Check Stub Maker is a major savior throughout the year and is mainly helpful during tax season. As anyone can rely on a pay stub generator for last-minute check stubs online, it is a boon for self-help small business owners, freelancers, or anyone who uses a pay stub maker.
As the tax season arrives, a few questions are commonly heard in the taxation chatter. Here are they: “When should I file my tax return?” “When does the tax season actually start?” “When is the right time to file returns?”
Being an early bird will not promise any refunds, but one thing you can be sure of is that you will be free from the worries that you still have about paying taxes.
Filing Tax Returns & relevant Processing
There is nothing like ‘tax season’ if you think of it from a different viewpoint. You can file the federal tax returns as soon as the relevant documents are ready. Usually, January 31st, 2019, is considered to be the ideal deadline for employers to dispatch W2 Forms for earnings of 2018, and 1099-MISC Forms must also be sent within the specified date.
For instance, if you receive your documents within the specified duration, it is nowhere mentioned that the IRS will process your file earlier. It is essential to know that the IRS officially begins accepting tax returns for the year 2018 on January 28, 2019. This is a later date than last year, when accepting returns started on January 23rd. The delay this year is because the IRS has had to scramble to adjust to new provisions of the Tax Cuts and Jobs Act, effective from January 2018.
The IRS will begin accepting returns filed electronically on January 28, and the processing of paper returns mailed with payments will be initiated on the same day. Those filings that don’t include payments will be processed after the 2019 government shutdown ends.
Deadline to File Tax Returns for the year 2018
15th April 2019 is reportedly the last date to file personal tax returns for the year 2018, except for Maine and Massachusetts, which have 17th April as a deadline, as 15th April is Patriot Day there.
However, if you miss the deadline, you can request an extension of 6 months from the IRS if you are not prepared yet or have some issues filing tax returns within the specified time limit. Your next return call will be pushed to Oct 15th, 2019. You have to be prepared to pay late fees or penalties levied by the IRS for filing returns late.
What about refunds?
The IRS usually initiates refunds in less than 21 days, but it may take up to six weeks after you mail in a paper return.
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How does the check stub generator help?
Check Stub Generator is very helpful if you want to create paycheck stubs at the last minute. Relying on check stubs online is the best thing you can do instead of outsourcing paychecks or hiring accountants on an urgent basis, as they will definitely charge more.
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Related Article: Pay Stub & W2 Forms – What is the Difference?
FAQ's
When is the tax filing deadline?
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The tax filing deadline in the United States is typically April 15th. However, this deadline may be extended in some years due to special circumstances, such as a natural disaster or pandemic.
Can I file my taxes electronically after the tax filing deadline has passed?
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Yes, you can still file your taxes electronically after the tax filing deadline has passed. However, you may be subject to penalties and interest on any taxes owed if you owe taxes. It's best to file your taxes as soon as possible to avoid additional penalties and interest.
What if I can't afford to pay my taxes by the tax filing deadline?
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If you can't afford to pay your taxes by the tax filing deadline, you should still file your taxes on time to avoid additional penalties. You can also consider setting up a payment plan with the IRS to pay off your taxes over time. Additionally, you may be eligible for certain tax credits and deductions that could lower your tax bill.