When Can I Do Taxes 2017?
Tax season is a time of year that many individuals and businesses eagerly anticipate. It’s important to know when you can do your taxes for the year 2017, as filing your taxes on time ensures compliance with federal and state regulations, and may even result in a tax refund. Here’s a breakdown of important dates and FAQs to help guide you through the process.
1. What is the official start date for filing taxes in 2017?
The official start date for filing taxes for the year 2017 was January 23rd, 2018. This is the date when the Internal Revenue Service (IRS) began accepting and processing individual tax returns.
2. Is there a deadline for filing taxes for the year 2017?
Yes, the deadline for filing taxes for the year 2017 was April 18th, 2018. This is typically the deadline for most taxpayers, unless they file for an extension.
3. Can I file for an extension if I need more time to prepare my taxes?
Yes, you can file for a tax extension using Form 4868. It grants you an additional six months to file your tax return, moving the deadline to October 16th, 2018. However, keep in mind that this extension only applies to filing your taxes, not to paying any taxes owed.
4. How can I file my taxes for the year 2017?
There are several ways to file your taxes. You can use tax software, hire a tax professional, or even file your taxes manually using the paper forms provided by the IRS. The most convenient method for most people is to file electronically using tax software or online services.
5. Can I e-file my taxes for the year 2017?
Yes, e-filing is the most popular and efficient method for filing taxes. Most tax software and online services allow you to electronically file your tax return with the IRS, making the process faster and more accurate.
6. How long should I keep my tax records for the year 2017?
It is recommended to keep your tax records for at least three years from the date you filed your original return or two years from the date you paid the tax, whichever is later. However, if you file a fraudulent return or fail to file a return, there is no time limit on the IRS being able to assess additional taxes.
7. Can I still receive a tax refund for the year 2017 if I file late?
Yes, you can still receive a tax refund for the year 2017 if you file late, as long as you file within three years from the original due date. However, if you owe taxes, you may be subject to penalties and interest for late payment.
8. What if I made a mistake on my tax return for the year 2017?
If you made a mistake on your tax return, you can file an amended tax return using Form 1040X. This form allows you to correct any errors or omissions on your original return. It’s important to note that you should only file an amendment if the changes would affect your tax liability.
In conclusion, the start date for filing taxes for the year 2017 was January 23rd, 2018, and the deadline was April 18th, 2018. Filing taxes on time is crucial to avoid penalties and ensure compliance. If you have any further questions, it’s always best to consult with a tax professional or refer to the official IRS website for accurate information.