A friend of mine said she did it last year but she didnt remember who she went to. She went somewhere with her last paystub of the year and they did her taxes off of that....is this true and who? and how?
Thanks all Happy Holidays!
2007-12-27 15:30:38 · 4 answers · asked by jrsyshur 1 in Business & Finance ➔ Taxes ➔ United States
You cannot legally file a tax return with just a paystub until after Feb 15th and then only if getting one is not possible (ie, the company does not exist anymore, owner died, etc). You can possibly get a copy of what was on your W2 from the IRS, but this again must wait until after Feb 15th. These are called Substitute W2s. If you are looking for an early return as fast as possible, several tax prep companies were offering paystub loans, but they were so risky and the bank offereing them through the companies lost so much money that they quit doing it this year. H&R Block is offering a $500 Emerald Advance through their bank, but the limit you can get right away is like $440 and it is a line of credit, not a real credit card. Otherwise, no one is offering to file a return with just a paystub this year (and if they are, run the other direction, they are scamming you, lol).
2007-12-27 15:40:14 · answer #1 · answered by Patrick S 3 · 0⤊ 0⤋
yes its true..i have done this also. You may go to a place like jackson hewitt or anywhere and take your last payckeck stub.They basically give you a portion of your money now and the rest when you receive your w2 forms in the mail. Be aware that this is a loan and of course you pay some fees for the convenience of getting some cash right away.
2007-12-27 15:41:29 · answer #2 · answered by hardknocklife 2 · 0⤊ 0⤋
A tax preparer can do your taxes from just the pay stub, but isn't allowed legally to file it until you give them your W-2. What your friend might have done was taken one of the high interest high fee loans from someplace like H&R Block, so it seemed to her that she had her refund already - but actually it was just a loan, and the return hadn't been filed yet with the IRS.
2007-12-27 16:27:55 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
The loans were stopped because people failed to pay them back. Massive fraud turns off banks fast.
2007-12-27 15:52:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋