Income tax filing deadline Tuesday

Income tax filing deadline Tuesday

Income tax filing deadline Tuesday

Here locally, all taxes and extension requests have to be filed by late afternoon, as opposed to the midnight deadline seen in larger cities.

So everyone has until Tuesday April 17th to file their taxes.

If your taxes aren't filed by the deadline, there's one last option that can save some serious headache.

Use the right rows for your income and filing status when determining your tax rate on the tax table. With that much money at stake, it would only make sense that crypto holdings will start to become a major focal point in IRS audits. "And if you don't make that payment, you can have a penalty and interest charges racking up for those six months", tax attorney Rebecca Walser said.

According to the IRS, which has provided guidance on Bitcoin (BTC) transactions for more than 4 years, is considered to be property. Not sure where to mail your federal tax return?

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.

Lawmakers will vote on the House floor on Tuesday as members of the House Oversight and Government Reform Committee hold an oversight hearing on the IRS.

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Falsely padding deductions: As always, the IRS will be reviewing returns to watch for those taxpayers that are padding deductions in order to pay less tax.

Clisham said many taxpayers he has worked with have had questions about the new tax laws passed in 2017 and how they will affect what is owed next year. Once your return is filed with the IRS, the information - most notably your Social Security number - is locked and can not be used by anyone who might want to fraudulently claim a tax refund. A failure-to-pay penalty is a half-percent per month of the unpaid taxes. An online payment plan can be set up in a matter of minutes. They are secure and easy and taxpayers receive immediate confirmation when they submit their payment.

Who pays taxes, and when? .

Electronic methods can be used on all 1040 Series forms, but not all tax forms or taxes can be handled through electronic payments.

For further help and resources, check out the IRS Services Guide.

If one owes money, the IRS isn't almost as gracious when it comes to the deadline.

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