Denver Tax Return: Paper Filing Scenarios Explained
June 2, 2021
For a vast majority of individuals, e-filing a tax return is the easiest, safest, and quickest way possible to submit your information. Not only do you eliminate potential processing delays associated with the postal service but you also know almost immediately whether or not your tax return has been accepted. This is not only the preferred method for filing services but also the Internal Revenue Service (IRS), however, there are certain situations which warrant submitting a paper return.
An abundance of paper returns recently filed swamped the IRS and has some current refunds taking a long time this year. The office closures associated with the coronavirus are mostly to blame but in certain situations, taxpayers have no choice but to file a paper return. In each of these scenarios, the return must be printed, signed, and mailed accordingly.
Amended Return
There are a number of different reasons individuals may file an amended return but no matter the cause, it must be paper filed. If you missed a potential credit, are correcting an error, or for any other reason, the change after an initial submission must be entered in paper form.
E-File Shutdown
Each year the IRS shuts down their e-filing system in order to prepare for the upcoming tax season. While this typically occurs when individuals are no longer submitting returns, if you can’t wait for the filing window to reopen, then a paper return could be mailed. Remember, this typically would only apply to those individuals who missed a deadline because any amendments must already be paper filed.
Electronic Rejection
In the event that your tax return is continually rejected by the e-filing system, a paper return should be submitted. This helps to validate that a return was filed on your behalf and potentially reveal any reasoning associated with the inability to file electronically. Just remember, filing a paper return can be significantly delayed when compared with submitting returns electronically.
If you’re ready or in need of potentially filing a paper return, then let the tax professionals at Bloch Rothman and Associates assist you today. In addition to providing answers for all of your filing questions, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by either the IRS or an outside agency, or any other personal or corporate wealth management issues. Along with providing quality tax and payroll services, our group can also complete all types of returns or answer any other factors associated with financial issues or concerns you may have.
Serving Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us today. Available for all of your tax needs, there are also a number of bookkeeping services offered to assist you and your business. We look forward to meeting you and providing the type of service you can rely on whatever your needs may be very soon!
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An abundance of paper returns recently filed swamped the IRS and has some current refunds taking a long time this year. The office closures associated with the coronavirus are mostly to blame but in certain situations, taxpayers have no choice but to file a paper return. In each of these scenarios, the return must be printed, signed, and mailed accordingly.
Amended Return
There are a number of different reasons individuals may file an amended return but no matter the cause, it must be paper filed. If you missed a potential credit, are correcting an error, or for any other reason, the change after an initial submission must be entered in paper form.
E-File Shutdown
Each year the IRS shuts down their e-filing system in order to prepare for the upcoming tax season. While this typically occurs when individuals are no longer submitting returns, if you can’t wait for the filing window to reopen, then a paper return could be mailed. Remember, this typically would only apply to those individuals who missed a deadline because any amendments must already be paper filed.
Electronic Rejection
In the event that your tax return is continually rejected by the e-filing system, a paper return should be submitted. This helps to validate that a return was filed on your behalf and potentially reveal any reasoning associated with the inability to file electronically. Just remember, filing a paper return can be significantly delayed when compared with submitting returns electronically.
If you’re ready or in need of potentially filing a paper return, then let the tax professionals at Bloch Rothman and Associates assist you today. In addition to providing answers for all of your filing questions, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by either the IRS or an outside agency, or any other personal or corporate wealth management issues. Along with providing quality tax and payroll services, our group can also complete all types of returns or answer any other factors associated with financial issues or concerns you may have.
Serving Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us today. Available for all of your tax needs, there are also a number of bookkeeping services offered to assist you and your business. We look forward to meeting you and providing the type of service you can rely on whatever your needs may be very soon!
Denver Tax Resolution Services Offer Solutions
May 21, 2021
Receiving mail from the Internal Revenue Service (IRS) can be a disheartening experience even before you may know what it entails. However, if you suspect there has been some issue regarding tax payments either recently or in the past, you can be certain it will be addressed at some point. Even as the IRS deals with a tremendous backlog of returns, the scrutiny of individuals' filings should always be expected and any red flags will be addressed in due time.
If you become the subject of an audit or are simply facing a tax bill which seems insurmountable, there are services available to assist. Getting the correct information processed and dealing with professionals can really help to eliminate much of the stress associated with your particular situation. Fear of legal prosecution always heightens the angst of a tax predicament but fewer people are going to jail due to tax related issues. If you have received notice of some action related to your return, other tax situation, or wish to make an attempt prior to being discovered then seeking a resolution service may be beneficial.
Consultation
An initial review of your situation and any correspondence from the IRS can help both parties as a plan of action is implemented to resolve the issues. This also can aid individuals as they learn about what potential penalties may be associated with their errors and how exactly utilizing a professional service will benefit them.
Communication
Communicating with the IRS can be an extremely time consuming process. From letter exchanges to phone contacts and wait times, the average individual typically doesn’t want to deal with all of this hassle. In addition, most people have never dealt with the IRS so having someone in your corner with experience and expertise can really help to even the playing field.
Plan
Developing a plan of action in order to remedy any issues with the least possible legal impact is obviously the goal. By creating a guide for the upcoming course of action, many individuals immediately breathe a sigh of relief knowing that steps are now going to be made in the right direction.
Execution
Execution of the plan will put you back on a path to financial stability. From securing payment delays, payment plans, or an offer in compromise, moving forward and addressing the tax matters are usually best for all involved parties.Â
If you are in need of tax resolution services or filing assistance for your personal or business return then let the tax and accounting experts at Bloch Rothman and Associates assist you or your business today. They can take care of multiple issues dealing with paying or owing back taxes, required audits from other entities besides the IRS, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete tax returns or answer any other factors associated with financial issues or concerns you may have.
Serving in Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate or any other filings, don’t hesitate to contact us today. Available for all of your tax needs and filings, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and serving whatever your needs may be soon!
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If you become the subject of an audit or are simply facing a tax bill which seems insurmountable, there are services available to assist. Getting the correct information processed and dealing with professionals can really help to eliminate much of the stress associated with your particular situation. Fear of legal prosecution always heightens the angst of a tax predicament but fewer people are going to jail due to tax related issues. If you have received notice of some action related to your return, other tax situation, or wish to make an attempt prior to being discovered then seeking a resolution service may be beneficial.
Consultation
An initial review of your situation and any correspondence from the IRS can help both parties as a plan of action is implemented to resolve the issues. This also can aid individuals as they learn about what potential penalties may be associated with their errors and how exactly utilizing a professional service will benefit them.
Communication
Communicating with the IRS can be an extremely time consuming process. From letter exchanges to phone contacts and wait times, the average individual typically doesn’t want to deal with all of this hassle. In addition, most people have never dealt with the IRS so having someone in your corner with experience and expertise can really help to even the playing field.
Plan
Developing a plan of action in order to remedy any issues with the least possible legal impact is obviously the goal. By creating a guide for the upcoming course of action, many individuals immediately breathe a sigh of relief knowing that steps are now going to be made in the right direction.
Execution
Execution of the plan will put you back on a path to financial stability. From securing payment delays, payment plans, or an offer in compromise, moving forward and addressing the tax matters are usually best for all involved parties.Â
If you are in need of tax resolution services or filing assistance for your personal or business return then let the tax and accounting experts at Bloch Rothman and Associates assist you or your business today. They can take care of multiple issues dealing with paying or owing back taxes, required audits from other entities besides the IRS, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete tax returns or answer any other factors associated with financial issues or concerns you may have.
Serving in Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate or any other filings, don’t hesitate to contact us today. Available for all of your tax needs and filings, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and serving whatever your needs may be soon!
Denver Tax Return - Midseason Report
May 13, 2021
It’s hard to believe the initial tax filing season is already more than halfway over. Every year, individuals across the country get together all of the required paperwork in order to submit their tax returns and depending on if you are generally expecting a return or owe the Internal Revenue Service (IRS), this can be a stressful time for many individuals, including tax preparers.
The IRS opened its 2020 season for individual filers on January 27 this year and everyone has until April 15 in order to submit either a completed return or extension. In addition, any amended returns from previous years must also be completed provided they fall into the appropriate range and qualify with an intended purpose for the amendment.
Calendar
Given the IRS began accepting returns with just five days remaining in January, the tax season is 80 days long this year. Some upcoming important dates on the filing calendar include not only the April 15 deadline but also October 15. Provided an extension is filed by the original deadline, taxpayers are given an extra six months in order to file their return for the preceding year. However, this does not indicate an extension in time to submit a payment. If you suspect owing money then this amount must be turned in along with the extension before the middle of April.
Refund Tracking
With nearly half of the filing season complete, the average return for taxpayers has been about $3,100 this year. Due to many individuals hoping to gather a refund and putting this money to another use, most people elect to file within the initial period. As the season progresses, refund amounts have increased. Typically, most people can expect their refund to be returned within at least three weeks of the filing date. If you haven’t received it by this point, then there are other measures which can help to ease your mind. A “Where’s My Refund?†tool is available to individuals on the IRS website for tracking purposes but taxpayers must have their social security number, filing status, and exact amount to be returned in order to receive help.
If you are in need of refund help or filing assistance for your personal or business return then let the tax and accounting experts at Bloch Rothman and Associates assist you or your business today. In addition, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits from other entities besides the IRS, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete tax returns or answer any other factors associated with financial issues or concerns you may have.
Serving in Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate or any other filings, don’t hesitate to contact us today. Available for all of your tax needs and filings, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and serving whatever your needs may be soon!
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The IRS opened its 2020 season for individual filers on January 27 this year and everyone has until April 15 in order to submit either a completed return or extension. In addition, any amended returns from previous years must also be completed provided they fall into the appropriate range and qualify with an intended purpose for the amendment.
Calendar
Given the IRS began accepting returns with just five days remaining in January, the tax season is 80 days long this year. Some upcoming important dates on the filing calendar include not only the April 15 deadline but also October 15. Provided an extension is filed by the original deadline, taxpayers are given an extra six months in order to file their return for the preceding year. However, this does not indicate an extension in time to submit a payment. If you suspect owing money then this amount must be turned in along with the extension before the middle of April.
Refund Tracking
With nearly half of the filing season complete, the average return for taxpayers has been about $3,100 this year. Due to many individuals hoping to gather a refund and putting this money to another use, most people elect to file within the initial period. As the season progresses, refund amounts have increased. Typically, most people can expect their refund to be returned within at least three weeks of the filing date. If you haven’t received it by this point, then there are other measures which can help to ease your mind. A “Where’s My Refund?†tool is available to individuals on the IRS website for tracking purposes but taxpayers must have their social security number, filing status, and exact amount to be returned in order to receive help.
If you are in need of refund help or filing assistance for your personal or business return then let the tax and accounting experts at Bloch Rothman and Associates assist you or your business today. In addition, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits from other entities besides the IRS, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete tax returns or answer any other factors associated with financial issues or concerns you may have.
Serving in Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate or any other filings, don’t hesitate to contact us today. Available for all of your tax needs and filings, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and serving whatever your needs may be soon!
Denver Tax Return: Reasons To File An Extension
May 10, 2021
Tax season is in full swing and the deadline for filing is fast approaching despite an already granted extension until mid May by the Internal Revenue Service (IRS). Normally, individuals must file their tax returns prior to the April 15 deadline which changes only due to a holiday or weekend but because of the ongoing coronavirus pandemic, taxpayers now have until May 17 to submit their returns this year.
If you need additional time, individuals can fill out Form 4868 in order to apply for a formal extension to complete their filing. There are a few misconceptions surrounding the use of an extension but many instances necessitate the use of a formal extended period of time to file your return. However, there are certain expectations associated with any tax liabilities which should also be considered.
Personal Schedule
There are any number of different instances which could cause a person to be unavailable for completing their tax return. If you have certain major life events taking place in or around the first part of a year - marriages, births, deaths, moves, etc. - it is expected that tax preparation may be the last thing on your mind. If this is the case, then filing for an extension makes sense in order to give you time and an opportunity to prepare everything in the best shape possible.
Missing Information
Many taxpayers who have retirement accounts or multiple stocks may not receive all of their necessary information in a timely manner to complete a return prior to the deadline. If your organizations are notoriously late submitting final numbers, then delaying a filing could be in your best interest.
Avoid Penalties
If you don’t file a return, then the penalties and interests associated with missing the deadline automatically begin piling up. Unfortunately, many individuals fear they owe and then don’t submit any return, however, filing for an extension can at least help to avoid any penalties related to at least not filing a return in a timely manner.
Tax Liability
It is important to remember that an extension applies only to submitting the return, not payments due. If you owe money then this is expected by the IRS at the original deadline, May 17 this year. Even if you are unaware what the final tally may be, turning in a quality estimate can help you to avoid a larger tax bill down the line.
If you’re ready to file a return or an extension, then let the tax professionals at Bloch Rothman and Associates assist you today. In addition to providing answers to all of your tax questions, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by either the IRS or an outside agency, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete all types of returns or answer any other factors associated with financial issues or concerns you may have. Serving Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us today. Available for all of your tax needs, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and providing the type of service you can rely on whatever your needs may be very soon!
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If you need additional time, individuals can fill out Form 4868 in order to apply for a formal extension to complete their filing. There are a few misconceptions surrounding the use of an extension but many instances necessitate the use of a formal extended period of time to file your return. However, there are certain expectations associated with any tax liabilities which should also be considered.
Personal Schedule
There are any number of different instances which could cause a person to be unavailable for completing their tax return. If you have certain major life events taking place in or around the first part of a year - marriages, births, deaths, moves, etc. - it is expected that tax preparation may be the last thing on your mind. If this is the case, then filing for an extension makes sense in order to give you time and an opportunity to prepare everything in the best shape possible.
Missing Information
Many taxpayers who have retirement accounts or multiple stocks may not receive all of their necessary information in a timely manner to complete a return prior to the deadline. If your organizations are notoriously late submitting final numbers, then delaying a filing could be in your best interest.
Avoid Penalties
If you don’t file a return, then the penalties and interests associated with missing the deadline automatically begin piling up. Unfortunately, many individuals fear they owe and then don’t submit any return, however, filing for an extension can at least help to avoid any penalties related to at least not filing a return in a timely manner.
Tax Liability
It is important to remember that an extension applies only to submitting the return, not payments due. If you owe money then this is expected by the IRS at the original deadline, May 17 this year. Even if you are unaware what the final tally may be, turning in a quality estimate can help you to avoid a larger tax bill down the line.
If you’re ready to file a return or an extension, then let the tax professionals at Bloch Rothman and Associates assist you today. In addition to providing answers to all of your tax questions, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by either the IRS or an outside agency, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete all types of returns or answer any other factors associated with financial issues or concerns you may have. Serving Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us today. Available for all of your tax needs, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and providing the type of service you can rely on whatever your needs may be very soon!
Denver Tax Return Deadline Extended
May 3, 2021
The ongoing coronavirus pandemic continues to impact the Internal Revenue Service and tax filing season. When this year opened, expectations were that the traditional April 15 filing date would stand after an automatic extension was installed last year. However, a similar move was recently made for this season in order to benefit both the IRS and taxpayers.Â
After an onslaught of returns and processing difficulties due to COVID closures and restrictions last year, the IRS commissioner says he hopes to clear tax refund backlog by summer. The newly implemented extension for this filing season will assist with this measure as centers begin operating at more of a standard capacity.
New Date
One month has been added to the original filing deadline for individuals this tax season. However, since, May 15 falls on the weekend, the new tax day for 2021 is currently Monday, May 17. This automatic extension applies to individual filers and gives both tax preparers and payers extra time in order to not only submit their return but also any corresponding payments which may be due.
Extension
Despite the delay, filing for an official extension remains possible for all taxpayers. This option is applicable for only the time allotted to submit a return as any perceived payments must still be submitted at the original deadline - now, May 17. For those wishing to take advantage of the new date, no additional paperwork is required but the formal six-month extension, with a due date of October 15, remains in place and does require a formal request.
Estimated Tax Due Date
For self-employed individuals and those who make estimated tax payments the April 15 date still serves as a notice for first-quarter payment submissions. Just because the tax filing deadline has been extended, these payments currently remain due as originally scheduled.
State Returns
Most states elected to also align their return due dates to correspond with that of the federal requirement last year. As expected, states will likely extend their deadlines to match dates again this season but taxpayers should continue to monitor their existing due dates when deciding to file.
If you’re ready to file a return or need help determining exactly when items are due, then let the tax professionals at Bloch Rothman and Associates assist you today. In addition to providing answers to all of your tax questions, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by either the IRS or an outside agency, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete all types of returns or answer any other factors associated with financial issues or concerns you may have. Serving Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us today. Available for all of your tax needs, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and providing the type of service you can rely on whatever your needs may be very soon!
Read More...
After an onslaught of returns and processing difficulties due to COVID closures and restrictions last year, the IRS commissioner says he hopes to clear tax refund backlog by summer. The newly implemented extension for this filing season will assist with this measure as centers begin operating at more of a standard capacity.
New Date
One month has been added to the original filing deadline for individuals this tax season. However, since, May 15 falls on the weekend, the new tax day for 2021 is currently Monday, May 17. This automatic extension applies to individual filers and gives both tax preparers and payers extra time in order to not only submit their return but also any corresponding payments which may be due.
Extension
Despite the delay, filing for an official extension remains possible for all taxpayers. This option is applicable for only the time allotted to submit a return as any perceived payments must still be submitted at the original deadline - now, May 17. For those wishing to take advantage of the new date, no additional paperwork is required but the formal six-month extension, with a due date of October 15, remains in place and does require a formal request.
Estimated Tax Due Date
For self-employed individuals and those who make estimated tax payments the April 15 date still serves as a notice for first-quarter payment submissions. Just because the tax filing deadline has been extended, these payments currently remain due as originally scheduled.
State Returns
Most states elected to also align their return due dates to correspond with that of the federal requirement last year. As expected, states will likely extend their deadlines to match dates again this season but taxpayers should continue to monitor their existing due dates when deciding to file.
If you’re ready to file a return or need help determining exactly when items are due, then let the tax professionals at Bloch Rothman and Associates assist you today. In addition to providing answers to all of your tax questions, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by either the IRS or an outside agency, or any other personal or corporate wealth management issues. Along with providing a quality tax service, our group can also complete all types of returns or answer any other factors associated with financial issues or concerns you may have. Serving Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us today. Available for all of your tax needs, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and providing the type of service you can rely on whatever your needs may be very soon!