The IRS continues to encourage taxpayers to file electronically.
Chris Harper, an Instructor at Grand Valley State University and senior manager with Hungerford Nichols joined My West Michigan with some last minute tax tips. For more information about the special tax rules for US taxpayers overseas, see Publication 54 on IRS.gov.
Bill Keegan of Vallejo’s Keegan’s Tax Finance says he’s busier than ever.
“Some people, such as students and part-time workers, may not have filed because they had too little income to require them to file a tax return”, the release said.
Keep a copy of the return. No evidence shows the IRS selects immigrants’ tax return for additional review, but with deportation fears so high, some may be concerned nevertheless even though paying taxes is a legal requirement.
You encounter a new tax situation and realize you need professional help to sort it out. You can find guidance on the Internal Revenue Service’s (IRS) website, www.irs.gov, to choose which forms are right for you.
Make sure you file your return by the October 16 extended deadline. While software catches and prevents many errors on e-file returns, math errors remain common on paper returns, according to the IRS.
The IRS encourages taxpayers to file electronically.
It is better to extend than to file an incomplete return.
Filing an extension can bring you peace of mind and keep you from making potentially costly tax mistakes. “We also have to verify that there are children in a home and verify that there are dependents in a home”.
This year’s Tax Day falls on Tuesday April, 18 and you have until midnight that day to submit your return. In most cases, they can apply for an installment agreement with the Online Payment Agreement application on IRS.gov.
For virtually anyone who files late taxes, forgetting to request an extension is a huge no-no.
Consider filing an extension. Taxpayers may also make an electronic payment and designate it as a “Form 4868” payment. Whether you file on the due date or the extension due date does not matter as much as that.
If you are simply in a short-term cash crunch and simply need a 30-day window to pay off what you owe in full, you can file your return by April 18 and just pay what you can. Any of these issues can be handled by visiting IRS.gov, eliminating the need to travel to an IRS office. All IRS Taxpayer Assistance Centers now operate by appointment. By working with the IRS, taxpayers may reduce or eliminate their penalties. Her research includes the evaluation of different tax systems, the (unintended) impact of new tax legislation on different types of taxpayers as well as their effect on stock market and the economy in general.