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Discussion in 'The OT' started by SeaBeagle, Jan 11, 2012.
Although many tax preparers are already filing returns, the IRS's official kickoff for this year begins on Jan 17. Also if you qualify you may be able to file free using the IRS free file program.
the let me get that for you link in post #2 only gives info for the tax season that began in January 2011.
It had what he needed:
I think they'll accept them earlier, (mute point now) but won't actually process them until that date. As I recall, last year it was later because Congress passed tax changes in December and the IRS need time to update their computers and send them out to tax preparers.
sorry, but it's a pet peeve...the term is Moot point.
BTW, understand that if you want to file your taxes quickly because you are getting a big "refund", what you are doing is loaning the world's largest debtor YOUR money for more than a year at no interest. It is YOUR money you are getting BACK, not government money. Using the tax system as a jackleg savings account is beyond nutty.
It is, of course, far better to owe the governement money and pay on April 15 at 11:59:59.9.
I do not like owing either. I'd rather get a small refund.
That's the optimal solution.... if you can properly forecast your income tax for the next tax year, fill out Form W-4s in advance to adjust your withholding rates so that less is taken out of your paycheck each week and when you do file you come out to as close as possible to a break-even where you get a small refund back or owe very little.
Exactly. I've certainly gotten bigger refunds than I normally do, but mostly because of some home improvements that qualified for credits, but overall, not much.
Why not have some money direct deposited into an interest bearing account? Most payroll companies will allow you to split your direct deposit.
Exactly how I look at it. I would much rather manage with my checks being slightly smaller all year and get a little "bonus" early in the new year then have to cut them a check.
That's all well and good when you can. My boss still physically signs each employee payroll check (and payables for that matter) himself and does not offer direct deposit in any form, unless you took an advance for hardship. (Mind you, we employ ~250 people during our busy season and ~100 year round.)
I do full deductions all year and then claim only myself on my return.
This thread got me curious, so I started a poll about how you plan for your taxes...
Federal Tax Refund Strategy (not a political thread)