The Tax Preparation Blog

Posts Tagged ‘return’

Question: has anyone filed for and received the first time home buyers tax credit?

We filed an amended return and keep hearing different things about how long it takes to receive the refund. Our realtor told us 4-6 weeks, our accountant said 6 months, and everywhere I look online says 6-16 weeks. We have a lot of home improvements and we’re just trying to plan better. If anyone has actually filed and received theirs, I was just wondering how long it took after you mailed in your return. Thanks.

Answer: On amendeded return, the credit is taking 12 to 16 weeks. May be you should wait and claim credit on your 2009 tax return. On your 2009 non-amended return, you should get credit in 4 to 6 weeks.

Sunday is not a day of rest as HM Customs and Revenue Tax self assessment deadline approaches

Chartered accountants are warning taxpayers that they will still be liable for a fine if they fail to submit their self assessment online by the deadline of 31 January, even though it’s a Sunday this year. (11/01/2010 12:09:35)

Online Tax Preparation – RapidTax.com

Question: When do I fill out my tax return based on when I registered as self employed?

I registered last year on April 1st and was told I had just missed the deadline for filling it out for return in january (last month) and that I have to do it a year behind. How does this work? When will I be sent my tax form and when does it need to be in for? I have kept all my records and really just want to get on with it!

Thanks!

Answer: Soon after the end of the tax year in April your local Tax office will send you a tax return form or Notice to Complete a Tax Return ( SA316)

At the start of a new tax year (6 April) HMRC sends out tax returns or Notice to Complete a Tax Return (SA316) for the previous tax year to everyone who is required to or normally completes one. Your local Tax Office will automatically send you a tax return form every year. Complete your self-assessment form and return to the relevant tax office by deadline of 30 September for them to calculate your tax bill. If you choose to do this calculation yourself or engage an accountant then the return must be back with the tax office by the following 31 January. Failure to meet the deadline will incur a penalty. A smart alternative is to register and complete your Tax Return Online.

Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk.

Dunmore’s acting borough manager resigns; plans to remain treasurer

In addition to figuring out its overdue 2010 budget, Dunmore Borough Council will need to find someone to run the borough next week. Days after informing council that an additional nearly 5-mill tax increase was necessary to cover the borough’s 2010 debt

The Big Tax Return Pt1of2

Question: How to file income tax return in india by NRI having only house property income and what is form no.?

what is the last date for filing tax return for 1.4.2006 to 31.3.2007 can this be filed by internet.

Answer: If the rental income less than Rs.1,40,000 then you can forget filing returns.

Rental income say Rs.1,40,000
Less 30% rebate on Rs.1,40,000= Rebate Rs.42,000
Your net Taxable income Rs.98,000

If you have no other income in India, even if the rental income is Rs.1,40,000 per year you can just avoid or can file it when you come to india. (because the rental income will be less than 1 lakh after 30% rebate for house repairs. 1,40,000*-30%=98,000)

FRANKLIN INDIA TAXSHIELD

This fund may not be one of the most exciting offerings among tax planning funds but what sets it apart is its downside protection capabilities. In the rising market, the fund delivers close to the category return but it shines during the market downturns.

eFiling made easy with ITRWizard

Recovery on track to strengthen at end of 2009

WASHINGTON (AP) — The economy started the year in free-fall but is on track to end 2009 on stronger footing.

Undelivered Refunds – November 2009

SpeedTax Investor Group Green Lights Significant New Round of Private Equity Funding

LONDON—-SpeedTax, a provider of Software-as-a-Service , fully-automated sales tax management solutions, today announced it has secured a new round of private equity funding from Committed Capital, an international private equity and advisory firm with offices in London and Sydney, Australia.

ProSystem fx® Outsource by CCH