file your taxes online. For more information, see the Related Link.
Sure. And you get one before and during C 7 too. Its just that a refund is a return of an overpayment, an amount that you put on deposit above what was needed if you will, and you hand it over so it can be used to pay the debts it would have been available for. After BK, if you overpay tax on any… of those earnings, it is yours to do with as needed also. ( Full Answer )
It makes no difference. The refund of your overpayment is an asset that is part of your BK anyway. It was overpaid using funds before your filing, that would/could have been used to pay debts..it is a pre-ptition asset...simply on deposit at the Gov't. When you file to receive it is irrelevant.
Rapid refund and such are done by private companies and are fancy names for very expensive loans. If your paid on a 1099, you were required to make estimated tax payments through the year, and if you overpaid on those, and therefore have a refund coming, I suspect they would give you that loan. But …if that's the case, as the last payment was due 12/15, you should have sent less...not sent a lot and then borrowed money at a huge charge waiting to file a return and get it back. ( Full Answer )
Understanding, filing and paying are 2 different things.. You must pay, through withholding or estimated payments, through the year (basically at least quarterly). The amount you have paid in MUST meet certain thresholds or you will pay a (frequently substantial) penalty and interest later.. Retur…ns - the filing - squaring up your estimated payments to your actual amount needed, is due - as always April 15 (+a day for legal holidays weekends or such if needed). Extensions of when to file are easy and automatic, for up to 6 months (again when to file, not to pay...any underpayment will be charged even with an extesnion of when to file). ( Full Answer )
file an additional information page to amend your tax refund and show the additional information and file it again, then just wait they will certainly contact you if you made a mistake. Where ever you get your taxes done can do this for you also.
You can get an automatic six-month extension of the deadline for filing your income tax return. To request an extension, submit Form 4868 (Application for Extension of Time to File U.S. Individual Income Tax Return). It's important to remember that the extension gives you extra time for getting y…our tax return in order for the IRS. But it doesn't extend the time you have to pay tax due (if you're not getting a refund). Any amount not paid by the April deadline is assessed interest. A late payment penalty is charged if you haven't paid at least 90 percent of your total tax by the April deadline. If your return is completed but you can't pay the full amount of tax due, the IRS wants you to file your return on time and pay as much as you can at that time. ( Full Answer )
If the IRS receives your return or payment after the deadline date but it is postmarked on or before the deadline date, then it is considered to have been filed on time.
Yes. Do you think the IRS should just presume that everybody who doesn't file doesn't owe any taxes? 26USC6012 requires anyone having more than a certain amount of income to file a tax return. 26USC7203 makes willful failure to file a return a crime punishable by up to a year in jail and/or a …$25,000 fine. Neither of these laws carry any requirement that you owe money. It is extremely rare, but people have been successfully criminally prosecuted for failure to file even though they might owe no money. See Spies v. United States , 317 U.S. 492, 496 (1943); United States v. Wade , 585 F.2d 573, 574 (5th Cir. 1978). Is the typical guy whose only source of income is a W-2 on which he had way too much tax withheld going to get prosecuted? No. Maybe if he gets arrested for something else like drugs, a tax charge might be piled onto his case. Or if he sends threatening letters to the IRS commissioner, they might take revenge. But not typically. People who have never had any income other than a W-2 forget one fact: The IRS does not know whether you owe any money until you file your taxes. A lot of people have income from other sources that does not get reported on a W-2. They owe income tax on that, too. And the IRS does not know that you have dependents or have deductions or whatever unless you file a tax return. They need that statement, sworn under penalty of perjury, of your income, deductions, exemptions, credits, and so on to properly calculate whether you owe taxes. If you don't send it to them, they will make certain worst-case assumptions about you and could even pursue you for taxes you don't owe. And if you don't file, the statute of limitations never starts running. That mean that the IRS can hound you over whether you owed taxes forever. There are also certain elections that need to be made on or before the filing date. Failure to make these elections in a timely manner means you forfeit the opportunity. For example, you can take a return of your current year IRA contribution or recharacterize a contribution up until October 15 of the next year, but only if you file your return (or an extension) on time, even if you don't owe money. Now many people will point to the fact that the civil penalty (as opposed to the rare criminal penalty) for filing late is based on the amount of money you owe. If you don't owe any money, the penalty is $0. (Note: some states impose penalties that may not be based on the amount you owe.) They then extrapolate that to mean you are not required to file and nothing will happen if you don't. These people do not know the big picture. And I don't know how many times I've seen people say "I always get a refund" but this year they don't. And they don't realize it because they haven't filled out their taxes. Or they make a mistake on their taxes and the IRS catches them. They end up paying thousands of dollars in needless failure to file penalties because they didn't file on time. ( Full Answer )
For a couple of reasons. 1. If you have allowed the government to use your money interest-free from the day you overpaid your taxes, you continue to lose the value of that money for each day you have not yet received it. 2. There are people who file bogus tax returns in your name, making claim…s for refunds that you will never see, costing billions of dollars every year, and making it very difficult for you to obtain a timely refund. ( Full Answer )
It doesn't matter if you receive an income tax refund or not. The fact is is you worked and had federal and state taxes taken out you would need to file your taxes every year. However, much depends on your filing status (single, married, etc) and how much you made that year on whether you would file…. To be on the safe side if you had federal and state taken out of your checks you should file. ( Full Answer )
I- CAN !Â® E- File E-Filing for tax year 2009 begins January 18, 2010. Welcome to I- CAN !Â® E- File . I- CAN !Â® E- File can help you prepare and E- File your taxes . ... We have FREE online chat available to help you with any questions you have about using I- CAN ! ... … www.i can e file .org/ - Cached - Similar I found this and the date says January 18, 2010 is the first day to e-file so I am assuming this would mean filing any taxes. ( Full Answer )
Contact your local property tax department and request a copy of the form that you will need to use to file for the property tax refund or you could try and see if this could be done online at the local property tax online website.
When your tax year ends on the last of the year December 31 your 1040 federal income tax return due date any amount that is owed is generally Due April 15 of each year after the end of your tax year. 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. Go to the IRS gov web site and use the search box for TOPIC 301 WHEN TO FILE ( Full Answer )
You may get it, but you will have to turn it over to the trustee. It may shorten your plan payment time period.
If you got a tax refund and received another w2 after you filed,you will have to file an amendment to your tax return for the yearthat the W-2 Form was for in order to correct your return. You mayget an additional refund when you file your amendment or you mayowe additional tax from the amendment.
You have 3 years from the tax deadline to file an amendment for that year. For example, the tax deadline to file your 2009 taxes is April 15, 2010. You have until April 15, 2013 to file an amendment for that year.
If you are due a refund it is not necessary to file for an extension to file your income tax return. An extension of time to file your income tax return is NOT an extension of time to pay any amount of income tax that would be due April 15 2010.
As an individual taxpayer filing a 1040 federal income tax return and you do NOT have any income tax liability and OWE any income taxes on your correctly completed income tax return the final date to file would be October 15 2010.
This will depend on when you decide to complete your income tax return correctly and how you will file after that by mail to the correct IRS possible 3 to 4 weeks. Filed ON-LINE with direct deposit and receiving your acknowledgment from the IRS that they have accepted your return as you filed it pos…sibly about 10 days to 2 weeks from the date of the acknowledgment. It can be filed on-line before October 15 2010. Go to the IRS gov web site and go to the bottom of the page under Special Interest and choose Anyone Can Free File Use Free File to electronically prepare and file your tax return this year. Or click the Free File logo on right side of the page under filing and payments or go to the IRS gov web site You must access Free File companies through the official IRS Web site to qualify for the free service. ( Full Answer )
Not when you are due a refund you can file the 2009 tax year income tax return at any time within the next 3 years to claim any refund amount that you are due. After April 15, 2013 any refund that you may have been due will be lost and no longer available to you.
As a calendar year individual taxpayer filing a 1040 federal income tax return and you do NOT have any income tax liability or OWE any income taxes on your correctly completed income tax return the final date to file electronically online would be October 15 2010. If you fail to file the 2009 income… tax return to claim the refund amount before April 15 2013 the refund amount will be lost and no longer available to you. ( Full Answer )
What do you do if you get a tax for 1099 that you did not expect after the deadline for filing taxes?
To correct an error on the original filed income tax return you will have to use the 1040X Amended Individual Income tax return available by going to the IRS gov web site and using the search box for 1040X File a separate Form 1040X for each year you are amending. Mail each form in a separate enve…lope. Be sure to indicate the year of the return you are amending on the front of Form 1040X. The 1040X form now has just one column where the Correct Amount is the only figure entered, making it easier to make changes to previously filed returns. There is an area on the front of the form to explain why you are filing Form 1040X. Generally, to claim a refund, Form 1040X must be filed within 3 years from the date of your original return or within 2 years from the date you paid the tax, whichever is later. Returns filed before the due date (without regard to extensions) are considered filed on the due date. Attach copies of any forms or schedules that are being changed as a result of the amendment including any Forms W-2 received after the original return was filed. The correctly filled out 1040X amended individual income tax return will have to be mailed to the correct IRS address and you can find the address in the instructions for the 1040 tax form. Normal processing time for Forms 1040X is 8 to 12 weeks from the IRS receipt date. Please Note: Your state tax liability may be affected by a change made on your federal return. For information on how to correct your state tax return, contact your state tax agency. ( Full Answer )
To correct an error on the original filed income tax return you will have to use the 1040X Amended Individual Income tax return available by going to the IRS gov web site and using the search box for 1040X File a separate Form 1040X for each year you are amending. Mail each form in a separate enve…lope. Be sure to indicate the year of the return you are amending on the front of Form 1040X. The 1040X form now has just one column where the Correct Amount is the only figure entered, making it easier to make changes to previously filed returns. There is an area on the front of the form to explain why you are filing Form 1040X. Generally, to claim a refund, Form 1040X must be filed within 3 years from the date of your original return or within 2 years from the date you paid the tax, whichever is later. Returns filed before the due date (without regard to extensions) are considered filed on the due date. Attach copies of any forms or schedules that are being changed as a result of the amendment including any Forms W-2 received after the original return was filed. The correctly filled out 1040X amended individual income tax return will have to be mailed to the correct IRS address and you can find the address in the instructions for the 1040 tax form. Normal processing time for Forms 1040X is 8 to 12 weeks from the IRS receipt date. Please Note: Your state tax liability may be affected by a change made on your federal return. For information on how to correct your state tax return, contact your state tax agency. Click on the below related links ( Full Answer )
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 onli…ne 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 ( Full Answer )
No not always sometime you can up owing some income tax or even no refund and not owe any amount.
The Department of Treasury's Financial Management Service (FMS), which issues IRS tax refunds, has been authorized by Congress to conduct the Treasury Offset Program. Through this program, your refund or overpayment may be reduced by FMS and offset to pay any past--due child support, Federal agency …non--tax debts, or state income tax obligations. ( Full Answer )
By doing all the calculations required, but not actually filing the forms. You really can't estimate your refund without doing the calculations in at least an approximate form.
It is not possible to get refund unless we file the income tax returns. When we file returns it will check with OLTAS and generate refund if paid excess
January 31. The government has held on to your money for long enough without paying any interest.
The deadline for filing State tax in Michigan is the same date as the deadline for filing Federal tax.
Assuming there are no errors in the federal tax refund. One can expect a refund within eight to ten weeks. This time can be shorten if one decides to file electronically.
The deadline this year was to be April 15. However, the IRS extended this deadline to the 18th this year. It is possible to get an extension that could allow you to file as late as October.
If you don't file your taxes and are due a refund, the U.S. Treasury simply keeps your "donation." However, if you owe additional tax, file your return right away. The penalties for not filing are much higher than the penalties for not paying, and the longer you wait, the worse it gets. Please se…e the related link for information on the penalties for not meeting the deadline. ( Full Answer )
You cannot get a refund if you don't file. But even if you are years late, you can still file and apply for your refund. It does not expire.
Yes you can. Get form-16 from the company and file your imcome tax return at the end of the FY. If total tax calculated at the end is less than the tax deducted than you'll get refund else you have to pay extra with return.
Whether you are entitled to your tax refund will depend on what type of Chapter of bankruptcy you are filing and whether the bankruptcy exemptions can be used to protect the tax refund. If you are filing for Chapter 7 bankruptcy then you can generally keep the refund if the available state bankruptc…y exemptions provide protection for it. If you are in a Chapter 13 bankruptcy you are typically required to turn over the tax refunds during the life of the Chapter 13 case. ( Full Answer )
Yes, you will need your tax information, or your parent's taxinformation, to fill out the FAFSA.
The tax refund goes into the bankruptcy estate. If your chapter 7 filing did not exempt the refund, the money will be used to pay the trustee and to pay your debts pro rata. That is, each creditor gets an amount equal to the percentage the debt is to the total indebtedness. You are not likely to get… anything back, but if all the debts are paid off 100 per cent and the trustee is not entitled to any more money, the balance will be paid to you. The trustee should have decided what s/he is going to do. If you have a lawyer, s/he should discuss it with the trustee. You can also talk to the trustee or your case manager. I doubt you will get any of the refund, but make sure to stay on top of the issue and get notices of any trustee motions regarding these funds. ( Full Answer )
If you work in USA for a while but then go to Europe for few months past tax filing deadline can you just file online from there?
It depends on how late you are with the tax return. You cannot file returns for past years online and they must be filed by mail. I would recommend that you file the return as soon as possible in order to stop any penalties and interest from accruing further.
Generally, it is always mandatory to file your taxes on 4/15 if you are getting a refund or not. However, one can request an extension if they are not going to be able to complete their taxes on time.
If you were entitled to a refund on April 15th, and the penalty forlate filing is not more than your refund, and you file within threeyears of the original due date of the return (including anyapplicable extensions of time to file), then, yes, you will get arefund.
When you file for the federal tax refund do you file the state tax refund separately or on the same form 1040 with schedule a?
When you file for the federal tax refund, you will file the statetax refund on the same 1040 form with schedule A.You can also filefor that separately.
You need to file by April 15th if you are due refund. However, youcan ask for an extension.
You are still required to file your return even if you missed the last deadline. I suggest that you file the return as soon as possible. If you owe additional taxes, you will be penalized and will pay interest on what you owe for not filing in a timely manner but it will only get worse. The penaltie…s and interest are not too bad with interest rates as low as they are now. Even if you can't pay all that is due you still can stop some of the penalties by filing now. If you do not owe additional taxes you will not even have a penalty after October 15th. If you don't file the return the IRS will have no choice but to use the information they have on file to file the return for you. This means it will be filed as Single with dependents and no deductions. If you file it will probably be better than what they file in your place. ( Full Answer )