A tax return is a document that is used to calculate your income and the amount of tax you have to pay. It must be filled out properly and correctly in order to receive the proper amount of money. If you have an employer, it is important that you file a tax return. Here are some helpful tips to help you file your tax returns. You can also find more information about tax returns on the IRS website. We hope these tips were helpful in making your taxes easier to complete.
Helpful In Making Your Taxes Easier To Complete
The IRS sends out tax forms in late January, usually by your financial institution. These include W-2s and 1099s. You have until April 15 to file your tax returns. If you owe the IRS money, send your payment with your return. You will receive your refund a few weeks later. However, if you have filed a late return, you will have to complete a second tax return. After completing the second tax return, you’ll receive a check in the mail.
While you’re preparing your tax return, check the IRS website to find out what other deadlines are in effect. Some states, like Illinois, have extended their tax return deadlines to accommodate people affected by natural disasters. For instance, the federal income tax due date has been extended to May 16 for residents of Illinois and Tennessee after the FEMA declared those states to be tornado disaster zones. However, states may also choose to extend the deadlines for certain types of returns.