Delayed deadline for filing tax returns this year - Tuesday 4/18
"You just hit send by 11:59 p.m. and you're good". The April 18 deadline also applies to homestead declarations, property tax adjustment claims, renter rebate claims, and applications for the extension of time to file a personal income tax return.
"The first thing is to resolve never to leave it to the last day again", Veldt said. Thus you could decide to keep your tax-deferred account distributions and capital gains below $13,000, and if you need more income than that, you could take a distribution from your Roth account. You don't have to pay immediately. Furthermore, if you file electronically and are due a refund, you'll usually get it in three weeks or less. Of course, to know that you have a refund coming, you need to put the work in to determine that. For 2017, taxpayers who reside in certain portions of George and MS have until May 31, 2017 to file and pay their 2016 tax return. The majority of taxpayers say they start preparing for tax season at least a "few months" before the deadline, according to a survey of 1,000 consumers last month by Adobe Digital Insights.
"I think they are listening, I have a lot of interviews encouraging taxpayers to avail themselves of the BIR's compromise program".
If you're among the millions who still haven't submitted a return by now, it's better to file for an extension instead of rushing to get it done by April 18.
When you save in a traditional 401 (k) or IRA, you don't have to pay taxes on the money you put into the account, but you do have to pay taxes on the money you take out.
Remember, if you are not ready to file, there is still something you can do.
Many federal taxpayers can file online for free at irs.gov. "If you can't do that, pay in as much as you possibly can to avoid further potential late-filing and interest charges", Speiss said.
Gillend reminds people that the IRS will never call you. "All Free File companies are evaluated and tested each year to ensure that they meet IRS standards addressing every aspect of security and privacy", he said in his statement. "It is not an extension of the time to pay". I hope they do it fast.
Said Veldt: "Run your money; don't let your money run you". Tax Day has historically been a busy day for the post office, though it has declined in recent years with more people filing their taxes online.
I can't file on time.
As the April 18, 2017 tax filing deadline quickly approaches, the Internal Revenue Service reminds almost 40 million taxpayers who have yet to file their tax returns that there are a variety of options to help them in the final days of the 2017 tax season.
Experts stress the importance of getting your taxes done ahead of the deadline.
The failure-to-pay penalty, which is the penalty for any taxes not paid by the deadline, is one-half of one percent of the unpaid taxes per month and can be up to 25 percent of the unpaid amount.
Note, however: Filing an extension gives you more time to fil, but it doesn't give you more time to pay any taxes you owe. "I'm a sort of full-time member of the tax policy community, and I still find it hard and unpleasant".