What the earliest an accountant can do my taxes for the year 2006?

Question

Can I file my taxes on first week of January or do I have to wait?

Thanks,

Slim

Answer 1

Your accountant needs to wait until you receive all of your W-2 forms. If you received any interest from checking and or savings accounts, you also need to wait until you receive a 1099 from your bank. Do you have any stocks, bonds, etc.? You'll also need that paperwork.

Once you have all of the necessary paperwork, your accountant can do your taxes. Any further questions, contact your accountant.

Answer 2

The person preparing your taxes needs all your income documents. The 1099s and W2s should arrive by January 31.

There are plenty of tax documents that show up later, sometimes even after the deadline for filing, so January 31 is not always the earliest date that a tax return can be completed.

Answer 3

As long as you have your income tax forms from your job, you should be able to file your taxes now. Taxes are for the 2006 year, which is now over. In the U.S., it is a law that employers must send out their employees' W-2 forms by Jan. 31.

Answer 4

Aside from collecting all your w2 forms from your employer you may also need to wait until your bank mails you your 1099.This form reflects ANY interest you received from your savings and checking accounts; and other income producing investments. That income will be taxed at your HIGHEST income bracket 36%?. However, thanks to the tax changes in 2001, the income on QUALIFIED DIVIDENDS those like (INCOME FUNDS) is treated like a capital gain which is only taxed at 15%. Talk to your financial advisor for more information GL. [e-mail]

Answer 5

As soon as you receive your W-4 from all of your employers. They have until January 31th to get them in the mail.