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You mean you do file a return Form 1040 but don't include the info on a W-2 in it?
Well, the IRS has the other side of the W-2 and already knows about it. (A W-2 or 1099 only tells you what others have reported!). The computers do a pretty good job of matching these things, and the ommission will likely be picked up sooner or later.
But more importantly, if you were paid on a W-2, the income on it was reported, and all the tax withheld, income tax, FICA contributions, etc, were reported and recorded already..and credited to your account. Because of the way it is calculated, the amount that was withheld from the pay and turned over by the employer is (almost always) more than actually needed, and that is why when you file the return (Form 1040), and calculate what the tax really should be, most people get a refund....the overpayment back. (The fact that the IRS can see that the income was made and likely overpaid on by withholding, may be a reason they aren't all that concerned about speaking to you about it). These are very basic concepts...and I don't want to sound mean...but my regular experience with people who haven't complied with them...generally because they don't understand or thought they were getting away with something is....they actually had a benefit...a refund or other tax credit available to them they were missing out on! Sometimes, substantial. Hopefully everyone is smart enough to appreciate that, people who really don't understand even the most basic parts of the system, wouldn't even dare trying to think they could outsmart it - especially by doing things that make it easier for them and are available to anyone type actions.
What else can I help you with?
Can I file this year's tax return without filing for previous years?
Yes. If you're required to file a return, you should go ahead and file for the current year so that it's on time. If you haven't filed for previous years because your income was below the required level for your filing status, you might still want to file to receive a refund of any income tax that was withheld. If you should have filed in previous years but didn't, then you should file as soon as possible to reduce late fees and penalties which most likely will be assessed.
Can you receive your tax refund if you didn't file the previous year?
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
Do you file an income tax return if you have made no money this year?
No, if you made nothing in the year. If you are self-employed and have filed in previous years, then you also need to file for the prior taxable year. There is big difference between money earned and what is considered a profit in self-employment.
Can you Deduct tax payments from the previous year?
Yes, unless it's been past three years. They have five years to eat you alive though. For the previous year -as below...from the previous year (as in made then) - even if applicable, no, only in the year they are paid. File an amended. State Tax payments are deductible from Federal, when paid. Federal Tax Payments aren't deductible from State, or from Federal for that matter, regardless of when they are paid.
What does roll closed mean regarding property taxes?
Roll closed in regarding to property taxes refers to the previous year. It usually happens when the government closes out the previous years fiscal cycle and goes into a new one.
How do you file a W2 for a previous year?
just to put a not to say that,
Do you have to file Form 1095-A for your taxes?
Yes, if you had a Marketplace plan in the previous year, you will need to file Form 1095-A when you file your taxes.
How much file sharing happens last year?
100
How do you file state and federal taxes if you did not file last year?
ummm you file them that's how. now if you are talkin filling for the year that you didnt file then yea you can file them but it will cost you. That happen to me for my state so i told H & R block forget that... i let them keep that money. lol
Can I file this year's tax return without filing for previous years?
Yes. If you're required to file a return, you should go ahead and file for the current year so that it's on time. If you haven't filed for previous years because your income was below the required level for your filing status, you might still want to file to receive a refund of any income tax that was withheld. If you should have filed in previous years but didn't, then you should file as soon as possible to reduce late fees and penalties which most likely will be assessed.
When would you need to file form1099-g on your taxes?
You would need to file a 1099-g form, only if you have received a refund from the department in the previous year.
Can you receive your tax refund if you didn't file the previous year?
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
Can I file FBAR for previous years?
Yes, you can file FBAR for previous years if you have foreign financial accounts that meet the reporting requirements set by the IRS. It is important to ensure compliance with the regulations and deadlines for filing FBAR for each relevant year.
Do you file an income tax return if you have made no money this year?
No, if you made nothing in the year. If you are self-employed and have filed in previous years, then you also need to file for the prior taxable year. There is big difference between money earned and what is considered a profit in self-employment.
Has a company made 2012 free tax software yet?
No, there is no 2012 tax software yet. This year you need to file your 2011 taxes. It is always for the previous year, you are filing.
What is the meaning of previous year's revenue?
previous year revenue
Can you file as a single if you were married the previous year?
That all depends on whether you are married for the reporting year or not. If you are still married on 12-31 of that year you must either file jointly or seperately. But if you were divorced (not married) then you can file as single. If you support others in your home you may be able to file as head of household.
