Deadline file 2008 tax return

Email will not be published required. Client Login Create an Account. Blog Home. Posted by admin on January 12, March 3, Farmers and fishermen must file their return by this date and pay any tax due to avoid penalty.

March 17, Deadline to file corporate tax return ,A, and S. Last day to request automatic 6-month extension. March 31, Last day for employers to file electronically file their W-2 and Statements with the Social Security Administration.

May 15, Last day to file non-profit organization information returns or to request an extension. June 16, 2nd quarter estimated tax payment due for tax year. September 15, 3rd quarter estimated tax payments due for tax year.

Last year, there was a surge in e-file from home computers. There were also significant increases in e-filing by people with a balance due using credit cards and Electronic Funds Transfer EFT payment options. That year, there were 25, tax returns filed electronically. The e-file program expanded nationwide in and 4. IRS e-file has undergone tremendous growth each year.

As many as IRS has targeted Feb. The February date allows the IRS enough time to update and test its systems to accommodate the changes without major disruptions to other operations related to the tax season. Subscribe to IRS Newswire. Can I claim the tax credit?

Anyone who is not a nonresident alien as defined by the IRS , who has not owned a principal residence in the previous three years and who meets the income limits test may claim the tax credit for a qualified home purchase.

Is a tax credit the same as a tax deduction? A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. A tax deduction is subtracted from the amount of income that is taxed. I bought a home in Do I qualify for this credit? No, but if you purchased your first home between April 9, and January 1, , you may qualify for a different tax credit.

Please consult with your tax advisor for more information. Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their tax return? Prospective home buyers who believe they qualify for the tax credit are permitted to reduce their income tax withholding. This money can then be applied to the downpayment. Buyers should adjust their withholding amount on their W-4 via their employer or through their quarterly estimated tax payment.

IRS Publication contains rules and guidelines for income tax withholding. Prospective home buyers should note that if income tax withholding is reduced and the tax credit qualified purchase does not occur, then the individual would be liable for repayment to the IRS of income tax and possible interest charges and penalties.

Further, rule changes made as part of the economic stimulus legislation allow home buyers to claim the tax credit and participate in a program financed by tax-exempt bonds.

Some state housing finance agencies have introduced programs that provide short-term credit acceleration loans that may be used to fund a downpayment. Prospective home buyers should inquire with their state housing finance agency to determine the availability of such a program in their community. What does that mean? It means that HUD will allow buyers to apply their anticipated tax credit toward their home purchase immediately rather than waiting until they file their income taxes to receive a refund.

These funds may be used for certain downpayment and closing cost expenses. The guidelines also allow longer term loans secured by second liens to be used by government agencies, such as state housing finance agencies, to facilitate home sales. Housing finance agencies and other government entities may issue tax credit loans, the funds of which home buyers may use to satisfy the FHA 3.

What then? Can you still file your taxes online? Or are you a hopeless case? Well, no. You were only able to file an extension up until the April 15th deadline of that year in order to extend your file date to October 15th.

This is something to keep in mind for your current year returns though. Of course! You can file past due taxes at any time. Of course, these come with some penalties…. To find out more about these fees and how to calculate the amount you owe, check out our other article! Refunds can be claimed up to three years after the filing deadline. As you may have guessed, that deadline has passed already.