Asked by Andy Blackwell Uncategorized
How do you know if the IRS has filed a return for you?
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Asked in Income Taxes
What IRS transcript show?
An IRS transcript is a transactional report of your tax return for a particular year. You can request a transcript is you don't have a copy of your tax return so that you will know what you filed. These can also be ordered online by tax preparers if they have the ability to do so by being set up with the IRS for such transactions.
Asked in Microsoft Windows, Income Taxes
If you filed tomorrow would you get a checK after you file that day?
No that would not be the way that it would work when you file your income tax return and it is completed correctly and accepted by the IRS as you filed it. After the IRS accepts your income tax return as you filed the refund check will be issued to you by the IRS and the return period will depend on the way that you filed your income tax return and the way that you requested you refund amount to be be sent to you. So depending on the above it could take from about 110 days to six weeks for you to get your refund amount if it is by mail.
Asked in Tax Audits
How long do you keep IRS records?
Tax records such as receipts, canceled checks, and other documents that prove to the IRS an item of income or a tax deduction appearing on your tax return need to be kept until the statute of limitations expires for that tax return. Usuallyit is three years from the date the tax return was due or tax return was filed with the IRS, or two years from the date the tax was paid to the IRS, whichever is later. This is the time period in which the IRS can question your tax return; typically three years after it is filed. However,there is no statute of limitations when a tax return is false or fraudulent or when no tax return is filed with the IRS. You also need to keep some tax records indefinitely, such as tax records relating to property, since you may need those tax records to prove to the IRS the amount of gain or loss if the property is sold.
Asked in Taxes and Tax Preparation, Income Taxes
How will you know if you owe taxes?
The best and most direct way is to contact the IRS directly. There are many reasons why you would not know if you owe, specially if you have not filed a return in some time. The IRS could have produced a Substitute for Return (SFR) on your behalf, thereby assessing a liability upon which interest and penalties (failure to file and failure to pay) start to accrue. If you have moved since the last time that you filed a tax return the IRS may be sending collection notices to your old address. When it comes to the IRS the more pro-active you are the better off you are. The number to contact them is 800-829-1040.
Asked in 401k and 403b Plans
Can IRS garnish my 401k if my husband owes the IRS money?
Asked in Law & Legal Issues
Need to refile income tax even if there is no change in tax liability?
Will you get a refund if you have unfiled taxes?
It depends on whether the IRS is actively seeking for your unfiled returns to be filed. If the IRS does not have a reason to believe that you were required to file a return, then you will probably get your refund without any problems. However, if the IRS shows that you are missing some past year tax returns, and they have enough income reported to you that leads them to believe that you should have filed a return, they may hold your refund until you can get it filed. The IRS is also authorized to prepare a return for you if you fail to do so yourself. This is known as a 6020(b) return, or a "Substitute for Return". The IRS may have already done one of these based upon the income that was reported to you, and typically their estimates of what you would have owed are much higher than it would have been if you had filed the return yourself. If the IRS has done this, then they may already think that you owe them money on that Substitute for Return -- if that has happened, they will keep your refund and apply it towards your debt. If the IRS has done a Substitute for Return, you can still file your own return and provide the correct numbers by going through a "SFR Reconsideration" process. The IRS can take 4-6 months to process the actual return, though, so this could again delay your refund until they sort it all out.
Can a federal income tax return transcript can be use for immigration purposes?
Can the IRS prove you are common law married because you filed a joint return?
What if you get a w2 after you already filed your taxes?
When you files taxes how long do you have to keep receipts and other proof for the IRS?
What do I do if my local tax place says I didn't file taxes for 1993 and they want a copy of my tax forms that I no longer have but I know that I filed?
The IRS keeps tax information for at least ten years. Call the IRS at 1-800-829-1040 to see about getting a copy or a transcript of your return. The IRS charges a fee of $57.00 for an exact copy of your return. There's no charge for a transcript (a computer printout of the information on your return). For more information, go to www.irs.gov/taxtopics for Topic 156 (Copy of Your Tax Return: How to Get One).
What do you get back from tax man once you send in your forms?
Tax man IRS, US Treasury Department. 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 you income tax return as you filed it the amount on the copy of your income tax return that says AMOUNT THAT YOU WANT REFUNDED TO YOU. 1040 page 2 line 73a 1040A page 2 line 46a 1040EZ page 1 line 12a THIS IS YOUR REFUND 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.
Asked in Tax Refunds
How do you find out if you owe the IRS?
How do you get a copy of your 2008 tax return filed by H and R Block?
Asked in Taxes and Tax Preparation
What is the last date to mail the IRS 940 form?
February 10, 2009. If the IRS receives your return after the due date, they will treat your return as filed on time if the envelope containing your return is properly addressed, contains sufficient postage, and is postmarked by the U.S. Postal Service on or before the due date or sent by an IRS-designated private delivery service on or before the due date.
How many United States citizens must file an income tax return?
According to IRS article, 'E-File and Other Electronic Options for 2009', the IRS projected in January 2009 that about 140 million individual income tax returns will be filed this year. Of that total, the IRS is expecting e-file returns to exceed 90 million, which was the record for e-filed individual returns in 2008. For more information on IRS statistics, go to the IRS Newsroom at www.irs.gov/newsroom. Select Facts and Figures from the left column. In the Facts and Figures screen, select IRS Data Books. Table 2 is Number of Returns Filed by Type of Return in 2008 and 2007.
Can a past year tax return be e-filed?
NO. Only the "current year" tax returns can be filed electronically. The deadline for filing the 2010 return was October 15th. For the next tax year (2011) the IRS will start accepting electronically filed returns on January 17th of 2012. Click the link below to visit the IRS website that lists the Prior Year Forms and Publications. You will need to enter your form number (probably 1040) into the box and then click the search button.