investorschatroom.com

Finance

Don't delay: Tuesday is Tax Day

Share
The New York Times

These basic tips are created to help people avoid common errors that could delay refunds or cause future tax problems.

You can use any electronic filing method you choose, but it's worth noting that the IRS says about 70 percent of taxpayers are eligible to file their tax return at no charge by using IRS Free File software. Doing so will give them until October 15 to file but doesn't give them more time to pay.

The IRS said US citizens living outside the United States have until June 15 to file.

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

Filing for an extension does not extend your tax liability payment.

Those set to receive a refund from the IRS face no penalty for filing late with extension, but those who owe the IRS are urged to either pay as soon as possible or make arrangements with the IRS.

IPL: AB de Villiers smashes 57 to help RCB beat Kings
Kohli's wicket brought AB De Villiers at the crease and the two South Africans started the rebuilding job for the home side. RCB bowlers bowled with a game plan and apart from Yadav (3/23), all other bowlers chipped in and restricted Punjab to 155.

Toys R Us receives several $1bn bids for its Asia unit
Moorfields has been managing the administration of the bust company, after it was unable to pay a 15 million pound tax bill. Failed US toy-store chain Toys'R'Us reportedly plans to sell its Asia business for more than one billion dollars.

Local Doctors Push For Organ Donations During National Donate Life Month
That's as we hear the terrifying figure that three people die needlessly every day waiting for an organ . You can go to www.giftoflife.on.ca to find out more about signing up.

You can still file your state and federal returns through the New York State Department of Taxation and Finance website for free or head to a drop-in site like the Wal-Mart in East Greenbush where Jackson Hewitt Tax Service will be on hand to help you file from 8am-12am. Do you have an IRS tax bill?

If you try to file, and are missing a document, you can file for a six-month extension.

Pay When You E-file. At the end of the year, if you've paid more than what you owe, the federal government will issue you a tax refund.

Who pays taxes, and when? . Typically, you'll need to select the tax year, verify your identity, and enter the payment amount.

Even though tax day is here, there is still time to settle your IRS tax debt if you use one of the methods above. Direct Pay gives you instant confirmation after you make a payment. In 2016, taxpayers in the top tax bracket (income level) paid a tax rate of 39.6 percent, according to the Tax Policy Center; they included some 860,000, or 0.5 percent of the total number of US households. They upload it to a secure server I have.

Share