The 2014 tax season officially begins on January 31, 2014. That is the soonest you can get your taxes prepared IF you have all of your W-2, 1099 and other tax forms in your possession. A few years ago we saw a trend where tax preparers would prepare and e-file a client’s tax return using his/her last pay stub; this was so the client could get their refund sooner. The IRS has strongly cracked down on this practice, and per this article on their website, Tips for Choosing a Tax Return Preparer, it is AGAINST IRS RULES. The article states:
Reputable preparers will request to see your records and receipts and will ask you multiple questions to determine your total income and your qualifications for expenses, deductions and other items. Do not use a preparer who is willing to electronically file your return before you receive your Form W-2 using your last pay stub. This is against IRS e-file rules.
So what should you do? If you have not received your tax forms from your employer by February 15, 2014 you can:
- Contact the employer
- Contact the IRS to report the employer and obtain the necessary information and permission (yes permission) to file your taxes without having the required tax forms in hand.
Tax season begins on January 31st and you have until April 15 (the tax deadline is set by statute) to have them completed and e-filed or post-marked. However, you can request an automatic six-month extension to FILE your taxes late without penalty using IRS Form 4868, which can be filed electronically or on paper. You should know this does not extend your time to PAY any taxes due. If you owe on 4/15/14 and do not pay by 4/15/14, interest will begin accruing.
Any questions? Just ask me or contact the IRS.
IRS Live Telephone Assistance
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IRS Telephone Assistance for Individuals: Toll-Free, 1-800-829-1040
Hours of Operation: Monday – Friday, 7:00 a.m. – 7:00 p.m. your local time (Alaska & Hawaii follow Pacific Time).
~ All the best