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Income tax tips and info 

Income tax information and download material.

 

 
 
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Published:  January 11, 2012
 
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Slide 1: ==== ==== Income Tax Tips and Information www.3nails.biz ==== ==== After filing your taxes, it is necessary that you learn the facts about your Income Tax Refund to know what to expect and when. It should take approximately 2 weeks for your return to be processed using online systems, but the processing does not begin until the middle of February. For paper tax returns it should take double the time (about 4 weeks) if filed before April 15. If done late, (after April 15th) then it should take about 6 weeks for it to be processed. You have a large variety of options when it comes to checking on the status of your Income Tax Refund. Before beginning, you should ensure that you have in front of you the following items: the Total Income amount from your tax return for the current year, your social security number, and your birthday. Once you have the listed items, you can either check online through a variety of sites or phone the automated Tax Info Phone Service. Taxpayers are eligible for an Income Tax Refund when they owe less than the total amount of estimated taxes they paid. Approximately 77% of those who filed taxes in the United States in 2004 received Income Tax Refund checks that can be deposited directly into a bank account, sent to a house, or added to the next year's payments. Some people like to use the checks they receive as a type of "savings". Because the money was paid earlier in the year, the check is perceived as excess money. It is much more desirable to find yourself in a situation where you are getting an Income Tax Refund check each year for excess money you paid, than to owe money that you may or may not have. The unfortunate side of receiving an Income Tax Return is that you lose about a year's worth of interest on the money while it is withheld. Another way of looking at it is giving a loan to the federal government without making them pay for it, when instead you could be saving that money in a bank account and earning interest rather than paying it. Those most likely to receive an Income Tax Refund are those who have expenses to claim, had multiple employers throughout the year, received a large payment (such as a bonus), worked for only a portion of the year, worked while they were in school, or those who earned less than 10,000. For more great information and resources on IRS tax attorneys and the best tax attorney visit our site today. Article Source:
Slide 2: http://EzineArticles.com/?expert=Elija_James ==== ==== Income Tax Tips and Information www.3nails.biz ==== ====

   
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