What is the deadline date to file 2007 tax return in order to receive 2008 government refund of 600.00 beginning in May 2008?
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Answer . This Q has been pushed around a lot here...and this is what I've pieced together:. It depends...a bit on which circuit court your in and how they feel...and expecially how much is involved...(obviously large amounts are wanted for creditors...and it just seems unfair for you to not pay so…meone your debt, because you didn't have the money, because you had too much withheld or prepaid...when the amount withheld/prepaid is controllable and returned to you!). The other aspect is when you filed compared to when you made your money...If the overpaid tax is for a pre-petition filing period...most trustees want it...but if it really isn't then it's yours. So say it's a refund for the year and you filed BK in December.....well it was basically all withheld as part of the Jan-Dec period in your filing...and it part of the BK...but if you filed in say March...well not much of it is really from the covered BK period.. Sort of makes sense. (MORE)
If self employed last year and had no sales and no tax with held can you file for the 2008 tax refund?
Answer . Even if you are self-employed, you have to pay into the tax system and file a return for the business--if it is just you, and you haven't incorporated, the 1040 will do fine. From what I understand, the IRS will not look askance if you do not have a profit the first three years, but you …have to eventually make a minimum amount, or ithe IRS will consider it a hobby and disallow any losses on the business. There may also be a penalty if you owe tax and have not paid quarterly, so you may want to explore that. . Answer . You are saying that you have no earned income of any kind and no withholding for 2007. In that case, you cannot file for a tax refund, nor can you claim the economic stimulus tax rebate.. If you actually did have earned income and/or Social Security, Railroad Retirement or veterans' disability benefits last year totalling, in any combination, at least $3,000, you will qualify for a rebate, but you must file a tax return to get it, even if you are not otherwise required to file a return.. More information: http://www.irs.gov/newsroom/article/0,,id=179181,00.html. Answer . If you have absolutely no income, you may qualify for a refund from Earned Income Credit. See an example on how this credit applies: . http://www.examplepedia.org/example.php?ComId=172. If you have some income, you will have to pay self-employment tax. (MORE)
To receive the economic stimulus payment, you must have at least $3,000 of gross income for 2007.
If you have social security income are not required to file federal income tax returns do you have to file to receive the 2008 rebate?
Yes. There may be a way to get it by filing next year, but I wouldn't count on it. Efile your return this year to get the stimulus money by May. There are special stimulus returns, and I think there is free online filing. Some tax places are doing these returns for 30 or 40 bucks if you prefer.. CH…, 5 years in the tax bus. (MORE)
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 th…e 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 (MORE)
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 will be done over the next several weeks.
I filed for bankruptcy in 2007 it was final Feb 2008. Will the trustee take the stimulus check as they did my tax refunds?
Probably not..first off, if your finalized, it's pretty much a done deal. Your refund this year was for income and taxes you had withheld last year...which were prepetition. You could have had all your income withheld....and delayed on filing your return till a year from now...it wouldn't change… that the refund is an overpayment of withholding from earning from before you filed...that would have otherwise been able to be used to pay your debtors. This stimulus check...while what the heck it actually is may not be terribly clear....it's easier to say it is just an early refund of your 2008 filing...and hence POST petition. (MORE)
By December 31, 2008, the IRS had received 156,297,000 individual income tax returns. Of that amount, 89,886,000 were filed electronically. In comparison, by December 28, 2007, the IRS had received 140,188,000 individual income tax returns. Of that amount, 79,979,000 were filed electronically. . …For more information on IRS facts and figures, go to www.irs.gov/taxstats. (MORE)
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. (MORE)
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 year you owed no tax, say because you income was 12K, 2 years together = 24K and MUCH MORE TAX).. Generally, any benefits from a prior yea…r, 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. (MORE)
The stimulus check is not taxable if that's what you mean. Your 2009 return isn't due until 4/15/2010 by the way, 20008 is due 4/15/2009
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).
If you file bankruptcy Ch 7 in December 2008 in the state of Florida middle district will your income tax refund for 2008 be taken away?
Very likely...the refund is because you had more money than needed withheld from your paycheck and pu in (essentially) a savings account at the IRS to pay your eventual liability. This money, earned and saved pre-filing, had you not had it put aside (or had you correctly estimated and completed the …W-4 so the right amount was withheld), would have been available to pay the creditors. You know, you could literally have had 100% of your pay withheld....think it makes sense youc could get and keep it after filing BK? (MORE)
THIS QUESTION HAS BEEN ASKED AND ANSWERED MANY, MANY TIMES AND IS PART OF THE DATABASE. . CORRECTLY USING THE SYSTEM WOULD HAVE PROVIDED THE ANSWER WITHOUT ANY DELAY or inconvenience of others. There are also several discussions about what those claims of early filing/early refund really are and w…hat they mean. . There is no fixed date, but you cannot file until you have all your forms (paystub DOES NOT QUALIFY). And of course, filing before the IRS really has the departments staffed that handle the filings, won't mean anything happens with it. . So, that normally means you really can't even try to file until February 15th. Prior to that date you must make every reasonable effort to obtain a W-2 from your employer and any other needed forms. These are required to be mailed or otherwise delived to you no later than January 31st. Not receiving a W-2, or any form for that matter, does not excuse you from reporting that information on your return..but not having them will delay processing.. Also, you need any of the other forms (like 1099, from banks, etc), and if you do file with out them, there are additional forms you need to provide so the IRS can find out why whoever was to provide them didn't. Obviously this can delay the processing of your return....and if the amounts you showed don't exactly match what is filed (and employers frequently have some year end changes that will make your last stub in accurate), you would have to file an amended return to correct it...or expect nasty-grams and assessments from the IRS! Certainly no refund will be made until all that is cleared up...so trying to do things other than as the system wants, generally only delays things.. Finally, if your wanting to do so early because you have a large refund coming...especially if that is common for you...you should file a new Form W-9, to change the amount of withholding being done so your not always having too much taken out of your check through the year. (MORE)
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). (MORE)
Same as any year - after 2/15 and before 4/15 (+ a day if holiday). Extensions to file BUT NOT TO PAY are easily available.
quick answer. Yes. If you prepare your taxes online and are receiving a refund, calculate your refund with the stimulus amount you received and with out. You will notice a big difference. Do not send it in with false information or it will be rejected! Try it both ways and see for yourself.
Very likely...the money being refunded is from what you overpaid into, essentially, a savings account at the IRS with your name on it. Had you had the correct amount withheld, the extra in your check would have rightfully been available to pay your debts with then (before filing BK). It is a pre-pet…ition asset...like any bank account or such. You could have had much more withheld from your check easily, paid even fewer obligations....and then had a bigger refund...that doesn't mean you should get to keep it while others go unpaid.. In reality, many trustees ignore small amounts of refund. (MORE)
Returns are all over the place....that being the form you file with the IRS by 4/15.. Refunds, which one may receive after filing a return that is done with basic processing and review likely won't start for some time.. The IRS really only starts it's processing of returns in mid/late January, and… even then almost all have returns remain in the system to wait to finish the process and be accepted, until after the information from employers (and others) they match it to is received, sometime mid-February. (MORE)
The amount, no. Will some part of it likely be used to pay your debts (because if you didn't have too much withheld that is what I'm sure you would have done with it then), yes.
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, about 58 percent were filed electronically.. http://www.irs.gov/newsroom/article/0,,id=188359,00.html
No difference....just the calculation of late/interest due would be. Same form, same place, same otherwise.
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. (MORE)
Sure. Anyone can file a tax return if they want to. SSI benefits themselves are not taxable, but if you have other sources of income, they might be taxable. Whether or not you have any taxable income, you can file if you want to, but there may be little point in doing so.
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 s…ome 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. (MORE)
No. There are different forms for each year. You must fill out separate forms for 2007 and 2008. It is not a good idea to mail them in the same envelope. Remember, if you owe money, the penalty for not filing on time is TEN TIMES what the penalty would be if you filed on time but did not pay. …Always file on time. Even if you didn't file your 2007 return yet, you should still file your 2008 return on time. (MORE)
2007 federal tax forms can be found here: http://www.irs.gov/formspubs/article/0,,id=182756,00.html 2008 forms can be found here: http://www.irs.gov/app/picklist/list/formsInstructions.html State forms can be found on your state's web site or by calling the general inquiry number for your …state tax department. Fill out each year separately and send each year in a separate envelope. Federal mailing addresses can be found here: http://www.irs.gov/file/index.html some addresses have changed since 2007, use the most recent addresses shown on the web site. Just fill out the forms and mail them. If you have a good excuse for being late (in the hospital, in a disaster area, in a war zone, etc) attach a piece of paper with a BRIEF explanation. If not, just mail them in as if you were mailing on time. (MORE)
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 mailed 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 mor…e. Chill out. And if you don't get it tomorrow, it's because the post office doesn't deliver on Sunday. (MORE)
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. (MORE)
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, choose the option to print it out on paper and then mail it in.
You can file your taxes anytime after your extension, be sure to file before October 15th of that filing year. You may suffer penalties and interest higher than what you would have if you filed by that date. Also, remember to at least pay something with your extension to show the IRS that you have… intentions of paying your federal liability. It is best to pay as much as you can to pay down the debt. (MORE)
Would the taxes that you filed back in February of 2009 be your 2008 tax return or your 2009 tax return?
February is an uncommon time to ever file personal ncome taxes...corporations which frequently have a different accounting year than calendar, it occurs regularly.. Personal income tax returns are due by the 15th day of the 4 month (APRIL 15) following the year the income was earned. Obviously, t…he return cannot be completed until the accounting period (year) is over and the info for it received.. PAYMENT of taxes is due throughout the year the income is earned...normally by payroll withholding, or required quarterly estimated payments by the self employed. (MORE)
What policy says An individual may receive a tax rebate from the government after filing their federal income tax return?
Overpayments of tax are refundable by law.. The rebates, as part of economic stimulus done the last year or so, are also officially an advanced refund of a tax overpayment. Again the stimulus package is a law, voted on and passed by Congress, and signed by the President.. Not a policy.
They can/must be filed at anytime after the due date. . If you mean can you file hem along with, combinned with, your 2009 one (in 2010), NO. . Nor would you want to as it would cost your substantially more money. . Nor do you want to delay, as every day costs you additional interest and fees, as… well as exposing you to other liabilities. (MORE)
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. (MORE)
If you need an exact copy of a previous year's return with all attachments and W-2s, you need to fill out Form 4506 (Request for Copy of Tax Return) and submit it to the IRS. There's a fee of $57.00 for each year that you're requesting, and you need to include a check or money order with the for…m. It can take up to two months to process this request. But usually most lending agencies for student loans and mortgages accept the alternative: a computer printout of the information on your return called a 'transcript'. To request a transcript, complete Form 4506-T (Request for Transcript of Tax Return) and submit it to the IRS. There's no charge for a transcript, and they're generally available for the past three years. It can take up to 10 to 30 days to process this request. (MORE)
Not if the 600 is all of your worldwide gross income and you are probably a qualifying relative dependent on another taxpayers income tax return you would not need to file a income tax return.
No it is never too late file any of your past years income tax returns that have NOT been filed completely and correctly.
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.
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.
It could be possible that you would not be required to file a state income tax return if you made less than 600. Go to your state web site and find the filing requirements for your state.
Yes a tax return that was filed in the year 2008 would have been for the 2007 tax year income tax return.
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 (MORE)
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 amount is no longer available to the taxpayer. Taxpayer filed a income tax return and failed to claim some of the credits that we…re 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. (MORE)
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 (MORE)
Individual taxpayer filing the 1040 income tax return the nonrefundable credits in the 2008 were . Adoption Credit . Alternative Motor Vehicle Credit . Alternative Fuel Vehicle Refueling Property Credit . Credit to Holders of Tax Credit Bonds . Foreign Tax Credit . Mortgage Interest Cred…it . Nonrefundable Credit for Prior Year Minimum Tax . Residential Energy Credits . Retirement Savings Contributions Credit (Saver's Credit) Click on the below Related Link go to page 254 Nonrefundable Credits (MORE)
No not always sometime you can up owing some income tax or even no refund and not owe any amount.
When can i get my IT refunds for the year 2008-2009 For me there is no IT for the mentioned year but my company deducted 4k after the tax filing they found that no tax for me?
IT refunds. Income tax refunds for the tax year 2008 and 2009. You will have to take your copies of the correctly completed 1040 federal income tax return and contact the IRS about this matter of your missing incoming tax refunds if they were sent to the correct IRS address when they were filed. You… can find local contact information for the office in your area by going to the IRS gov web site and at the top of the page above the search box choose CONTACT IRS. 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. 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 online you will need your Social Security number, filing status and the exact whole dollar amount of your refund shown on your return. (MORE)
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. (MORE)
Do you like having money? The earlier you file, the earlier you get your refund cash.