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FAQ

When should a student fill out the FAFSA?
It is best to file the Free Application for Federal Student Aid (FAFSA) as soon as possible on or after the October 1 start date. The FAFSA becomes available each year on the October 1 before the start of the academic year. (Previously, the FAFSA had a January 1 start date. This changed to October 1, three months earlier, starting with the 2017–2018 FAFSA.)Students who file the FAFSA earlier may qualify for more financial aid.A dozen states award state grants on a first-come, first-served basis, until the money runs out. In most states the funds are depleted within the first 2–3 months.A dozen or so additional states have February or March deadlines for state grants.Students who are applying early action or early decision should file the FAFSA sooner, so that they can get an actual financial aid award letter with the early offer of admission.Some colleges have very early deadlines for their own financial aid funds. Other colleges have two deadlines, and there is a larger pool of funds for students who apply by the priority deadline.Colleges have fixed allocations of campus-based aid funds, such as the Federal Supplemental Educational Opportunity Grant and the Federal Work-Study Program. Students who apply earlier are more likely to be awarded campus-based aid.Most families will have already filed federal income tax returns by the October 1 start date, so filing the FAFSA earlier is easy.
Which forms do I fill out for taxes in California? I have a DBA/sole proprietorship company with less than $1000 in profit. How many forms do I fill out? This is really overwhelming. Do I need to fill the Form 1040-ES? Did the deadline pass?
You need to file two tax returns- one Federal Tax Form and another California State income law.My answer to your questions are for Tax Year 2018The limitation date for tax year 15.04.2018Federal Tax return for Individual is Form 1040 . Since you are carrying on proprietorship business, you will need to fill the Schedule C in Form 1040Form 1040 -ES , as the name suggests is for paying estimated tax for the current year. This is not the actual tax return form. Please note that while Form 1040, which is the return form for individuals, relates to the previous year, the estimated tax form (Form 1040-EZ ) calculates taxes for the current year.As far as , the tax return under tax laws of Californa State is concerned, the Schedule CA (540) Form is to be used for filing state income tax return . You use your federal information (forms 1040) to fill out your 540 FormPrashanthttp://irstaxapp.com
Do I need to fill out a W-9?
An employer will request a W-9 form of Independent Contractors so they can report the payments to the IRS at year-end.  Generally, a 1099-MISC is completed by the employer and submitted to the IRS and State tax agencies only if the amount of payments made to that contractor exceeds $600 for services on an annual basis.  It is common to request the W9 in advance, just in case you break that minimum threshold in the future.  You will know if they reported $45 to the IRS because you will also receive a copy of the 1099 and can act accordingly. Hope this helps!
When is it mandatory to fill out a personal financial statement for one's bank? The form states no deadline about when it must be returned.
The only time I know that financial statements are asked for is when one applies for a business or personal loan, or applying for a mortgage. Each bank or credit union can have their own document requirements, however for each transaction. It really is at their discretion.
When do I have to learn how to fill out a W-2 form?
Form W-2 is an obligatory form to be completed by every employer. Form W-2 doesn’t have to be filled out by the employee. It is given to inform the employee about the amount of his annual income and taxes withheld from it.You can find a lot of information here: http://bit.ly/2NjjlJi
What is the deadline for filling in Form W-9?
In general, the company asking you to complete Form W-9 has made a payment to you and is likely required to file an information return with the IRS to report this payment. Form 1099-MISC is an example of an information return. In order to complete the information return and communicate your identify to the IRS the company will need to obtain your Taxpayer Identification Number (TIN). The IRS has created Form W-9 as the process for companies to obtain TIN numbers from those they are making payments to.There is no deadline to complete a Form W-9. However, companies are required to withhold 24% of any payment and remit it to the IRS if you do not provide them with a completed Form W-9. Therefore, most companies will hold payment until they receive a complete Form W-9 in an effort to avoid withholding 24%.For more information on the Form W-9 process see https://www.w9manager.com.