2006-11-30 11:31:39 · 8 answers · asked by Tom W 1 in Business & Finance ➔ Taxes ➔ United States
April 15
US taxes must be mailed by April 15. You can get a free extenstion if you need it.
2006-11-30 11:36:21 · answer #1 · answered by csanda 6 · 0⤊ 0⤋
Income taxes are due as you earn the money, either by withholdings on your wages or by quarterly estimated tax payments on income paid to you as an independent contractor or earnings from investments. Every year by April 15 you are supposed to file a tax return in which you reconcile the amount of taxes you paid in the previous year with the actual tax due on the amount of income you earned. You the either pay the balance due or you get a refund of the overpayment. If you did not make sufficient withholdings or quarterly tax payments and you owe a large amount to the goverment, you may be subject to penalties. If you cannot pay the full amount due on April 15, you will have to negotiate a payment plan with the IRS and you will be subject to interest and possible penalties. The goal is to pay at least 90% of the taxes you will owe over the course of the year, so that you will only have a small amount to pay with your tax filing. Some people overpay their taxes during the year and then are thrilled to get a large refund, but this is only the return of money that you loaned to the government interest free.
Hope that helps. There is lots of information about taxes at the IRS website.
2006-11-30 19:50:02 · answer #2 · answered by just♪wondering 7 · 0⤊ 0⤋
For those who mentioned an extension of income taxes. That applies to filling a return, the tax is sill due at the regular time. Technically, taxes are due as the money is earned, not when the return is filed. If you do not have enough withholding and do not make quarterly estimated payments, you can be charged late payment penalties even if your full tax liability is paid by April 15.
Other types of taxes are due at different time. Property tax is usually bill twice a year and due in January and July. Sales tax is due at the time of sale.
2006-11-30 22:22:18 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
When you receive a paycheck with the federal tax withheld during the year - then April 15th is when you have to pay any additional that you may owe.
If you are self employed then you must make estimated payments quarterly - Those due dates are earlier - Sept 15th for the 3rd quarter and Jan 16th for the year end. You will be penalized if you do not make these deposits.
If you have a combination of paycheck and, say rental income, you will have to make estimated deposits during the year. You can get around this by having more tax withheld from your paycheck - so you end the year having paid 100% of what you owed the prior year.
2006-11-30 19:47:13 · answer #4 · answered by justwondering 6 · 0⤊ 0⤋
April 15
2006-11-30 19:38:28 · answer #5 · answered by Christopher Parker 2 · 0⤊ 0⤋
federal and state *if yours have one* taxes are due / post marked April 15. Unless it falls on a Sunday then it's due Monday APril 16.
2006-12-01 04:10:29 · answer #6 · answered by JNC 2 · 0⤊ 0⤋
April 16 this year since the 15th was a Sunday. April 15th usually. You can file an extension, but are still supposed to pay the estimate of what you owe.
2006-11-30 19:39:05 · answer #7 · answered by New Millennium Minds 3 · 0⤊ 0⤋
what kind of tax? income tax april 15.
2006-11-30 19:36:25 · answer #8 · answered by mich 1 · 0⤊ 0⤋