Tax returns in the United States

The government is intensifying efforts to improve tax compliance and public sector efficiency by implementing financial penalties for state officials who fail to submit taxpayer data on time.

Today, Friday 2/8 is the last chance for taxpayers to file a tax return or correct errors on one they have already sent in. With the extension in the deadline for filing tax returns, the time for filing amended returns has also been extended.

With the deadline for filing tax returns set to expire in 24 hours, following an extension granted by the Treasury Department, accountants and tax professionals are scrambling to get their remaining income tax returns filed on time.

The percentage of taxpayers who have filed their tax returns reached 97% by yesterday, with the new deadline set for August 2.

In total, some 6,235,000 taxpayers have already filed tax returns.

The August 2 deadline also applies to those who wish to correct their return by filing an amendment.

The Ministry of National Economy and Finance has announced a one-day extension to the deadline for filing tax returns.

Specifically, millions of individuals have until August 2 to correct any errors or omissions on income tax returns they have already filed, if they submit amended returns by that date.

A retiree was informed that his tax return (as he had chosen) had automatically been filed and that he would have to pay income tax of €9,809, an amount apparently not attributable to his income. What had happened? Because of purchases he made last year he got caught in the tax pinch, he left the pre-filled return to be filed and when he saw the statement he couldn’t believe his eyes.

A record pace of tax filings by individuals this year.

Although the process of automatic finalization of pre-completed tax returns may have been completed and the relevant statements issued, taxpayers who find errors in the tax calculation have until July 26 to file amended retur

Applications for 2015-2021 and amending income tax returns are now open

Millions of taxpayers are up against potential pitfalls in their tax returns, that could lead to additional taxes. Thorough scrutiny, especially by taxpayers whose returns are pre-filled by the tax administration, is imperative, as they may be taxed not on their actual incomes but on the basis of their assets used for assessing their presumed income ("tekmiria").