When should I expect my W2 tax form?
Your W-2 tax form will be mailed to you by the end of January. If you have not received your W-2 form from your employer by February 1, you should contact your employer. Note that W2s are sometimes returned to employers due to an incorrect or incomplete mailing address. After contacting your employer, allow a reasonable amount of time for the employer to reissue you a replacement W2. If you still haven’t received your W-2 from your employer by February 15, you should give the IRS a call for help: 800-829-1040. When you call, make sure you have all your personal and work...
read moreWhen Can I Start My Efile?
It’s a new year and the start of the ever dreaded tax season. But, if you’re expecting a tax refund this year, you may be eager to get started with your taxes. Some efile tax solutions, such as TurboTax and H&R Block, allow you to efile taxes as early as January 1st — however, generally the IRS begins to accepts independent efiling by January 11th. Before starting your efile, you need to be sure you have all your tax forms in hand — that is all W2 forms or 1099 forms from all employers you’ve had in the past year. Employers are required to send you...
read moreWhat is the Earliest Date I Can File My Taxes for 2011?
Eager to get those tax forms filled out? Ready to get your tax refund now? With new online tools, you may be able to get started early on your tax returns and get your tax refund sooner than you think. Traditionally, in order to file taxes, you must have all your tax forms from your employer in hand — that is any W2s or 1099s from all jobs you worked in the past year. Generally, you can start filing your taxes as early as January 1. It’s unlikely that you will have received these forms by January 1, as they are not required to be mailed out to employees until the end of...
read moreReasons You Could Be Audited…and How to Avoid Them
The concept of being audited by the IRS scares most people, including me. Even though I follow the rules and pay my taxes on time, there is always that worry that the IRS will come a knocking. The word has gotten itself a frightful connotation, but the audit is really just justifying your deductions to an investigator from the IRS. That still doesn’t mean I want that headache and I assume neither do you. Here are some things to avoid that just scream “AUDIT ME.” You Are Already Being Watched If you receive the bulk of your income in cash (e.g. servers, dancers, etc) the...
read moreIncome Tax Checklist
There are so many things to remember to get together before you do your taxes. Here is a short checklist so you have the essentials. There are more things you may need than this if you have a great deal of investments or give a lot to charities…but these basics should cover most of us. W2′s obviously, make sure you have one from every job you have worked in the past year 1098 forms these document mortgage interest Receipts for Donations charities and what not, you must have documentation Property Tax Documentation Trade Information basic investments Again…this...
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