Skip to content Skip to sidebar Skip to footer
Home / 2017 / return

Review Of Irs Tax Return For 2017 Ideas

Post a Comment

Form 1040 Us Individual Tax Return 15 Great Lessons You Can Learn From Form 1040 Us Individual
Form 1040 Us Individual Tax Return 15 Great Lessons You Can Learn From Form 1040 Us Individual from www.bybloggers.net

IRS Tax Return for 2017: Everything You Need to Know

Introduction

Filing taxes can be a daunting task, especially if you are not familiar with the process. If you are wondering about IRS tax returns for 2017, you have come to the right place. In this article, we will provide you with all the information you need to know about filing your tax returns for the year 2017.

Before we dive into the details, let's first understand what tax returns are. Tax returns are forms that you are required to fill out and submit to the Internal Revenue Service (IRS) every year. These forms contain information about your income, deductions, and tax payments.

What You Need to File Your IRS Tax Return for 2017

To file your IRS tax return for 2017, you will need the following information:

  • Your social security number (SSN) or individual taxpayer identification number (ITIN)
  • Your W-2 forms, which show your income and taxes withheld
  • Your 1099 forms, if you are self-employed or have other income sources
  • Your receipts and records of expenses, such as medical bills, charitable donations, and business expenses
  • Your bank account information, if you choose to receive your refund through direct deposit

Important Dates to Remember

The deadline to file your IRS tax return for 2017 was April 15, 2018. However, if you missed the deadline, you can still file your return and avoid penalties by filing for an extension. The deadline to file for an extension is October 15, 2018.

What Happens If You Don't File Your Tax Return?

If you don't file your tax return, you may face penalties and interest charges. The penalty for not filing your tax return is 5% of the unpaid taxes for each month that the return is late, up to a maximum of 25%. If you file your return more than 60 days late, the minimum penalty is $205 or 100% of the unpaid tax, whichever is less.

Common Mistakes to Avoid

When filing your IRS tax return for 2017, there are several common mistakes that you should avoid. These include:

  • Forgetting to sign your tax return
  • Entering incorrect Social Security numbers or other identification numbers
  • Forgetting to include all sources of income, such as freelance work or rental income
  • Using the wrong filing status
  • Not double-checking your calculations

How to Get Help with Your Tax Return

If you are unsure about how to file your IRS tax return for 2017, or if you need help with any part of the process, there are several resources available to you. These include:

  • The IRS website, which provides detailed information and instructions
  • IRS Taxpayer Assistance Centers, which offer in-person help
  • IRS toll-free phone number, which you can call for assistance
  • Professional tax preparers, who can help you file your return for a fee

Conclusion

Filing your IRS tax return for 2017 may seem like a daunting task, but with the right information and resources, it can be a straightforward process. Remember to gather all the necessary information, avoid common mistakes, and seek help if you need it. By following these tips, you can file your tax return accurately and on time, and avoid penalties and interest charges.

Good luck with filing your IRS tax return for 2017!


Post a Comment for "Review Of Irs Tax Return For 2017 Ideas"