i hear this big talki about the delay of income taxes, well, is it definite. some have already gotten christmas loans towards their taxes. most places let you use your last check stub, is this not avaliable this year as well? this is crap. please try to help me find answers because i need my money fast, quick and in a hurry!
2007-12-28 17:41:48 · 7 answers · asked by Sherri J 1 in Business & Finance ➔ Taxes ➔ United States
As of yesterday, the word was January 14th was the soonest you could file.
2007-12-28 19:15:31 · answer #1 · answered by John K 5 · 2⤊ 0⤋
Nobody will let you file with your last pay stub. That gravy train was derailed last year by massive losses by the banks that actually made the loans.
If your return is one that might have been subject to AMT treatment under the rules in place before Congress patched it last week the processing of your return will be delayed. If you have a simple return with modest income and are not taking any credits other than the Child Tax Credit or EIC then you should not see a delay.
You can file a paper return any time after Jan 1, 2008 once you have your W-2 in hand. You can generally e-file when the e-filing season opens up, probably around Jan 15th or so. The exact date has yet to be announced on their website. However if your return includes one of the forms significantly affected by the AMT patch you will not be able to e-file until sometime in February. The IRS has set a tentative date of Feb 15th for that but as in all things governmental that could change either way.
Here's a link to the IRS article about the AMT patch and the impact that it will have on SOME taxpayers' filing plans: http://www.irs.gov/newsroom/article/0,,id=176948,00.html
2007-12-28 23:43:28 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Yes it's definite, but only if you use certain forms. Otherwise you can file on the normal schedule of Jan 1 by mail, mid January by efile. The delay was caused by Congress not passing the laws that affect AMT until late December. The IRS has to reprogram their computers to deal with the new rules. They've completed some, but not all of it - so some forms still have to be reprogrammed.
The forms are:
• Form 8863, Education Credits.
• Form 5695, Residential Energy Credits.
• Form 1040A's Schedule 2, Child and Dependent Care Expenses for Form 1040A Filers.
• Form 8396, Mortgage Interest Credit and
• Form 8859, District of Columbia First-Time Homebuyer Credit.
If you don't use any of those, you won't be affected by the delay.
Filing with your last paystub has nothing to do with the IRS, it's something sometimes offered by tax prep firms. You aren't actually filing until you get your W-2 - what they do is give you a high cost loan for the amount of your refund until you get your W-2, actually file, then they use your actual refund to pay off the loan. You'd have to check with your tax prep place and ask them if they are providing this type of loan this year - some might be, some are not.
2007-12-29 01:28:46 · answer #3 · answered by Judy 7 · 2⤊ 0⤋
I additionally filed on that day and that they have got been popular the comparable day.. so in accordance to the efile refund projected date that's going to be the. Feb 1st yet I checked the place's my refund and it says the feb seventh additionally. I even have been analyzing that there have been some delays if u filed till now the 24 of january, yet my mom filed the 17 and have been given hers final week. All purely relies upon i think.
2016-11-26 00:20:27 · answer #4 · answered by ? 4 · 0⤊ 0⤋
i believe that the is going to be a short delay, last year you were able to fill with your last pay stub I'm not for sure about this year. the Christmas loan was available through H & R block, i agree this is crap. Good Luck
2007-12-28 18:14:34 · answer #5 · answered by Debbie 4 · 0⤊ 2⤋
I know most if not all tax information has to be mailed and postmarked by Jan 31st in the states. Hope this info helps you out a little.
2007-12-28 17:59:59 · answer #6 · answered by edysalt 3 · 1⤊ 0⤋
yes, they are running a little short over at the treasury. the war and banking bailouts take big bite and then there is ss and medicare they haven't been able to eliminate. they just have to wait for the chinese to buy some more funny money certificates and we will be rolling in dough. don't sweat it.
everything will be perfect as soon as the new president takes over. it is the best of all possible worlds.
2007-12-28 20:25:40 · answer #7 · answered by JIM 4 · 0⤊ 4⤋