Do you need to file form 8948?

Do you need to file form 8948?

Form 8948 is used only by specified tax return preparers (defined below) to explain why a particular return is being filed on paper. A specified tax return preparer may be required by law to electronically file (e-file) certain covered returns (defined below). File Form 8948 with the tax return that is filed on paper.

Who must file form 8948?

tax return preparer
In general, a tax return preparer or tax preparation firm must electronically file tax returns for individuals, estates, and trusts if they reasonably expect to prepare and file more than 10 returns in a calendar year.

How do I file a hardship tax return?

To prove tax hardship to the IRS, you will need to submit your financial information to the federal government. This is done using Form 433A/433F (for individuals or self-employed) or Form 433B (for qualifying corporations or partnerships).

When people refer to Tax Day they mean?

What Is Tax Day? Tax Day refers to the final deadline date when individual federal tax returns and tax payments are due. Most states that levy income taxes set the same deadline for their residents to file their state income taxes.

Who qualifies for tax forgiveness?

For example, a family of four (couple with two dependent children) can earn up to $34,250 and qualify for Tax Forgiveness. And a single-parent, two-child family with income of up to $27,750 can also qualify for Tax Forgiveness. Nearly one in five households qualify for Tax Forgiveness.

Is it better to efile or mail taxes?

You could get your tax refund quicker. If you want your tax refund as soon as possible, you’re better off e-filing. According to the IRS, it might take up to eight weeks for you to receive your tax refund if you mailed your tax return. But if you e-filed, it could take as little as three weeks.

What happens if the IRS rejected my efile?

In most cases, if your electronic tax return gets rejected initially by the IRS, you will have an opportunity to correct the return and retransmit it. In the event that a rejection comes back after the April 15th tax deadline, you will be provided an additional five days to fix the errors and retransmit the return.

Why are taxes due on April 15th?

April 15 is traditionally tax deadline day for the Internal Revenue Service. April 16 is Emancipation Day in Washington, D.C. The holiday commemorates the date in 1862 when President Abraham Lincoln signed the District of Columbia Compensated Emancipation Act, freeing 3,000 slaves in the D.C. area.

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