A Little Taxing

’Tis the season
Your employers have filled out and distributed their paperwork, and now it's your turn. Accountants and lawyers alike are prepping for thousands of distressed adults with complicated tax returns to file. But how does the taxing process actually work?

You’re hired!
Once you and your employer have agreed on your salary, you have to fill out a W-4, which helps determine how much you’ll be taxed. The IRS recommends a review of this form each year.

W-2 woes
Your employer is required to send you a form, usually a W-2, by Jan. 31. This form details how much money you made during the past year and how much federal tax was withheld from your income.

You have two and half months — go!
April 15 is the deadline to fill out and return your taxes to one of the IRS service and processing centers. Most of the information from this will be used for your state form, but you’ll probably need to add some more information.

It’s in
Once the IRS receives your tax returns, all of the information you provided will be keyed in or electronically filed.

That’s my money!
If you are due a tax refund (most people are), you will be sent a check in the mail. If you use e-File or TeleFile, which is available from most tax filing services, your refund can be direct-deposited into your bank account.

Source: www.howstuffworks.com