Tax Season

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Dictionary Says

Definition of 'Tax Season'

The time period between January 1 and April 15 of each year in which individuals traditionally prepare the previous year's financial statements and reports. In the United States, individuals must file their annual tax return by April 15 of the year following the reportable earnings.

During tax season, businesses must furnish employees, contract laborers and others, such as royalty earners, with tax documents specifying data required to complete individuals' tax returns. People who are required to file a tax return must do so by April 15 or request an extension.

Investopedia Says

Investopedia explains 'Tax Season'

Tax season is the busy season for many tax preparers and accounting professionals. This three and a half month period is the time that people collect the necessary paperwork, including wage and earnings statements (such as 1099s or W-2s) and assemble tax returns.

While some individuals calculate their own tax returns, many rely on the expertise of tax preparers and accounting professionals to be certain the paperwork is filed correctly and to improve the financial outcome of the tax return. Individuals must file federal, state and, in some cases, local tax returns.

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Search results for

'Tax Season'

  • Next Season, File Taxes On Your Own

    http://www.investopedia.com/articles/tax/08/filing-income-tax.asp
    ... Guide If tax season had you tied up in knots this year, you're probably glad it's
    over - but you can prevent the same thing from occurring again next April. ...

  • H&R Block Awaits Tax Season

    http://stocks.investopedia.com/stock-analysis/2009/HR-Block-Awaits-Tax-Season-HRB-JTX-INTU1209.aspx
    ... Article; Comments (0). H&R Block Awaits Tax Season.
    Posted: Dec 09, 2009 15:11 PM by Sham Gad. ...

  • How can I easily get ready for next year's tax season?

    http://www.investopedia.com/ask/answers/07/taxtipseason.asp
    You may one of the lucky ones to come out on top this tax season, but as you will
    likely agree, it does not mean that you should rest on your laurels. ...

  • How To Calculate The Tax You Owe

    http://www.investopedia.com/video/play/How-to-Calculate-How-Much-Tax-You-Owe
    Learn the basic information you need to calculate the taxes you'll owe
    the government this tax season. Sign In• Register• Free ...

  • 10 Money-Saving Year-End Tax Tips

    http://www.investopedia.com/articles/pf/06/YearEndTax.asp
    ... minimize taxes. In this article, we provide some tips that can help you make
    the best of the upcoming tax season. Tutorial: Personal ...

  • 10 Most Overlooked Tax Deductions

    http://www.investopedia.com/articles/tax/09/overlooked-tax-deductions.asp
    The receipts you cram into your wallet could be replaced with cash come tax season. ...

  • Taxing Times For Divorced Parents

    http://www.investopedia.com/articles/pf/08/dependent-tax-credits.asp
    ... March 07 2012 | Filed Under » IRA, Personal Finance, Taxes. Tax season is stressful
    for virtually everyone, but divorced parents face additional burdens. ...

  • 5 Last-Minute Ways To Maximize Your Tax Deductions - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/1211/5-Last-Minute-Ways-To-Maximize-Your-Tax-Deductions.aspx
    ... of deductions. Don't cheat yourself out of deductions that you deserve
    because you didn't prepare for the tax season. (For more ...

  • Tax Tips For The Individual Investor

    http://www.investopedia.com/articles/01/112801.asp
    ... Keep accurate records of your reinvested dividends and review the tax rules
    applicable to your situation every time tax season comes around. ...

  • Should You File An Early Tax Return?

    http://www.investopedia.com/articles/tax/09/file-early-tax-return.asp
    ... Tax forms for the current year may not be available if you file in December
    and updates sometimes occur during the tax season. Legislation ...

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