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Income tax
Published: Apr 6, 2012
Views 1734
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If for any reason you don’t have enough time to file a tax return before the deadline, normally April 15 of each year, then at least file for an extension to file your income tax return - Form 4868. It’s a small form and it’s easy to fill out. When filed on time, it automatically extends the deadline by 6 months, until October 15th. If you are U.S. citizen or resident, and at the time of
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Published: Jul 11, 2011
Views 2163
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After end of the tax year there are several types of documents that arrive in mail that taxpayers are required to claim on their income tax returns. Those documents include forms that report the income, which for most part is taxable. Other documents report expenses that can be claimed as deductions, which in essence reduce taxable income. And then there are lots of other documents that taxpayers
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Published: May 30, 2011
Views 3196
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All Individuals that worked in United States, including those that worked seasonably, such as students with J1 visas, should file income tax returns unless their gross yearly income is less than the minimum amount of income that IRS requires individuals to file a return. This minimum amount changes yearly and it's posted in IRS publications. If the source of income is wages and the amount is less
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Published: May 4, 2011
Views 2162
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Filing an income tax return after moving from the U.S. and temporarily living in another country, or returning to country of residency, presents some challenges and may cause the overall processing time to be longer than usual. Generally there are two ways to file the income tax return. The old way is using paper forms, and more modern is a paperless return using electronic filing, also known as
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Published: Mar 22, 2011
Views 4023
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There are several different methods to estimate income tax refund. Some more accurate that others but in general they give an idea what to expect to receive for a refund. There is variety of tools on the Internet that allow to estimate taxes, but that is what it is, an estimate. It all depends on the details that these tools include to provide an accurate refund estimate.Generally, the simpler is
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Published: Mar 18, 2011
Views 2019
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Some people have a perception that filing income tax is complex process or it must be done by a tax professional. For individuals with a single job, or even multiple jobs, but no other types of income and simple deductions, this is fairly simple process. Tax professionals can charge upwards of $100 dollars for such simple tax returns, not to mention more complex returns. Whereas you can do it
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Published: Mar 17, 2011
Views 2610
Comments 1
So you prepared your income tax return, then filed it electronically, or like some people still do, dropped the fat envelope in the mailbox. Now you’re waiting for the refund check to come in. Or if you opted for direct deposit, you’re checking your account for that special, once a year deposit from Uncle Sam. Another day passes and it’s not there. So you start questioning whether IRS
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