Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

I heard that you GET an extra $1000 if you wait to do your…

Customer Question
I heard that you...

I heard that you GET an extra $1000 if you wait to do your taxes after January 31st. Is this true

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

All I know is that my employer told us to wait as you get an extra $1000 on your return if you wait. I have never heard this before. Where would the that money come from?

Submitted: 3 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 2 hours by:
1/9/2018
Tax Professional: Dr. Fiona Chen, Certified Public Accountant (CPA) replied 3 months ago
Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 944
Experience: Former IRS Revenue Agent
Verified

Dear Customer,

I have not heard of this, either. You may want to ask your employer. Are they saying that this is this year only, or are they saying that is what is for every year? If this is only for this year, some companies are going to give additional 1,000 to employees as wages. Is that what they meant? But that wages should be for 2018 under the new tax laws. I cannot think of any reason for this statement. "ou GET an extra $1000 if you wait to do your taxes after January 31st."

Regards,

Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP, IMTA

Ask Your Own Tax Question
Was this answer helpful?
Ask Dr. Fiona Chen Your Own Question
Dr. Fiona Chen
Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 944
944 Satisfied Customers
Experience: Former IRS Revenue Agent

Dr. Fiona Chen is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,451 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

56 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,124 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I have some questions about how the tax law will affect me
Hi I have some questions about how the tax law will affect me if I purchase a new home with an inlaw suite that i can rent out. … read more
Dr. Fiona Chen
Dr. Fiona Chen
Certified Public Accountant (CPA)
944 satisfied customers
I use TurboTax to get my tax returns done. What are the
I use TurboTax to get my tax returns done. What are the chances that the IRS will overturn a tax refund that they have already accepted? I see accepted for my federal, MD state, and DC returns.… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Can interest & charity donations be used on 2018 tax return?
Can interest & charity donations be used on 2018 tax return? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Canadian Tax law: Is there something in Canada for real
Canadian Tax law:Hi, Is there something in Canada for real estate like this tax loop hole in USA?In USA you can differ your taxes to a later date using your real estate investments. I need to know how… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
Error on 2014 tax return. IRS advised us of error on 2014
IRS advised us of error on 2014 tax return - we pd money owed last year. Do we need to enter anything on 2017 return to show taxes paid? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,962 satisfied customers
Is there a new tax law that you cannot claim a home office
Is there a new tax law that you cannot claim a home office on tax?Macy is regarding a one bedroom apartment in New York City.Thank you… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
The tax return software I used last year sent me a copy of
The tax return software I used last year sent me a copy of my 2016 return so i could get the AGI...but in checking it closer after 2017 return was rejected, I find that the dollar amounts on 2016 and … read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
Chad, I have a question relating to how the new tax law
Chad, I have a question relating to how the new tax law effects mortgage interest deductions.I currently own a home that i do not have a 1st mortgage on, but i do have a Heloc that has a 200,000 balan… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,082 satisfied customers
Taxes. In regards to the new tax laws. The child credit.
Taxes.In regards ***** ***** new tax laws.The child credit. Please explain. I have 4 kids. Is it a deduction or a credit. And is there a limit and I believe I read It's 2k per kid. Do you simply get c… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
The new federal tax law doubles the amount of money that's
The new federal tax law doubles the amount of money that's automatically exempt from the federal estate tax -- to roughly $11 million of an estate for someone who was unmarried. The provision remains … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
My question is regarding US tax law for overseas property. I
Hello, My question is regarding US tax law for overseas property. I am a US citizen. My husband is a UK citizen. I have no legal status in the UK. He has no legal status in the US. We live in the UAE.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
When I filed my 2016 tax return, the tax preparer used a
When I filed my 2016 tax return, the tax preparer used a form 4797 because in 2015 I sold a rental property. This was the only property I owned. I am retired & my annual income is a little over $20,00… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
New tax law —— I know that the law says: no to the
New tax law —— I know that the law says : no to the deductibility of Home Equity Loans. My question - if the funds are used exclusively or rental property and they can be traced or identified - any su… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I'm browsing for guidance on or searching for a tax/law
Hi. I'm browsing for guidance on or searching for a tax/law expert on dealing with British Virgin Island investments. My CPA has reached the end of her expertise. … read more
taxmanrog
taxmanrog
Master\u0027s Degree
915 satisfied customers
With the passage of the new trump tax law, what will be the
with the passage of the new trump tax law, what will be the best careers in accounting or finance to pursue?… read more
Dr. Fiona Chen
Dr. Fiona Chen
Certified Public Accountant (CPA)
944 satisfied customers
Interested in information about new tax laws and their
Interested in information about new tax laws and their effect on S Corporations … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
What do I need to be aware of with the US tax law whenever I
What do I need to be aware of with the US tax law whenever I am hiring someone off shores? I currently have an assistant who lives in the Philippines and my business and I are located in the United St… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Question for a Tax Attorny who Knows US tax Laws regarding
Question for a Tax Attorny who Knows US tax Laws regarding Foreign Companies ? My company is a Cayman Company (#1) (Foreign) owned by USA Citizens (2). Company (#1) filed IRS Form 8832 to be Taxed as … read more
taxmanrog
taxmanrog
Master\u0027s Degree
915 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x