2007-12-18 02:24:09 · 13 answers · asked by Dark & Lovely 1 in Business & Finance ➔ Taxes ➔ United States
You cannot file in December. You never could. Those people you know got a 'Pre-File Loan'. Up until this year, many tax preperation places were selling Pre-file loans by saying, "Get your tax money now!" This is a bit misleading because you are not getting your refund, you are getting a loan. A high-interest, short-term loan.
Based on your paystubs, they estimated what you are getting back and give you a loan check based on that amount. This is not the same as filing your taxes. This is an expensive loan that, in my opinion, should be avoided. This loan can cost several hundred dollars depending on how much you are getting back.
HSBC used to offer this loan through tax preparers. This year they have stopped doing this. To the best of my knowledge, no other bank is either, so I don't think this is an option for anybody anymore.
2007-12-18 03:28:49 · answer #1 · answered by j-man 4 · 1⤊ 0⤋
You can file as soon as you have all the required tax information. This includes, 1099, W2, etc. If you know what the numbers will be, you can file in Jan, but when you get these documents - if your numbers were not right, you will have to file an amended return. So, I think its best to get all the info, then file (bank interest, mortgage interest, income, etc)
2007-12-18 02:29:25 · answer #2 · answered by bobby d 6 · 1⤊ 0⤋
A person or citizen of US can file the taxes anytime during the year. By using you last payroll check stub.. Every information YTD on the Stub, which in return can be used by the Tax Consultant. Also, it may depend on the state in which a citizen resides.
2007-12-21 07:50:51 · answer #3 · answered by lyvnfree 2 · 0⤊ 0⤋
Right now, the preliminary date from the IRS as to when they can start processing returns is 1-14-08.
However, that could be delayed due to Congress. If an AMT patch is passed, the IRS may be delayed as it would need to reprogram its computers.
The IRS oversight committee feels it would take at least 7 weeks to reprogram. If the AMT legislation was passed today, that would back return-processing to early February.
2007-12-18 02:31:00 · answer #4 · answered by taxreff 7 · 2⤊ 0⤋
You cannot begin until you have you W2s. Employers are supposed to have mailed them by Jan 31st. Are you sure those people were filing for the following year? They might have been filing an extension for a previous year.
2007-12-18 02:27:46 · answer #5 · answered by bleh 2 · 1⤊ 0⤋
j-man is correct on this one totally.
companies aren't required to mail out their w-2's and 1099's/1098's etc until the end of Jan...
The pre-file loans sometimes are good but are sometimes bad because HSBC checks your credit... also if you have outstanding tax debt or outstanding student loans, HSBC doesn't check for that, but when your return is file and you owe $$ to the irs, they may keep some or all of your return, then you now owe the IRS and HSBC bank + interest... i see it all the time.
2007-12-18 04:30:43 · answer #6 · answered by stephanie_hamett 2 · 1⤊ 0⤋
there is each and every income to submitting at an identical time. Married submitting one after the other is via far the worst thank you to flow. purely Google Married submitting one after the other, and you gets a glimpse of ways undesirable this is.you're able to proceed to be amicable adequate to report the taxes at an identical time and cut up the refund. on your 2008 taxes, you could cut up the non-public loan pastime in a million/2, and each thing else that has the two names on it. optimistically, in case you have any babies, he might declare one and you will possibly declare one, with a view to have the pinnacle of relatives submitting prestige for each of you. submitting unmarried is an unpleasant thank you to flow, too, with the aid of fact the tax costs are larger and there at the instant are not any dependency exemptions to declare (different than your self). of course you heavily isn't "unmarried" until you report 2008 taxes. As of 12/31/07, you're considered Married. good luck.
2016-11-03 22:54:23 · answer #7 · answered by ? 4 · 0⤊ 0⤋
The IRS sets the first date it will start receiving Returns and it is usually the second full week of January. Legally your employer has until the end of January to give you your W-2s.
2007-12-18 02:27:32 · answer #8 · answered by courage 6 · 2⤊ 0⤋
The IRS does not open to file into somewhere around the 25 of Jan.
2007-12-18 02:27:03 · answer #9 · answered by rgs3girls 3 · 3⤊ 1⤋
I have to wait for all of my tax forms from my employer and my bank, so it'll be the beginning of February before I can do much of anything.
2007-12-18 02:26:16 · answer #10 · answered by Love My Hubby - Hate His Mom 6 · 1⤊ 0⤋