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UGH Filing
Tax Law...huh?
Fraud, oh no!
Rollin' in the Refunds
Facts, Facts, Facts
100
What is the easiest and cheapest way to know which forms to use?
Online tax filer like Turbo Tax!
100
What is the NORMAL tax filing deadline?
April 15th but this year it's April 17 because the 15th is a Sunday.
100
How much tax refund fraud was attempted in 2015?
$14.59 billion
100
How much does the IRS have in unclaimed tax returns?
$1.1 billion
100
In New Mexico, at age are you exempt from paying taxes?
100 years old!
200
What percentage of taxpayers are expected to file their taxes online?
80%
200
When was income tax first instated in the U.S.?
In 1861 to fund the Civil War and then was made permanent in 1913 with the 16th Amendment to the Constitution.
200
How does the IRS communicate with people?
ONLY via mail- never by phone, email, or text.
200
How SHOULD you use your tax refund

Save!

Buy something needed!

Pay down debt!

200
How many trees does the IRS use to mail out information and correspondence
300,000 trees for 8 billion pieces of paper!
300
How does the government know how much to take out of your paycheck for taxes?
A W-4 form that you fill out when you're employed that tells the government your "withholdings" or how much you want to pay in taxes.
300
When does the new tax law go into effect?
January 1, 2018 so it will affect your 2019 tax filing and return.
300
What information should you protect the most to prevent fraud?
Social Security Number
300
Can undocumented employees receive refunds?
Yes- like any other American, they pay taxes so they get a refund if they have an ITIN.
300
How many pages does the EASIEST form 1040 EZ have in instruction?
33!!
400
How do you send in your tax forms once you've filled them out?
A tax software or professional will send them in for you; if you do it by hand, you will send it in via mail.
400
Who pays income tax?
EVERYONE
400
What happens if someone fraudulently files your tax return before you?
The IRS opens an investigation and it delays your return.
400
Why do employees receive tax refunds?
We pay the government too much throughout the year!
400
How much are bagels taxes in New York?
None for uncut bagels, but 8 cents for altered bagels!
500
How do deductions and credits help you?
Save you money by taking money off the amount you in taxes!
500
When was the first efile submitted?
January 24, 1986.
500
How much more likely are you to make an error if you submit paper forms?
41 times more likely!
500
What is the average refund and how long will it take you to get it?
$2,897 and 21 days!
500
How many words are there in tax law and regulation?
7 million words!