Last minute tax filing tips ahead of April 17 deadline

Credits Stock

Make your April a little less taxing. Almost a quarter of Americans wait until the last two weeks before the deadline to prepare their taxes, according to the IRS, whereas some miss Tax Day altogether.

If you do file for the extension, you are given a 6 month period to get your taxes filed.

The filing deadline typically falls on April 15. More than 79.1 million refunds have been issued, averaging $2,864, or $13 more than previous 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.

Some tax professionals believe that filing an extension will lower your chance of being audited by the IRS.

"You would be surprised at the number of taxpayers that think that", he said. When you earn enough income to put you into a higher tax bracket, only the extra income in that bracket is taxed at the higher rate, not all of your income.

Even if taxpayers are applying for an extension and they owe money, they still have to pay by Tuesday, Roseman said. Any forms must bear a Tuesday postmark or be submitted electronically before midnight to be considered on time.




It doesn't draw any attention to you.

Taxpayers are reminded, however, that an extension of time to file is not an extension of time to pay.

Qualified taxpayers can choose to pay any taxes owed over time through an installment agreement.

Tax Day is Tuesday, but if you haven't filed those W-2s and 1040s just yet, there are still a few options. Extensions will only keep taxpayers from being charged the late penalty.

Boston Market is promoting a $10.40 tax day meal that includes a half chicken with two sides, cornbread and a drink. Form 4868 grants an automatic six month extension, but it's important to note that an extension delays any refund the IRS might send.

You won't get penalized if you have a return coming your way. And accordingly, the IRS will not charge you with a late filing penalty. This must take place as part of the electronic filing process - you can not initiate EFW after your taxes have been submitted.

Related news:

Hot News

isis-killer-beheading-video-story-top How to watch SpaceX launch NASA's new planet-hunting satellite today
Apr 17, 2018 - 10:40
It's not created to find Earth-like planets, but instead, planets that are orbiting the "habitable zone" of nearby small stars. Ricker and other scientists said the planetary catalog generated by TESS could well become the guidebook for that armada.

isis-killer-beheading-video-story-top Trump lawyers fight to keep seized Cohen files out of investigators' hands
Apr 17, 2018 - 10:38
Instead, she instructed prosecutors to assemble and index the seized records and give copies to all parties in the case. Cohen's office a "fishing expedition" last week, it completely slipped my mind that my lawyer is, in fact, Michael D.

isis-killer-beheading-video-story-top Israel Offers 'Full Support' For US-Led Airstrikes On Syria
Apr 16, 2018 - 01:33
Israel said on Friday that an Iranian drone shot down in February by its air force had been fitted with explosives intended. Asked whether Israel helped choose targets, the official, who spoke on condition of anonymity, said: "Not to my knowledge".

isis-killer-beheading-video-story-top Western powers at United Nations make case for military action against Syria
Apr 16, 2018 - 01:32
President Donald Trump about the most effective response. "Could be very soon or not so soon at all!", the President tweeted. What seems to be delaying that decision is the fear a strike could spark a much bigger war than anyone wants.

isis-killer-beheading-video-story-top #Beychella: Beyoncé Creates History With Her Awe-Inspiring Performance In Coachella
Apr 16, 2018 - 01:30
However, the Someone Like You star took to Instagram to let the mum-of-three know just how much she was enjoying her performance. Adele showed she was firmly in the " Beyhive " as she shared videos of herself dancing along as Beyonce performed at Coachella .

isis-killer-beheading-video-story-top US, Allies Tell UN: Syria Strikes Legal, Justified
Apr 16, 2018 - 01:26
Damascus has denied responsibility for the incident that has widened a rift between the West and Moscow, which backs Syria's government.

isis-killer-beheading-video-story-top Ricciardo in brilliant style won the race in China
Apr 16, 2018 - 01:25
Team-mate Max Verstappen stopped at the same time - but threw away his chances with two errors caused by over-optimistic driving. When a Virtual Safety Car was called late in the race, the Australian pitted and emerged with fresher tyres than his rivals.

isis-killer-beheading-video-story-top Taylor Swift's countrified cover of 'September' is almost unrecognizable
Apr 15, 2018 - 05:09
And much to Swifties' surprise and delight, the new songs prove Old Taylor is still very much alive and kickin'. Unfortunately, Taylor Swift made a decision to cover the song and fans are NOT loving it at all.

isis-killer-beheading-video-story-top Moto G6 Play live images leak ahead of April 19 launch
Apr 15, 2018 - 05:08
The launch of the upcoming Moto G-series lineup could happen in India a few weeks after its launch in Brazil on April 19, 2018. The G6 Play will only feature a single-lens rear camera, but the fingerprint sensor moves to the back.

isis-killer-beheading-video-story-top Milos Forman, 'Amadeus' and 'Cuckoo's Nest' Director, Dies at 86
Apr 15, 2018 - 04:56
Their twin sons Andrew and James were named after Kaufman and Jim Carrey, who portrayed the madcap comic in Man on the Moon . He did not return to his homeland until 1983 when he filmed the multi-Oscar-winning Mozart biopic " Amadeus " there.

isis-killer-beheading-video-story-top Android Smartphone Makers Have Been Misleading Users About Security Patches!
Apr 15, 2018 - 04:56
Because of the structure of Android, security updates must be delivered by device manufacturers, and that can cause some delays. Taking up less than 5 MB, the app is quick to download without using much data, and takes up minimal space on users' phones.

isis-killer-beheading-video-story-top Cardi B's debut album sets new Apple…
Apr 14, 2018 - 10:31
But that kind of public scrutiny also informed Cardi B's decision to keep her pregnancy with Offset private for so long. Cardi B has shared some advice to Khloe Kardashian amid Tristan Thompson cheating scandal.

isis-killer-beheading-video-story-top Paternal grandmother had custody of child killed in Knightdale incest case
Apr 14, 2018 - 10:31
Inside a pickup truck with the window shot out, police found the bodies of Katie Pladl and her adoptive father, Anthony Fusco, 56. Capps said it was Steven Pladl's mother who called police Thursday morning and requested the welfare check on the infant.

isis-killer-beheading-video-story-top Fed Minutes to Give Clues on Officials' View of Economy, Rate Path
Apr 14, 2018 - 10:29
The increase in March was the sixth rise since the central bank began a tightening cycle back in December 2015. Any negative effects from tariffs could put the Fed in a bind, forcing policymaker to break what Mr.

isis-killer-beheading-video-story-top Netflix's (NASDAQ:NFLX) "Buy" Rating Reaffirmed at Atlantic Securities
Apr 14, 2018 - 10:27
The company has a market cap of $131,777.13, a PE ratio of 247.40, a price-to-earnings-growth ratio of 4.16 and a beta of 0.99. Lmr Prns Limited Liability Partnership has invested 0.15% of its capital in Netflix , Inc. (NASDAQ: NFLX ) for 176,434 shs.