whens the earliest you can file for next years taxes?

Answer 1

As soon as you know what you will earn.

Answer 2

When you know you have all the CORRECT information you will need to prepare a complete and accurate return.

W-2s and 1099s must be sent out by 1/31st. But corrections can be made after that date and usually are if you are invested in some investment funds.

Do not rush to be the first to file. The first are always the ginny pigs for the new software each year. I do not recommend that you file until at least Feb 1st. that way the software has been test and the bugs worked out.

Your refund/balance due should be as close to ZERO AS possible You do not want to have to owe the US Government money and you do not want to have owe you money.

A taxpayer once said to me they get big refunds and use it to pay off their charge cards each year. I thanked him for giving a interest free loan to the US Government.

If he got a $5,000 refund and instead of getting that back in April he got $100 each week and paid down his credit card he would have saved about $460 (18% interest rate). So that refund cost him $$$.

Or if he did not have credit card balances he could take that $100 and invest each week, by direct deposit, and earn $150 at 6%, ending up with $5,150 in April.

Answer 3

once you're taking an early withdraw on a 401k, the corporation that manages the fund withholds 20% for federal earnings taxes. That grew to become into the place the $4 hundred went. whilst she data her 2009 tax return, she'll would desire to checklist the quantity of the distribution (withdraw) as earnings. this could improve the entire taxes she owes, merely like each and every improve in earnings could do. She'll additionally owe a 10% penalty which would be extra to the quantity she owes that year. The $4 hundred counts as a tax fee. whilst all is declared and finished on the tax return, she'll get a reimbursement if she overpaid, or she'll owe greater if she underpaid. devoid of understanding different products of information, its impossible to inform the way it is going to prove.

Answer 4

Once you get your W-2 for 2006. Most tax places start filing taxes in late January until April. Good Luck!

Answer 5

As soon as you're certain that you've received all of your tax documentation: W-2, 1099, 1098 and anything else you might be involved with. I usually don't file a return for my clients until mid-February, just to be reasonably sure that I'm filing a complete return.

Answer 6

The IRS will not accept returns until at least January 1st 2007. If you are an employee, you will need to wait for your W-2 forms to file accurately anyway. Often electronic filing is not up and functioning in the first week either.

If you need professional assistance, please feel free to contact me via: www.slarson.com/contact or [e-mail]

Regards,
Steve Larson

Answer 7

I normally file New Year's day, using a check stub that lists a final year to date amount earnings and with holding amount in lieu of waiting for a W2 which is usually incorrect anyway due to the end of year and end of pay period conflict. I usually have my refund by end of February.

Answer 8

You can file as soon as all the forms and/or software you need are finalized, and you have all the information. For most people, it's toward the end of January or early February before they have all the info.

Answer 9

Your last pay stub has all the information your W-2 has. I can get all my 1099 info on-line during the first week of January. If you e-file, you only need the information, not the paperwork.

Answer 10

as soon as you get all of your w-2 and 1099's. If you do not receive any then as soon after January 1 as you can fill out all the forms and send them in.

Answer 11

It's usually the first week in January.