important tax info?

Question

SO IM USING TAXACT TO DO MY TAXES ONLINE WHAT I NEED TO KNOW IS THAT IF I HAD TWO JOBS AND I ONLY GOT ONE W2 FORM CAN I DO THE OTHRE LATER OR WILL IT BE VOID

Answer 1

No, you have to wait until you have all of your information, and file it all together. Otherwise you'll end up causing yourself more trouble and paperwork in the long run.

If you file with just one, you will have to file an amended return later which will cause you some hassle. Also, since your original return won't match IRS records, your refund might or might not be held up.

Answer 2

If you file now with 1 W-2, you will get the wrong answer. You would have to file a corrected tax return when you get the second W-2, and it would have to go by mail. Allow 8 weeks to process mailed in returns. You could owe more or get a bigger refund.

Why not wait and avoid the hassles?

"Patience, young Skywalker, patience"

Answer 3

in the event that they have claimed him as a dependant the money will bypass to them. you need to bypass to the IRS web site and look at up on the criminal definition of a dependant. I *think of* that they could have had to have been responsible for a minimum of 60 p.c. of his expenses to legally declare him. in case you reside with them watching the quantity of hire you pay, they might easily be qualifying for that 60 p.c. looking on what *their* residing expenses are. If that's a controversy you're prepared to combat over, get an modification style on your '07 taxes and refile them with him as a dependant. The IRS will then touch you and in the event that they don't seem to be legally qualified to declare him, and that they'll owe the money returned plus pastime and outcomes. think of heavily nevertheless- this might destroy your dating *perpetually*. in addition they have been given the 300 greenback stimulus cost for this 12 months in the event that they claimed him. under no circumstances EVER enable somebody else declare your dependant as their very own. you need to ask this Q contained in usa tax communicate board on right here to get greater desirable solutions! stable luck :) EDIT- i had to assert to boot that there are 2 subject concerns right here. one million. they could are starting to be the 300 greenback rebate for him. If the 1500 money you're speaking approximately is rebate money, 1200 is theirs and 3 hundred is his. 2. they could have claimed him on their taxes and gotten a infant tax credit. there is not any set volume that they could are starting to be for this on their return, it relies upon on what their taxable earnings became. So in essence, the quantity variations with different earning. If the money you're speaking approximately is a real tax return and not the rebate money, you mustn't assume that the full volume is via your son being claimed as a dependant. you mustn't assume you're able to get 1500 in case you amended your taxes. interior the tip, without seeing and recalculating their '07 taxes, there is not any way you may properly comprehend ways lots of that money became because of the fact of your son being their dependant. you don't get loose money returned from the government on your return, you get a share of what you payed in looking on your deductions. So in case you made in user-friendly terms 6000 final 12 months, you're unlikely to get 1500 whether you amend your return. HTH!

Answer 4

Wait for the other one or its not valid. Employers have up to Feb.15 to get it to your mail box.