Tuesday is final day to file taxes on time

Tuesday is final day to file taxes on time

When it comes to filing an extension, the IRS predicts to see around 11-million extension requests. We bring you expert coverage on the news and information you care about in easily accessible ways.

"While you can extend the time to file your taxes, the government still does expect you to make a payment to what your estimated tax liability may be".

"The extension is only to file", Dejean said.

If you are due a refund, the sooner you file, the sooner you'll get it. Specifically, if the IRS has found an error on your return or requests more information from you.

Some military personnel are automatically granted extensions.

Brokerage firms also may have issues in preparing their 1099s for clients. So, while it might be too much to ask people be happy filing their taxes this year, we can at least be happy knowing we will never have to file under this tax code again. But most of you reading this article probably are.

"If you file for an extension until October 15, you actually have to pay something today", he said. The IRS tries to meet their audit targets by starting earlier in the year.

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If you are self-employed, you may want to fund a SEP-IRA, solo 401 (k) or Simple-IRA plan. "However, an extension to file is not an extension to pay any taxes owed".

Meaning, use your tax return as a learning experience and always be on the look out for thieves posing as the IRS who pressure you into sending them money.

Tax Day is on Tuesday whether you owe money or you're getting a refund, some companies are offering some great deals for Tax Day.

Well, you are in luck since you'll be able to get free food and beverages at certain places on Tuesday, April 17. Your payments are still due by April 17.

A delinquent tax return or late payment can result in dire consequences, such as, collection activity, a lowered credit score, the loss or revocation of your passport, driver's license, and professional license or business license. If you do not file an extension, the penalty for filing late is even higher at five percent per month.

BJ's Restaurant & Brewhouse: The day after Tax Day is the chain's Free Pizookie Day.

Alternatively, people can complete a paper copy of Form 4868 and mail it to the IRS.

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