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Get Copy of Past Tax Return & Tax ID Number
|Need a Tax Identification Number?|
A Tax Identification Number or TIN is an identifying number used for tax purposes in the United States. It may be assigned by the Social Security Administration or by the IRS.
A business need a Federal Tax Identification Number or Employer Tax Identification Number, so that they can maintain their own image or entity in the market. It is to be noted that, the tax ID number could not be transfer in case of the transferring of any business. If the structure or ownership would be changed then a new tax ID number is required for the business. But above all you have to collect the relevant information to get an EIN.
Need a Copy of Past Tax Return?
Taxpayers have two easy and convenient options for getting copies of their federal tax return information — tax return transcripts and tax account transcripts — by phone or by mail.
If you need a photocopy of a previously processed tax return and attachments, complete Form 4506, Request for Copy of Tax Form, and mail it to the IRS address listed on the form for your area. Copies are generally available for the current and past 6 years.
IRS Holding $2 Billion In Unclaimed Tax Refunds
Every year, the IRS announces that it is holding unclaimed tax refunds. Taxpayers have a limited time to claim the $2 billion dollars the IRS is currently holding.
Three years is a magical number when it comes to Tax Returns. It refers to the statute of limitations on certain tax issues such as when an audit can occur, when refunds can be claimed and when amended tax returns can be filed. The IRS is currently holding $2 billion dollars in unclaimed tax refunds for the 2002 tax year and taxpayers must file their claims by April 17, 2006 or lose the refunds forever.
Approximately 1.7 million people are due refunds out of the $2 billion dollars currently held by the IRS. These people have refunds due because they failed to file tax returns for 2002. This occurred most likely because people felt they did not make enough money to warrant filing a tax return. By failing to file, however, they have left $570 on average with the IRS.
If a taxpayer fails to claim the tax refund by filing a tax return for 2002, the money will default to the federal government. Importantly, there is no penalty associated for filing late if a taxpayer is due a tax refund. This is common misconception among non-filers.
One group of taxpayers that almost always has a large percentage of non-filers is military personnel. Obviously, it is a bit hard to file from Afghanistan, but now is the time to do so for 2002. Members of the military that failed to file in 2002 are owed an average of $749 per taxpayer.
The IRS releases demographic on the areas in the United States where refunds are due. To this end, California and Texas are the states where the most individuals are due refunds while Idaho has only 6,200 people due a refund.
Nobody finds filetaxes an exciting prospect. The pain is much less, however, is you know you are due a refund. If you failed to file in 2002, you might be throwing away a nice little chunk of change.
How To Estimate Your Irs Tax Refund In Advance
Wouldn't it be nice to know how much your income tax refund check will be. It's like having money in the bank. Yes, there is a simple way to estimate your tax refund in advance and it won't cost you a dime.
I'm about to show you how you can estimate your Federal IRS income tax refund or return in advance, for free!
How to estimate your income tax refund
Forget about using pen, paper and a calculator, we're going to estimate your taxes with the help of the Internet. Using an online tax refund estimator, we can get this done in about 10-15 minutes. The tax refund estimator will need to gather information about you, to make an estimate. All you have to do is make simple entries.
Here is how and what you'll be asked:
Screen 1. Your filing status, age, your children and other dependents.
Screen 2. Earnings, gross wages and self employment income.
Screen 3. Any investment income such as interest, dividends and capital gains.
Screen 4. Any other income such as rental, royalty , partnerships, trusts, tax refunds, alimony, unemployment, social security and any other income.
Screen 5. Ira and education expenses such as Ira contributions, student loan interest, college tuition and expenses.
Screen 6. Expenses, business and work related, self employed health insurance, moving, Keogh and other.
Screen 7. Deductions and personal expenses such as medical, real estate, mortgage interest, home equity loan, charitable contributions, alimony you paid, child care, gambling losses, theft and other.
Screen 8. Miscellaneous tax items. These tax items apply to relatively few people. AMT and other misc.
Screen 9. Withholding, Federal income tax withheld, State income tax withheld and future withholding if before end of tax year.
Screen 10. Tax payments you have made or will make for this year.
And now what you've been waiting for.
The Results! That's it, you'll know how much your tax refund will be, so you can make important financial decisions.
How To Get Tax Refund Fast
There are several methods which can get you your taxrefund quicker. It depends on whether you keep detailed records on at least a monthly basis or not. The price of good organization is the rapid response to your tax return. It will help you, if you are a business rather than an individual, to have conscientious employees. You must first have the means to determine whether you have a refund. Some have tax attorneys, if this is your case then insure that you have the very best tax attorney who has a fantastic accountant. They will have your books updated monthly and will probably have your tax return ready to file before January 31. They can submit your return electronically over the internet through your tax attorney. If you aren’t in this category then you can take all your expense records which include sales slips, interest for school loans, medical expenses, records of loss from investments, thefts and personal checks from your bank account with your 1090’s from all of your jobs to a well known tax agency. They will review your records and assist you in claiming any legal deductions. Some of these agencies will for a percentage of your return provide you a check immediately for any return funds owed you by the federal and state governments. Another method can be the use of the EZ tax form whereby you only take the standard deduction and skip making detailed deductions. Another method is the EZ eform taxreturn where the tax payer goes to http://www.irs.org and uses tax preparation software free. There are several free contractor provided tax preparation software packages for you to use in preparation of your tax return. Each walks you through your tax return where you can choose whether to take the standard deduction or itemize them. The software is extremely reliable and should enable you to accurately complete your tax return. After they complete the process of correctly preparing their tax return online, you can sign it electronically and submit it immediately. This will start their tax return process much faster than snail mail.
Easy way to check Your Tax Refund
If you already filed your federal tax return and are due a refund and you want Fast Refund, you have several options for checking on the status of your refund.
One way is to use “Where’s My Refund?” an interactive tool on simple online instructions guide taxpayers through a process that checks the status of their refund after they provide identifying information shown on their tax return. Once the information is processed, you could get several responses, including:
1. Acknowledgement that your return was received and is in processing.
2. The mailing date or direct deposit date of your refund.
3. Notice that the IRS could not deliver your refund due to an incorrect address. To ensure delivery, you can change or correct your address online.
Where’s My Refund? is a very flexible tool. Whether you split your refund among several accounts, opt for direct deposit into one account, or ask IRS to mail you a check, where’s My Refund? gives you online access to your refund information. You can even use where’s My Refund? If you filed taxes only to claim a refund of the telephone excise tax.
It also includes links to customized information based on the taxpayer’s specific situation. The links guide taxpayers through the steps they need to take to resolve any issues that may be affecting their refund. For example, if you do not get the refund within 28 days from the original IRS mailing date shown on Where’s My Refund?, you can do a refund trace online.
The “Where’s My Refund?” service meets stringent IRS security and privacy certifications. Taxpayers enter identifying information that includes their Social Security number, filing status and the exact amount of the refund shown on the return. This specific information verifies that the person is authorized to access that account and avoids an unsuccessful response.
Conventional Way for Tax Filing
The easiest and quickest way to file a return and obtain a refund, is to do this electronically--a practice already used by more than half of all taxpayers. The conventional way of Free IRS Efile
taxes has been opposed by online tax filing
systems in recent times. Filing online will allow you to get your tax refund in as little as 10 days.
The process of filing incometax
online is simple and trouble free. The customer first prepares his tax papers personally or approaches professional tax consultants to do so on his behalf. After the tax papers have been prepared they can be effortlessly filed through an IRS e-file provider. Filing can be done online as well, but if an individual is not sure about the mechanics, it is better to seek professional guidance. Usually most tax experts will be licensed IRS e-file providers. The relevant documents are signed and retained by the customer for future reference. The IRS e-file provider then files the returns electronically on the behalf of the customers. Next, the IRS e-file provider sends the customer an acknowledgement mentioning the current status of the filing process.
Online filing eliminates the need for going through tiring steps of rushing to the local IRS offices and post offices and waiting in never ending queues to post the papers before the due date. Office hopping has been completely eliminated. The only thing required is a reliable computer and Internet connection. Mistakes and errors can be corrected online in comparatively less time. Online tax filing has reduced the time gap prior to receiving Income Tax Refunds
and papers can be printed to maintain precise records for future reference. Online tax filing also facilitates tax payments using credit cards. It has reduced back office processing time considerably.
Join the millions of people who have discovered how easy, online tax filing can be. The cost will be much less, your tax forms will get to the IRS with no hand-written errors, and you'll get your tax refund in as little as 10 days.
IRS Withholding Calculator
Purpose of This Computer Program The purpose of this application is to help employees to ensure that they do not have too much or too little income tax withheld from their pay. It is not a replacement for Form W-4, but most people will find it more accurate and easier to use than the worksheets that accompany Form W-4. You may use the results of this program to help you complete a new Form W-4, which you will submit to your employer.
Tips For Using This Program
Have your most recent pay stubs handy.
Have your most recent income tax return handy.
Fill in all information that applies to your situation.
Estimate values if necessary, remembering that the results can only be as accurate as the input you provide.
Consult the information links embedded in the program whenever you have a question.
Print out the final screen that summarizes your input and the results, then use it to complete a new Form W-4 (if necessary), and keep it for your records.
Who Can Benefit From This Application?
Employees who would like to change their withholding to reduce their tax refund or their balance due;
Employees whose situations are only approximated by the worksheets on the paper W-4 (e.g., anyone with concurrent jobs, or couples in which both are employed; those entitled to file as Head of Household; and those with several children eligible for the Child Tax Credit);
Employees with non-wage income in excess of their adjustments and deductions, who would prefer to have tax on that income withheld from their paychecks rather than make periodic separate payments through the estimated tax procedures.
For Special Situations If your situation is among those listed below, you will probably achieve more accurate withholding by following the instructions in Publication 919, How Do I Adjust My Tax Withholding?
If you will be subject to alternative minimum tax, self-employment tax, or other taxes; or
If any of your current jobs will end before the end of the year.
Tax Tips To Get Fast Tax Refund
With 2008 winding up, there are a few people that are beginning to consider their tax situation. I know that a lot of people wait until March to even consider their taxes, but the wise are prepared well in advance. I advise that you use the month of December to gather and organize your receipts and other financial documents. That way, when you receive your W-2's and other tax documents, you will be ready to file your taxes online and for Rapid Tax Refund
It doesn't matter if you prepare your own federal and state taxes or if you use a professional, you will still need the same documentation. One thing that we often wait on is our W-2's and 1099MISC's. Be especially sure that you report and attach all of this information. If you don't, you will face late fees and penalties. You should receive your forms before February 15. If you don't, contact your employer.
Americans lose millions of dollars each year from tax deductions that they were entitled to but did not claim. I recently had someone tell me that their tax preparer was excellent, despite the fact that he wouldn't let her claim one of the most basic and easiest deductions. A professional tax preparer and tax software will prompt a taxpayer to claim tax deductions that they qualify for. However, many people miss these deductions. You should take the time to research the most frequently overlooked tax deductions and credits to determine what you qualify for.
Do you know what to do if you can't pay the total amount of taxes you owe? Most people make the mistake of not filing a Income Tax Return
at all. They think that this will stall the payment of the taxes. But all it really does is make the situation worse. You should file an extension deadline. You will still owe the estimated amount of taxes on the tax deadline. You will be charged late fees and penalties on tax payments not received in time. The longer you ignore the due date, the larger the penalties and fees.
It is important to keep current with changes in the tax law. The IRS and federal and state governments change tax laws every year. You should do a bit of research to find out if any of the tax law changes affect your tax returns. For example, several popular tax breaks expired last year and probably won't be available for this year. Keep up to date on changes in tax law.
Start your Tax Preperation Online
early. If you take it step by step over a few months, the whole process won't be such a large task. By starting to gather your receipts this month, you will be prepared for your taxes in April. You will also be able to complete any transactions that are necessary before December, such as charitable donations and business transactions.
Staying organized throughout the year will make your tax time a breeze. Use accordion folders to organize receipts and documents. I find that accounting software, such as Quicken or Microsoft Money, makes tax time quite easy. You can designate your spending to tax categories and then just pull a report. Or you could keep a log book that you write your tax deductible spending in throughout the year. If you do, you won't be sifting through receipts at the end of the year. You just total things up and move on to the next task. But remember to keep those receipts.
If you stay on top of your tax situation all year long, you will find that you can avoid that midnight rush in April. You are ready to file weeks ahead of everyone else.
Still Waiting For Your Tax Refund?
I am constantly amazed when I speak with people and they tell me they are still waiting for Fast Tax Refund checks after six or twelve months. If you are in this position, you may be in for a surprise.
Still Waiting For Your Tax Refund?
Preparing and filing taxes is one of those things almost nobody likes to do. Much like spring cleaning, it is something to be done and then forgotten about. If you are due a tax refund, however, this can result in some problems. This is particularly true with the IRS.
Every year, the Internal Revenue Service reports that it cannot get refund checks to a large number of taxpayers. No, it does not try to hide this fact. It actually will publish news releases and contact media outlets to get the world out. This year, the IRS is trying to find almost 100,000 people that it has refund checks for. The total dollar figure for outstanding refunds is over $92 million dollars. That is almost a grand per person the IRS cannot find.
Why can’t the IRS find you? Well, there can be a variety of reasons. The most common is you have moved your Tax Return Filing, but did not tell the IRS. As a result, the IRS sent the refund check to your old address. Another situation that can arise occurs when a marriage happens and the IRS is not notified of any new address or name change. Contrary to what you may have heard, the IRS does not keep tabs on you every day. If you move, you have to let the agency know.
If you are still waiting for a tax refund check, you should get proactive. You can go to the IRS web site and use the “Where is my Refund?” link on the home page to find out the status of your refund. You can also pick up the phone and call the agency at 800-829-1954.
Listen, we all hate tax preparing and Tax Filling. If you have suffered through the process and generated a refund, don’t lose it. Take action and contact the IRS to get your money today.
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