IRS Verification of Non Filing Letter – 5 Things Every Student Should Know

What is an IRS Verification of Non-filing Letter? An IRS Verification of Non-filing Letter is a proof authenticated by the IRS that the applicant or the person whose name is in the IRS letter, did not file an income tax return in Form 1040, 1040A or 1040EZ for the year written therein. Why do you …

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What if IRS Rejects your eFiled 1040 or an Extension after the Deadline !

Federal tax returns and extensions have to be filed by midnight your local time on the normal due date of the return, i.e  April 17, 2018. It may just happen that your e-filed 1040 return or an extension is rejected by IRS before the deadline. That situation is quite perplexing. You may be wondering what to do now because the tax deadline to file tax return or extension has gone.

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Ultimate Tax Filing Preparation Checklist

Tax season has  started and  you must have started to think about your tax filing . In order to cruise through this annual ritual smoothly , we have suggest you to use this checklist. This will smoothen the process of filing your taxes.  The tax filing  check list has been prepared for a wide audience , so some of the items listed may not  apply to your specific tax situation.

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How to Amend Taxes : 5 Things You Need to Know !

how to amend taxesAmending tax return may be needed because as the famous saying goes – to err is human. So ,you may just find that  there are certain error(s) in your tax return filed with IRS . This knowledge of errors in tax return require that you take immediate corrective step for rectifying the mistake and file  an amended tax return .Please note that , the IRS may , while processing your tax return , may rectify  mathematical or clerical errors on a return, therefore such error does not require any action on your part . But , any error which is not clerical error , must be rectified by filing a revised or amended return specially if there’s a change in your filing status, income, deductions, or credits.

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Why & How to file a tax extension ?

extension to file tax return

extension to file tax returnFirst , let us know why one should file tax extension . In fact , I should start with fundamental question “what is tax extension”. The answer is : a tax extension is nothing but the grant of time to file tax return beyond tax day . If you apply , an automatic six months extension of filing date. For example , for Tax Year 2017 , the tax day is 15th April 2018 . If for any reason you think you are not able to file tax return by 15th April , you can file a Form to IRS before 15th April . That filing application will make you eligible to extension of time till 15th October 2018 ( for Tax Year 2017)

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Who Needs to Renew ITIN Immediately?

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Like - Click this link to Add this page to your bookmarks Share - Click this link to Share this page through email or social media Print - Click this link to Print this page Individual Taxpayer Identification NumberIndividual Tax Identification Number or ITIN is soon going to expire for many taxpayers, and IRS has issued a reminder on 18th October 2016 that taxpayers whose ITIN is expiring can begin submitting their ITIN renewal applications to the IRS. This post is explaining the importance of ITIN , why the ITIN expired for some .

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How to Know Your Filing Status ?

filing statusFiling of tax return under US tax law requires that you first ascertain your filing status. Under the Internal Revenue Code , there are five types of status under which you can file tax return. Filing status will actually determine what  tax rate or the the basic tax exemption or standard deductions and a whole lots of other relief and conditions  applies to you. So , this post is devoted on the ways you can find out exact filing status that applies to you .

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 Best Tax Tips & Calculators

Stay updated with all latest on US tax law !
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