U.S. taxpayers generally report their individual federal income information via forms 1040 or 1040SR. "Form 1040-SR is available to you if you were born before January 2, 1958," the IRS states in section "Line Instructions for Forms 1040 and 1040-SR" (page 12) of the instructions booklet for forms 1040 and 1040SR.
Two formats are available for filing forms 1040 and 1040SR. The paperless format entails electronic filing (e-file). Free File is an electronic format promoted in the instructions booklet for forms 1040 and 1040SR. "This public-private partnership, between the IRS and tax software providers, makes approximately a dozen brand-name commercial software products and e-file available for free. Seventy percent of the nation's taxpayers are eligible" (page 7). An adjusted gross income of $73,000 or less in 2022 qualifies a taxpayer for the free tax software.
Paper format requires mailing completed forms 1040 and 1040SR to specific addresses determined by residence location and by no payment-enclosed, payment-enclosed or refund-requested tax returns. Six IRS centers are responsible for processing 2022 forms 1040 and 1040SR filed in 2023. The three centers for 2022 individual income tax returns either requesting refunds or not enclosing payments for taxes owed are located in Kansas City, Missouri; Austin, Texas; and Ogden, Utah. Payment-enclosed 2022 forms 1040 and 1040SR are processed by IRS centers in Louisville, Kentucky; Charlotte, North Carolina; and Cincinnati, Ohio.
All those who are filing 2022 forms 1040 or 1040SR: Please remember that your tax returns need to be postmarked by midnight, Tuesday, April 18, 2023.
DerdriuMarrinerApr 15, 2023
VeronicaApr 15, 2023
DerdriuMarrinerApr 15, 2023
Also, the further easing of retirement via eligibility for "thousand pounds tax free self employed earnings per year free of tax" is impressive. That tax-free incentive for engaging in a little work during retirement provides a nice cushion and comes across as a reward for all the years of pre-retirement work.
DerdriuMarrinerApr 15, 2023
There is always finessing with tax withholding on this side of the pond, so that taxpayers usually have to file a return either for a refund because too much was withheld or for payment of tax due because too little was withheld.
There also are taxpayers who intentionally have too much withheld because they want to file for refunds. It's my understanding that making a special purchase numbers among one of the reasons for overwithholding for refunds.
DerdriuMarrinerApr 15, 2023
Only about three months is allowed for timely tax payments on this side of the pond. For instance, the Internal Revenue Service began accepting 2022 tax returns as of Jan. 23, 2023. Taxes owed are due April 18, instead of the standard April 15 this year because of the annual celebration of Washington DC's Emancipation Day.
Paying your tax in June removes that item from your year's to-do list early. Also, you don't have to carry it into the new year.:-)
frankbeswickApr 15, 2023
VeronicaApr 15, 2023
VeronicaApr 14, 2023
DerdriuMarrinerApr 14, 2023
According to Wikipedia's Tax return (United Kingdom) article, employees "paying tax under the PAYE system are not required to file a tax return, because the PAYE system operates to withhold the correct amount of tax from their wages or salaries." But the article specifies that income not taxed at the source "needs to be declared to HMRC, usually by submitting a self assessment tax return."
A Self-Assessment tax return form -- interesting contrast to the Internal Revenue Service's "Form 1040 U.S. Individual Income Tax Return."
VeronicaApr 14, 2023
I am "self-employed " so I have to submit my tax return . Our tax year starts and ends on April 5th. Unless a Brit has a different submission date, I have to pay my tax for the year 22/23 by 31st January 2024.
DerdriuMarrinerApr 13, 2023
Form 4868 is available for filing by taxpayers who may owe tax and by taxpayers who expect a refund.
DerdriuMarrinerApr 13, 2023
"If you don't pay your tax by the original due date [Tuesday, April 18, 2023] of your return, you will owe interest on the unpaid tax and may owe penalties" (page 8, Tax Year 2022 1040 (and 1040-SR) Instructions booklet).
DerdriuMarrinerApr 13, 2023
The mailing addresses for Form 4868 for taxpayers living in the District of Columbia and the 50 states duplicate the service centers for completed 1040 and 1040SR forms requesting a refund or not enclosing a payment.
The post office box number and the zip code extensions for Form 4868's service centers differ from the post office box numbers and zip code extensions for completed 1040 and 1040SR forms.
For example, taxpayers filing Form 4868 with payment enclosed mail to P.O. Box 802503, Cincinnati OH 45280-2503. But completed 1040/1040SR forms from Pennsylvania-residing taxpayers who are enclosing payments are mailed to P.O. Box 802501, Cincinnati OH 45280-2501.
DerdriuMarrinerApr 13, 2023
The deadline for filing Form 4868 is Tuesday, April 18, 2023, for 2022 forms 1040 and 1040SR.
Form 4868 may be filed in paper format or by e-file. Form 4868 is available at https://www.irs.gov/pub/irs-pdf/f4868.pdf.