You have to file your tax return by April 15th of the year following the calendar year that ends in which you had income. you do not have to pay federal income tax and do not need to file a return. If the IRS contacts you or if they find out about an error on your past returns or find out that you made more money than what was reported, they may require that you file a return. You should always keep copies of everything related to your tax returns. The IRS is required to protect your social security number, but someone can gain access without getting authorization from you. Your SSN is used as verification for other accounts so be careful who gets access to it- don’t just give it away! If someone does steal your SSN and files a false tax return under your name, they can get a refund in the form of cash or a check mailed to them- this is called identity theft.
When filing your taxes, it’s important to keep copies of all the documentation that has helped you calculate your earnings. This includes pay stubs and investment documents. You should also keep a copy of any other relevant documentation such as insurance policies or property records. Make sure you save these documents in a place where they can be easily accessed in case they are needed for future tax returns or audits. It is also advisable to organize them by year so that they’re easy to find when doing your taxes. It may take some time upfront, but it will make filling out next year’s taxes much easier!
The first step is finding a tax professional. You can start by asking friends and family for recommendations, or by contacting an organization like the American Institute of Certified Public Accountants. After selecting a tax professional, it’s important to understand their qualifications and how they are paid so that you can make the best choice for yourself. If the person does not charge hourly rates, but rather charges based on the complexity of your tax return and other factors, make sure that they have a history of doing well with clients who are like you in terms of income level.
If you’re expecting a refund, the IRS estimates that it will take eight weeks for the agency to process your return and send out any owed funds. However, this time frame can vary depending on how complex your tax situation is. If you’re owed a refund, but the IRS doesn’t send it within three weeks of when they receive your information, contact them at (888) 622 -8282. You can also check the status of a refund in real-time by visiting their website and inputting certain information about yourself and the expected date that you filed.
The IRS typically processes returns within three weeks of receipt. This means that if you’re expecting a refund, it could take up to two months for it to show up in your account. If you expect a refund, the best thing is to be patient and wait for the money. You can check on its status by going on IRS’s Where’s My Refund? Keep in mind that if there’s an issue with processing your return, the IRS will send a notice explaining what the problem is and how they’ll resolve it.