I am looking for singers (male & female), preferably with Tamil knowledge, lyricists, drummers, keyboard players, flutists, guitarists for my album. If you are interested, please leave a comment or contact me via my profile page

Saturday, March 05, 2005

Taxman cometh

Yes, it is taxing time for everyone. April 15th is the last day to file your federal taxes. State filing dates may vary. Virginia waits till May 1st.

Alert : Last minute procrastinators - You may choose to file at the last moment, but make sure you have all the information and correctly to say.i.e. make sure your W-2 has your SSN,Name exactly as in your SSN card. Make sure you have all the 1099-NT from the banks and they tally with what you have.

Some important tips :
  • Federal taxes can be e-filed free. Visit www.irs.gov to get more details
  • VA state taxes can be e-filed free as well. Visit tax.virginia.gov for more details
  • you can visit your local post office, public libraries or the website to download forms and instructions to fill the same.

    It is advisable to calculte with paper & pencil (into the downloaded/pickedup form) and tally it with any website that you may choose to use. Keep in mind to not fill in your ssn when you are doing scrap work (safety precaution)

    Remember, it is your responsibility to file taxes and get/pay any thing that is due. Any unclaimed refunds beyond 3 years will be forfeited.

    Do not hesitate to ask for any help that, someone around you, can help you with. Or comment on this website.

    Nothing stops with information - it has to turn into commentary ! ;)

    Wow, what a way to make people lose their money. First, they deduct taxes at source, then they deduct more/wrongly. Then you have a limited time to fail and claim. And if you fail to be accurate in your claims, you will be penalised, even if you are due a refund ! Sad to note that most countries around the world use this mode.

    Excellent money minting policy !
  • 1 comment:

    Eshwar said...

    Kewl tips dude. Can I consult you for my taxation in India also ??