The Tax Preparation Blog

Posts Tagged ‘tax return deadlines 2008’

Question: is it too late to file for a tax return and interpreting a publication?

I am a non-resident, who have worked as a seasonal worker in the USA for 4 months in 2006. By this moment I have not filed for my tax return. I have to get 100% on the tax paid as a refund, because my income is below the taxable income line. Some people tell me that I have missed the deadline and I’ll be charged penalties. However, this is what I found in IRS publication 519, p.40:
“If you file for 2006 calendar year, your return is due April 17 2007″
Moreover: “When to file for deductions and credits. To get the benefit of any allowable deductions or credits, you must timely file a true or accurate return. For this purpose, a return is timely if it is filed within 16 months of the due date just discussed”.
The due date is Apr. 17th, which means that if I file before Aug 17th 2008 for 2006, my return filing would still be timely.
Is my reasoning correct? The due date is Apr. 17th, so it is 16 months after that date, right?

Answer: in regards to the 2006 federal income tax return, if you are getting a refund then it only matters that you file the return before april 15, 2010….irs does not care about giving you money so its up to you to file to claim it but you only have a 3 year statute of limitations to do so….no penalties or interest will accrue in this instance…..if you owe them money…the return and the money are due on april 17, 2007….penalties and interest will accrue on returns not filed and paid timely…..you can file 2006 anytime before the date in 2010 to receive a refund…after that you can file it but it is not likely you will receive a your refund but you could fall through the cracks…i have seen it happen

POLITICAL ECONOMY

South Africa: an inflection point? Returns on mining in the country continue falling to amongst the world’s lowest.

Tips from the IRS – 2008 tax return–don’t miss out on free money!

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