Filing the annual IRS return begins April 1, but before then, taxpayers must complete several steps that may affect the amount of tax they owe, such as reviewing invoices and updating the aggregate amount.
The next stage of annual return preparation ends on the 15th of that month, the date by which taxpayers can update (or confirm) their household composition with Tax and Customs (Tax and Customs), thereby ensuring the IRS settlement takes into account any household changes that have occurred over the past year.
This message is especially relevant when there have been changes in the household during the previous year due to death, marriage, divorce, adoption or birth of children, change of parental arrangement, change of permanent residence, or because one of the dependents is no longer sufficient adult to be considered as such.
If this information is not updated, AT takes into account the personal and family information contained in the IRS return filed last year.
Another of the deadlines, which also ends on February 15, concerns the reporting of educational expenses in educational institutions located in the interior or autonomous region, as well as rent for moving to a permanent place of residence inland.
The deadline for review, registration and confirmation of invoices in which the NIF is inserted and which will be used to calculate tax deductions ends on February 26.
This check is necessary because it allows the detection of invoices that, despite the presence of the consumer’s NIF, were not transferred to e-fatura or because they were not directed to the type of deduction to which they relate.
There are also situations in which invoices remain outstanding (because whoever issued them has more than one economic activity code – CAE), so the expense in question is for IRS purposes only if the taxpayer goes to the Financial Portal and associates it with the corresponding deduction . typology.
Employees with public activities under Category B must also indicate whether the invoices to which they have linked their NIF are related in whole or in part to their activities. If they don’t do this, the invoices will remain “pending” and will not be taken into account.
This entire procedure should also cover dependents’ invoices, since they are all relevant to calculating deductions that reduce the IRS.
Subsequently, from March 16 to March 31, you can check expenses for tax deductions and general family expenses, and you also have the opportunity to complain to the AT if omissions or inconsistencies are found.
However, it should be noted that for health care, training and education expenses, and property and home expenses, taxpayers may waive the values determined by the AT and declare the corresponding amounts on Schedule 6C of Schedule H of IRS Model 3. . However, in this case, invoices must be kept for four years.
You can start filing your IRS return on April 1st and the deadline is June 30th.
Author: Lusa
Source: CM Jornal
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