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Deadline to File Taxes or Request Extension on Tuesday

17 April 2018

If you still haven't filed, you are not alone. Almost 40 million Americans have yet to file their federal returns, the IRS says.

Some are income basic but it's only a little bit throughout the year, so I think it's good that everybody looks forward to that refund.

Since Monday is a holiday in Washington, D.C., everyone has until the Tuesday, April 17th, and while the heat is on, rushing on your taxes is risky.

Jim Schnell, the head of the tax department at Mengel Metzger Barr and Company, says it's important to either submit your taxes or file an extension by tomorrow's deadline.

If you owe money, you'll need to get that in by Tuesday as well or else you can expect to pay late payment penalties. Having this option available cuts down on the time it takes for taxpayers to file this information and reduces Social Security's cost in processing these forms. More than 79.1 million refunds have been issued, averaging $2,864, or $13 more than past year.

Low- and moderate-income taxpayers can get help filing their tax return for free.

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NOTE: We've reminded you, and we'll tell you again to save you the penalties and fees: The IRS wants its money, even if you're filing an extension. Now, after months of debate and questions about exactly what the implications of digital currencies are for USA tax filers, tax day is approaching.

For most people not covered by a retirement plan at work, a deductible IRA Contribution can be made for the calendar year 2017 if the contribution is completed by April 17, 2018. "And we also appreciate the time and attention taxpayers take as they prepare and file their taxes". CBS News reports that around 50-million taxpayers have actually spent the past week scrambling to file their returns.

An extension can give you extra time to review IRA conversions to a Roth IRA.

You can find the extension forms here.

Two Plainfield tax preparers were arrested on Friday on charges of filing scores of fraudulent tax returns, according to U.S. Attorney Craig Carpenito.

Individuals can file an extension easily.

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For those not well-versed on all things taxes, the extension is filed with IRS Form 4868.

According to tax professionals, the IRS will never demand immediate payment or threaten to call police or immigration or ask for unusual payments, like gift cards or wire transfers.

Go to IRS Direct Pay to pay online directly from a checking or savings account. For 2014 tax returns, the window closes April 17, 2018.

"Beyond a 10-percent grace, you're looking at penalties and interest if you have underestimated and underpaid that tax due", Walser said.

Typically, the IRS will send a notice in the mail.

For example, you're an individual with a $150,000 tax liability, so you painfully pay $100,000 and then finance the remaining $50,000 by using and managing future cash flows and crypto appreciation. Most of the post offices in the Fresno area are not staying open later so be sure to check the times to get those papers in before they close.

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Fill in all requested Taxpayer Identification Numbers, usually Social Security numbers, including all dependents claimed on the tax return.

Deadline to File Taxes or Request Extension on Tuesday