Where do I file my income tax returns?
- WITH US! Receive your maximum refund amount. Plus a get a free quote today. Schedule your appointment below to get started.
What is income tax?
- Income tax is a tax the government collects from money earned by businesses and individuals throughout the year.
Why do we have to file income tax returns?
- The purpose of filing income tax returns is to let the Internal Revenue Service (IRS) know how much money you made during the year. Filling out tax returns will inform you whether you owe additional taxes to the government or if they owe you because you overpaid taxes during the year.
When do I have to file my income tax return?
- Income Tax Season starts as early as January 15, 2023. The deadline to file your income tax return is April 18, 2023.
What happens if I miss the deadline?
- There is no penalty for filing a late return after the tax deadline if a refund is due. However, if you owe taxes and you didn't file penalties for filing late can mount up at a rate of 5% of the amount of tax due for each month that you're late.
What is cash advance/ refund advance?
- Cash advance is tax refund loans, also referred to as "refund advances," are a way to access your refund early. A tax refund advance allows you to borrow the amount of the refund for cash now and pay it back when you actually receive the refund from the government.
How much income tax will I have to pay?
- It all depends on your income for the year. We take gross income and subtract tax deductions. What's left is taxable income. Then we apply the appropriate tax bracket (based on income and filing status) to calculate your tax liability.