What are the procedures for filing back tax returns?

What are the procedures for filing back tax returns?
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Answer :

Filing your taxes is something that everyone has to do on a yearly basis. To file these back returns it is highly suggested to go to a tax preparer, but one can file themselves by requesting the back tax filing paperwork from the IRS.
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What are the procedures for filing returns ?

Last Answer : : At present there are two methods of filing income tax returns , namely- (1) general method and (2) universal self-assessment method.

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Last Answer : answer:There are tax preparers that will give you a “tax refund” loan. But they will charge you a lot for the privilege of a short term loan. And you have to get your return done by them. Check with H&R Block if you can have it electronically deposited at a third party.

Non-assurance engagements include all of the following except a. Compliance audit. b. Management consulting. c. Agreed-upon procedures. d. Preparation of tax returns where no conclusion is expressed.

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Is there any reason to keep income tax returns dating back to 1999-2000?

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Where do I get copies of my back tax returns?

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How many years do we have to keep our back tax returns?

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Last Answer : Professional Accountants recommend that you keep 7 years of tax returns. You should also file away the supporting documents like receipts.

How do I claim my back tax returns?

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Last Answer : By using the IRS, you can claim tax returns easily. The IRS is a good way to get tax returns. If you have any troubleshooting, they have a help section.

What are the requirements for filing income tax return ?

Last Answer : Income tax return is the means of presenting a brief statement of the taxpayer's annual income to the income tax authority . Taxpayer's annual income-expenditure and assets and liability ... the stipulated time , the concerned taxpayer will be penalized by the Deputy Commissioner of Taxes.

What is the penalty for not filing my tax return?

Description : Is there any penalty at all for this?

Last Answer : Yes! There is a HUF 500,000 penalty if you do not submit it, or if you submit it after the penalty has been imposed, you will still have to pay!

How much do 2 people filing jointly have to make in order to pay fed tax?

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Last Answer : You can go to the following website to find all of the tax information you need to know for a small business: http://www.irs.gov/businesses/small/. They have a lot of useful information.

How long is the average time after filing your income tax return that you will receive your refund?

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Last Answer : You can usually expect to get your tax return refund 21 days or more from the filing date depending on how you file.

Is there free tax return filing online?

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Last Answer : Many websites offer free tax return services. The most accredited are TurboTax, and H&R Block.

Is there an official government website that lists free tax filing companies?

Description : Is there an official government website that lists free tax filing companies?

Last Answer : Yes, the IRS.gov/freefile website is an official Internal Revenue Service (IRS) website that has a list of free tax filing companies. Many of these free tax filing companies may have restrictions on income and other factors.

Other than Turbo Tax what other IRS free tax filing services or software is there?

Description : Other than Turbo Tax what other IRS free tax filing services or software is there?

Last Answer : Other popular websites include TaxAct.com, HRBlock.com, FreeTaxUSA.com and many others. The IRS.gov/freefile website has a list of companies that offer free tax filing. There may be income and other restrictions as well as costs for state tax filings.

How reliable is LLC Tax Software for all my tax filing needs?

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Last Answer : I would be more likely to trust a popular tax software such as Turbo Tax. Their software is cheap and reliable and will give you step by step instructions for filing your taxes.

How can I do electronic tax filing?

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Last Answer : Turbotax is a great resource for people wanting to electronically file. They have an easy to use interface that walks you through the tax filing process step by step.

I want to file my taxes on my computer this year. Is there any tax filing software for free Or hardly any cost?

Description : I want to file my taxes on my computer this year. Is there any tax filing software for free Or hardly any cost?

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How hard is it to get an extension for tax filing?

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Does starting a new business help you with your tax refund when filing taxes.?

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Last Answer : My best suggestion is to inform yourself with information from different resources concerning what starting a new business will do for your taxes. But to directly answer your question then yes, it will ... small business owner. Here is their website to learn about it. www.irs.gov/businesses/small/

Can someone who lives in another state file your tax returns?

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Last Answer : If they have your permission and you signed off on it, then yeah if you are filing a simple federal form. As for state taxes, you may want to have some who knows your state taxes rules for deductions ... on top of state and federal. But a simple form that you fill at home is usually not an issue.

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Hopelessly fighting to withhold his tax returns. Desperately struggling to keep Mueller away from Congress, what’s left to hide? What’s beyond the revelation of billion dollar loser?

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Are Trump's 2005 tax returns meaningless?

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Last Answer : Seeing that they are tax returns I think that the IRS already has them.

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Last Answer : I’m still waiting on mine. It’s my money, and I need it now!

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How long do I really need to keep my tax returns?

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Last Answer : answer:From Kiplinger.com: You'll want to keep tax returns forever. You'll need them when you apply for a loan or apply for disability insurance. Plus, old tax forms can be useful if you can't ... have your own business. You generally can't be audited after that. Note: the IRS says the same.

What are some reputable and BBB acredited companies that allow you to do your tax returns online?

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Last Answer : Tax Act is a very reputable company that is also BBB accredited that allows you to complete and file your tax returns online. You can find them at www.taxact.com/. Other options of reputable ... H&R Block and Turbo Tax, however they do not have a BBB accredited business logo on their websites.

Are there stories about people cheating on their corporate tax returns?

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Will the IRS help me with my tax returns?

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Who has to file tax returns?

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Last Answer : Not everyone needs to file a federal tax return. Those with a certain gross income, tax filing and status and age must file. You many find more comprehensive information at http://www.investopedia.com/ask/ ... certain age when you don't have to file income tax return? what age can you stop filing?

I have unfiled tax returns, what can I do?

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Last Answer : Filing a past due return may not be as difficult as you think. Taxpayers should file all tax returns that are due, regardless of whether or not full payment can be made with the return ... filing and payment responsibilities after the plan is approved. However, full payment of taxes saves you money.

What federal tax credits are available for 2010 tax returns?

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Last Answer : There are many tax credits available for 2010. Energy credits are of big interest as this is the last year you can claim them. There are also credits for dependent care costs and charitable donations.

Is it safe to file tax returns online?

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Last Answer : As with anything online that requires you to enter personal information about yourself take caution. There are some very good and secure sites where you can file your taxes like turbo tax.

How can I get copies of previous years tax returns which I no longer have access to?

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Last Answer : You can get a copy of previous tax returns (IRS calls these transcripts) from IRS by calling 1-800-829-1040, or order by mail using IRS Form 4506T (Request for Transcript of Tax Return). There is no fee for transcripts. It takes two weeks for delivery.

How long does it take to get a refund from my federal tax returns?

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Last Answer : People normally get their federal tax returns in the time period of March to April. Depending on where you are located and when you filled it out, this may differ, but usually it's near the end of the 1st quarter of the year.

What is the definition of delinquent tax returns?

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Last Answer : Delinquent tax returns are tax returns that have been filed late, or not at all; usually this incurs penalties and fees that increase over time, so it's best to pay your taxes fully and on time.

Keep Past Tax Returns?

Description : Keep Past Tax Returns?

Last Answer : After filing your tax returns, be sure to keep a copy for your records. You never know when you may need to take a look at information in past tax returns. Sometimes, people are given a surprise ... may owe back taxes to the IRS. Prevent any further hassle from the IRS by keeping your back taxes.

How do you file small buiness tax returns?

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Last Answer : If your business has been large and successful, you might have trouble taking care of your company tax returns on your own. I would recommend getting a tax advisor who can professionally help your ... do the returns correctly. You will recieve special tax forms and will have to claim your income.

How to Find Help Filling Out Income Tax Returns?

Description : How to Find Help Filling Out Income Tax Returns?

Last Answer : During the spring every year all people who earn a wage in the country are required to fill out a federal tax return. While people have to do this every year, federal tax return documents ... with insight into how you can take advantage of federal tax credits and deductions to reduce your liability.

We handle a large volume of tax returns here. How has your experience prepared you for this?

Description : We handle a large volume of tax returns here. How has your experience prepared you for this?

Last Answer : During college, I participated in the IRS's Volunteer Income Tax Assistance program. For two nights a week from February through April, I spent a few hours preparing individual tax returns in a public ... find some past experience that proves to the interviewer he can handle a large volume of work.

For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Description : For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Last Answer : Tax returns preparation

For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Description : For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Last Answer : Tax returns preparation

Which of the following is an example of an assurance engagement?a. Management advisory services b. Reporting on financial statements prepared using other comprehensive basis of accounting. c. compilation of financial information d. preparation of tax returns

Description : Which of the following is an example of an assurance engagement? a. Management advisory services b. Reporting on financial statements prepared using other comprehensive basis of accounting. c. compilation of financial information d. preparation of tax returns

Last Answer : Reporting on financial statements prepared using other comprehensive basis of accounting.

Ethically, the auditor could: a. Advertise only as to his expertise in preparing income tax returns. b. Base his audit fee on a percentage of the proceeds of his client’s stock issue. c. Perform an examination for a financially distressed client at less than his customary fees. d. Own preferred stock in a corporation which is an audit client.

Description : Ethically, the auditor could: a. Advertise only as to his expertise in preparing income tax returns. b. Base his audit fee on a percentage of the proceeds of his client's stock issue. c. Perform ... at less than his customary fees. d. Own preferred stock in a corporation which is an audit client.

Last Answer : Perform an examination for a financially distressed client at less than his customary fees.