When Should A Person File An Independent Tax Return Or Joint Tax Return?

When should a person file an independent tax return or joint tax return? Tax returns can be filed in various quarters. That is a very good question. I only file tax returns for my clients in February. ...

That is a very good question. I only file tax returns for my clients in February. I am not in the tax return business. In January I send my clients what's called a tax return organizer. So they can fill that out in January and then when February gets here, they can mail it to me with their W2s or their W4s which is their employee income or their 1099 which is self-employment income. Let's say the guy owes $1000. He still has a couple of months before he has to send that in, if I do it in February. If you file that tax return in April then people don't have the money to pay, so they will get an extension. The first extension is until August 15th and then they give you another extension until October the 15th. If they still don't have the money, they don't file and they don't pay. They think they are going to catch up and that is not usually what happens. Then one year leads to the next year and the next year, and then all of a sudden its five years later and now they may owe $20,000. The debt is so huge that they can't do anything about it and then that's when they get a wage levy, bank levy and tax links. If you are in a state that has state taxes, states have the same authority to take your paycheck as feds in the case of state income taxes.

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