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Delayed deadline for filing tax returns this year - Tuesday 4/18
17 April 2017, 02:23 | Jan Cross
Deadline for filing tax returns is April 18 this year
You can request an installment agreement with the IRS that lets you make monthly payments.
When you seek a tax extension deadline, 2017 rules require you to first take a few preliminary steps. "We are appealing to all taxpayers to do their part of paying their taxes", he said.
Have you done your taxes yet?
"The extension to file is not an extension to pay for those taxpayers who owe the IRS money".
Mail your completed tax extension form for 2016 to the IRS or file the form electronically by using an IRS e-file form. The form must be mailed to the IRS with a postmark on or before April 18. Submit an estimated tax payment with the Form 4868.
However, they urged taxpayers who choose not to do online filing to head to the BIR district offices to avoid the last-minute rush of taxpayers before the close of business.
This way they won't have to file a separate extension form and will receive a confirmation number for their records.
This year's deadline for filing of income tax returns was moved to April 17 from April 15 because of the Holy Week holiday.
Although individuals outside the United States receive an extension of time to file and pay their taxes, they are charged interest at the rate of four percent per year compounded daily on any taxes owed after April 18.
The process and requirements for filing for a state tax extension vary.
Taxpayers should keep a copy of tax returns and supporting documents.
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Children, 12 years old and younger, were divided into age categories of 4 and under, 5-8yrs old, 9-12yrs old. The free event is featured amusements for the entire family.
So, by law, the filing deadline was extended until Tuesday.
Tax extension guidelines vary by state, though, so you should contact your local state tax authority to get instructions and details.
The penalties for late payment after 5 p.m. Monday: a 25 percent surcharge, a 20 percent interest per year on your tax due, plus a compromise penalty fee.
Most taxpayers can qualify for the general automatic tax extension from the IRS if they can't file their tax returns by the due date.
The services are open only to individuals and households who earned no more than $60,000 in total income past year.
This extension also provides the taxpayer additional time to contribute to an IRA. These extensions also apply to how long the taxpayers have to contribute to their individual retirement accounts for 2016. Taxpayers who reside in certain portions of Louisiana have until June 30, 2017, to file and pay their 2016 tax return.
Wisconsin taxpayers need to file for an extension and can use the federal extension form to do so - though taxes are still due Tuesday.
Another tip: know when to see a tax expert.
If you believe that you have reasonable cause for seeking a tax-filing extension, attach a form explaining your reasons to your federal tax extension form.
"Getting your taxes won means getting every credit and deduction you deserve".
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