Deadline approaches for tax season

We Asked People What They Know About Taxes. See If You Know The Answers

In fact, the tax burden on most American workers hasn't budged much over the last two decades, despite tax cuts under former President George W. Bush and upper-income tax hikes under former President Barack Obama.

The world boxing champion was elected to the Senate a year ago after a two terms as Sarangani congressman. The Internal Revenue Service collected 29 million individual returns between April 8 and April 22. This means the average driving family pays $400 a year in gas tax. The usual April 15 deadline fell on Saturday this year, which would normally give taxpayers until at least the following Monday.

If you are getting a refund, you don't need an extension, but what are you waiting for?

"We actually have about 50,000 fewer who have filed as of today compared to a year ago", said Rauschenberger. In past decades, post offices would be mobbed with long lines on the night of the deadline. Retirees often draw income from a variety of sources; some of these sources are exempt from federal taxes, while others are fully taxable, and still others may be taxed in part.

You may be in a tough spot, but you're in good company.

The IRS expected to receive about 18 million individual income tax returns for the week ending April 15, with about 16 million filed electronically.

Take advantage of free tax services. A big challenge, according to CEO Kenneth Lin, is predicting what end-of-the-season demand would look like. "We owe you a small refund, and we'll put it in your bank on April 1, '" Reid says. We could check their numbers, add or subtract from them as warranted and be done with it, instead of enduring an expensive (if we must hire a tax preparer, as I do) and time-consuming experience no one enjoys. W.; Rainbow Senior Center at 211 N. Third Ave.

Taxpayers who haven't gathered all the proper information to file a complete and accurate return can apply for an extension. "These changes in the incentives to work and invest would greatly increase the US economy's size in the long run, boost wages, and result in more full-time equivalent jobs". Requesting an extension to file a Vermont personal income tax return does not extend the period to file the homestead declaration. In other countries, IRS agents have baseball caps and T-shirts, they have bands and slogans, and they brag about it and they're very respected people.

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A return filed in a rush now is likely to include errors or be missing some information.

Now you may be thinking: "How can I pay my taxes if I haven't calculated my final bill?"

The IRS will not forget about your dues, so make sure you address them promptly.

Planning to mail in your tax return?

Technically speaking, you don't need an actual reason to file for a tax extension. But in the end, you probably want to anyway.

Finally, there are the outlaws. The number of people audited by the IRS in 2016 dropped for the sixth straight year, to just over 1 million.

Taxpayers who don't qualify for any of these three special situations can still get more time to file, but they need to ask for it.

The interest on your late taxes will accumulate as tax debt until you pay the IRS in full. While employers rarely neglect to send out W-2s, 1099s are a different story.

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