IRS Taxes - Benefits of Filing a Tax Return

Whether you are a US citizen or a non-resident (such- If you do not file your tax return civil penalties may be
as ten of thousands of students on a Work andimposed. These can be a deducted refund or in cases
Travel program), you will be paying four types ofwhen you owe the IRS - taxes you need to pay will
taxes in the US.be forever assessed with interest and penalties.
If you have worked temporarily in the USA you have- If you are a US resident criminal charges may be
most likely overpaid these taxes and are due a taxbrought against you. Not filing a tax return is a criminal
refund. The IRS reports that over 80% of alloffense punishable by one year in prison for each
taxpayers receive a tax refund.unfiled year and a fine of $25000 each year.
At the end of the tax year you have to file a US tax- If you need to pay taxes and you filed your tax
refund to the IRS (Internal Revenue Service) - even ifreturn but did not pay them, there is no criminal penalty.
you were only in the US for a few months. In theTherefore, filing an IRS tax return will most likely to get
United States, the tax year ends on the 31st ofyou money back and will avoid legal problems in the
December and IRS tax refunds need to be filed by thefuture with visas and penalties.
15th April of the following year to avoid penalties.Preparing and filing a US tax return involves tedious
IRS Tax Returns Explainedwork. Dealing with piles of complicated forms and
- If you earned above $3500 in 2008 or $3650 in 2009,documents is both confusing and time-consuming. To
you are obligated by law to file a USA tax rebate tosave this hassle, many people chose to get a tax
the IRS at the end of the tax year. The US taxrefund company such as to file their returns on their
authorities are very strict and so you should always filebehalf. Please note that if you are a non-resident you
a tax return to avoid any unnecessary problems withare not allowed to e-file your tax return.
US visas in the future.