Tax deadline looms but don't panic
- Author: Michelle Webb Apr 17, 2018,
Apr 17, 2018, 10:44
That may mean that much of the $25 billion in capital gains taxes that Americans are estimated to owe on their digital currency holdings which will go uncollected.
The Arizona Department of Revenue is reminding the public that the deadline for taxpayers to file taxes is Tuesday.
Ahead of tax day, there is a new scam going around that directly targets your refund, especially if you use a tax preparer.
Rauschenberger says in North Dakota 85 percent of taxes were filed electronically, because it's easier and faster for some, including Jim Schulz. In fact, an extension gives you the time you need to make sure your tax return is complete and accurate, which should result in lower chances of an audit.
But many will see a refund from the IRS. Sickness, death, births, divorces, unexpected job changes, and natural disasters all can stop you from focusing on your tax return.
According to H&R block, 61 percent of millennial's file their taxes on their own.
"Remember, if an extension is granted, it only extends the time a customer has to file, not the amount of time to pay taxes owed", said Krupp. Doing so - whether through e-file or IRS Free File - vastly reduces tax return errors, as the tax software does the calculations, flags common errors and prompts taxpayers for missing information. In 2016, taxpayers in the top tax bracket (income level) paid a tax rate of 39.6 percent, according to the Tax Policy Center; they included some 860,000, or 0.5 percent of the total number of US households.
German police arrest man suspected of planning attack on Berlin half marathon
The attack is the latest in a string across Europe in which vehicles have been used to ram into crowds of people in public places. Officers have been searching the man's four apartments - two in Munster and two in Saxony - as well as several cars.
Visit irs.gov for information on how to file extensions or establish a payment plan.
Generally, the failure to file penalty is far greater than the failure to timely pay penalty. Penalty for late payment. It's time to pay Uncle Sam.
Alternatively, taxpayers can request a payment agreement by filing Form 9465, Installment Agreement Request.
The bill would also eliminate the IRS Oversight Board, a nine-member panel that determines whether the agency's structure and management allow it to carry out its mission.
If one owes money, the IRS isn't almost as gracious when it comes to the deadline.
Pay by Check or Money Order.
In 2015, the nonpartisan Government Accountability Office noted the IRS effort to update the Electronic Fraud Detection System is over budget by more than $86 million.