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Old 02-26-2014, 07:03 PM
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Silly question? Filing 1096 before 1040 and Schedules Due dates

If 1096's are due at the end of February (in 2 days actually) and personal/business filing (1040's, schedules, etc.) aren't due until April/end of March, if I send in my 1096/1099's via mail in Feb, come "tax day" ,how do I include those expenses as "costs"?.... do i just "enter them in where asked (i use turbo tax) and assume the burden of proof is already handled (filed rather) at that time?

Hope this question makes sense

thanks!



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Old 02-27-2014, 12:04 PM
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Join Date: Oct 2010
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Quote:
Originally Posted by bhernandez123 View Post


#1;If 1096's are due at the end of February (in 2 days actually) and personal/business filing (1040's, schedules, etc.) aren't due until April/end of March, if I send in my 1096/1099's via mail in Feb, come "tax day" ,how do I include those expenses as "costs"?....


#2; do i just "enter them in where asked (i use turbo tax) and assume the burden of proof is already handled (filed rather) at that time?

Hope this question makes sense

thanks!
#1; In essence, you are entitled to deduction for the costs on 2014 return NOT on 2013 return since you piad the costs in Feb 2104,NOT in Feb 2013.One of the exceptions to this rule is the tuition and fees deduction, which allows you to claim qualified education expenses from the previous year as long as they were for school sessions that began in Jan-Mar of the next year .you are currently filing return.


#2;as mentioned above.
Generally speaking, you cannot deduct expenses from this year on last year’s tax return. You can only deduct expenses in the year that you paid them.



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