Double-check to make sure that you sign your form.
When you file for an extension, make a good estimate of what you owe the IRS and send some or all of that amount along with your extension request in April. If you are single, and they go after your pay, you could be left with just $201 a week for living expenses, McKenzie said. If you receive a notice or letter from the IRS indicating that more than one tax return was filed in your name, respond immediately to the IRS employee whose contact information was provided. Also keep records of reinvested dividends that you've already paid taxes on so you won't be taxed on them again when you sell the stock.
"The interest runs until you pay the tax".
More than 5,000 taxpayers have wired funds or purchased some sort of cash card to pay for a bogus tax bill that never existed. Social media provides more channels for you to access useful information and advice regarding your taxes, and allows you to address questions without burning up your cell phone minutes while waiting on hold.
Examinations and Appeal Rights, discusses general rules and procedures that the IRS follows when examining employment tax returns. That normally would mean that the deadline would be pushed to April 17. But the IRS announced that the agency would return any newly filed Offer in Compromise application received on or after March 27 if you didn't file all required tax returns.
You may be able to get an extension on filing your taxes for up to six months under certain circumstances, such as death or illness of family members, natural disasters, incomplete tax documentation, living overseas in some situations, or being deployed in a combat zone.
This year, April 15 falls on a Saturday, and Emancipation Day - a legal holiday in Washington, D.C. - will be observed on that Monday, which pushes the nation's filing deadline to April 18, a press release from the New York State Department of Taxation and Finance.
If you get an aggressive phone call from someone claiming to be from the IRS and threatening arrest, deportation or other things, get the call-back number, hang up and call your local police or sheriff's office and make a report. After filing, whether or not direct deposit was chosen, use "Where's My Refund?" on IRS.gov or download the IRS2Go Mobile App to track the status of a refund.
Some New York taxpayers subscribe to a variety of tax-related misconceptions, including ones about how to receive refunds faster. To avoid penalties and interest, pay the full amount owed by the original due date. It's a different story, though, if you owe the government. Many tax preparers are now required to use e-file.
Use electronic payment options to get an automatic extension.
Much of the drop in filings has been attributed to delays in processing refunds for those claiming the Earned Income Tax Credit and the additional Child Tax Credit.