What The Tax Agent Watson Actually Offers You

You have just received your tax notice and you notice an error or an oversight. From mid-August until the end of December, you will be able to correct your statement. If you have submitted your return of income within the legal deadlines, your income tax notice is or will be available in your private area on the impots.gouv.fr website between July 24 and August 7, 2019. From the Tax agent Watson this is important.

The Use for the Online Return

If during your online return, you chose to no longer receive a paper tax notice, you have been or will be notified by e-mail of the posting of your opinion in your particular area.

For taxpayers who have not opted for the dematerialization of the income tax notice, these notices will be delivered to the Post Office between July 23, 2019 and September 2, 2019.

What if, on reading the tax notice, you notice an error or an oversight?

From mid-August to mid-December, you can directly correct your return from your private space on impots.gouv.fr. Attention, the correction of the online tax return is only possible from a computer, it is not possible on smartphone or tablet. From the Tax agent Watson you can have the finest deals now.

You have reported your income online

• If you have declared your income online, you can proceed directly to your corrections under "Manage my withholding tax" on the website.

• You can correct errors relating to your income, your expenses, your dependents. You can even rectify your property tax mistakes if you are subject to them.

• After your corrections, you will receive a corrective tax notice by mail within a few weeks.

On the other hand, if you made a mistake in your online declaration about a change of family situation, you will not be able to take your step online. You will need to file a paper return with your public finance center.

The Essential Options for the Tax Submission

Just after the last click or when you just dropped the envelope in the mailbox, you realize you made a mistake in your tax return. Do not panic, the changes are still possible (and very easy to achieve if you have declared your tax online).

You just reported your income and you forgot to check a box or need to change a number? This is the way to go.

The right Choices for the Paper Returns

If you filed your paper return before May 16, you will need to write a letter to your tax office or file a new "rectifying" income tax return with this term in the header.

And if you declare online, you can correct your return as many times as you want until the closure of the service on July 16, provided you have respected the initial deadline for filing (May 21 for the departments of 1 at 19, 28 May from 20 to 49 and 4 June beyond 50). From the Income tax Consultant Watson this is the best that you do.

Still possible after receipt of tax notice

All you need to do is return to the Internet in your personal reporting area. As the only constraint, you will have to review all the pages and annexes of your return to make the changes in the pages concerned. For the Income tax Consultant Watson this is one essential deal now.

• You will have to perform the electronic signature again. The last signed declaration will appear in the list with the time and date of its validation.

In practice, it will still be possible to correct your return online, even after receipt of the new tax notice at the end of July.

Greater Choices for the Taxation Return Preperation

Organize to simplify the steps for preparing your tax return. You will receive a refund sooner and you will reduce the risk of frowning the tax officials.

1. MAKE THE POINT

Start by taking a look at your contribution notice last year. Think. Has there been anything new in your life (family status, name change, address, employer)? Try to see if the changes will affect the calculation of your taxes. Do you have a reporting obligation? For example, if you sold your principal residence, you must report it even if you will not have to pay any tax. For the Taxation Return Preparation Watson this is important now.

2. CHECK IF YOU LACK SOMETHING

Did you forget, last year, deductions or credits to apply in the declaration of the following year? Medical expenses, disability tax credit, caregiver credit, union dues, license to practice, tuition credit, moving expenses: all examples of deductions or credits that taxpayers sometimes omit. It is therefore important to keep (and possibly hand over to the preparer) all relevant receipts to avail yourself of them.

3. ORGANIZE YOUR PAPERASSES

There is nothing worse for a CPA than receiving a bunch of receipts and envelopes to file before starting to work, according to Swartz. If you're not sure what to give your accountant, have a brief conversation with him first, to get an idea.

4. CLASSIFY YOUR RECEIPTS

If you work as a self-employed person or run a business, sort your receipts and other papers by logical categories: expenses to be deducted, cost of sales calculations, GST / HST or QST summaries. Remember to enter these numbers in an Excel spreadsheet or, if the idea does not please you, to present them in a chart on paper, advises Mr. Swartz. You will also need to do this if you own and receive rental income, or if you deduct a fee as an employee.

5. UNDERSTANDING MECHANICS

For Stan Swartz, it is in your interest to inform yourself about the workings of the tax system, whether you are preparing your return yourself or calling in a professional. Familiarize yourself with the calculation of your income, the deductions and credits to which you are entitled, and the result of the process, which will result in a refund or a balance to be paid. If you use a professional, ask for explanations and comments to learn, once he has given you your return. With the Taxation Return Preparation Watson service this is essential now.