Deadline to file taxes is Tuesday

Experts also say do not worry if you owe taxes. "If you don't pay the amount due by the regular due date, you'll owe interest", the IRS warns on its website.

As the April 18, 2017 tax filing deadline quickly approaches, the Internal Revenue Service reminds almost 40 million taxpayers who have yet to file their tax returns that there are a variety of options to help them in the final days of the 2017 tax season.

Tuesday is the final day to file your taxes if you haven't done so already.

The IRS said it expects more than 13 million taxpayers to request a filing extension, giving them six additional months to complete and file their tax return.

It's possible to get the automatic extension without filing IRS Form 4868.

He continues: "We spend billions of hours, $10 billion on tax preparation, and people on a handsome April weekend, when you ought to be out playing golf or playing soccer, you're slaving over IRS forms". You can make a payment in order to get an extension.

The deadline to file your taxes is April 18. This way, if you are due a refund, you won't have to wait longer than necessary to get your hands on your money. Almost half of their business occurs within the one month prior to the tax deadline every year. Though at least 12 countries have tried such a system, Reid says that many nations have abandoned the flat tax.

IRS tax help hotline: 800-829-1040.

The IRS is pushing people to e-file their income tax returns for a variety of reasons.

Dulay said if other big companies are found among those businesses not paying correct taxes, then the BIR will do its job and build tax-evasion cases against them. But if you need more time to file state taxes, too, note that getting a federal tax extension doesn't mean that the deadline to submit your state taxes is also extended. In some instances, the taxpayer may qualify for an offer-in-compromise. (GDI), which stemmed from its failure to pay P1.56 billion in taxes in 2007.

"Although you aren't required to make a payment of the tax you estimate as due, Form 4868 doesn't extend the time to pay taxes". For example: one easy trick could pay you as much as $16,122 more. each year! "But give me a few more days and I'll look at the records and talk to the assessment people of BIR and probably I can come out with a definite answer", BIR commissioner Caesar Dulay said in an interview. That's one-fifth of all those filed in 2016, a 24 percent surge in late-season filings from the previous year.

  • Eleanor Harrison