April 18th is the last day to file your taxes
- Author: Joanne Flowers Apr 17, 2017,
Apr 17, 2017, 16:56
But whatever your reasons for being behind on tax prep, take heart: If you want an extension on filing, the Internal Revenue Service will give you one - no questions asked. Before you drive yourself insane to get your return filed in time for the deadline, make sure you actually have the appropriate paperwork on hand. If you're still working to prepare your taxes at the last minute, here are some things to keep in mind.
This way they won't have to file a separate extension form and will receive a confirmation number for their records. The post office will be closed by then.
Tax aide is also provided via the AARP Foundation for low- and moderate-income individuals, including those under 50.
Filing for that extension involves filing Form 4868 by the April 18 deadline, which will extend the due date of your full return for six months to October 16, 2017. Many taxpayers make mistakes that can cost them.
Last year April 15 fell on Friday, which pushed the tax return deadline to Monday, April 18.
So, by law, the filing deadline was extended until Tuesday. If you have any kind of paper trail, expect the IRS to find you eventually. There are strings attached, though: The extension only applies to the filing of the tax return.
The agency says a person who files through the mail will have to wait about 6 to 8 weeks for a refund.
"And it is much cheaper to file a tax return and owe money and not be able to pay it, than not file a tax return because the penalty could be ten times greater alone for just not filing and ignoring the fact that the tax return is due", said Sherry Dunn, Enrolled Agent, H&R Block. "This year has been a unusual year for filing".
Through April 7, the IRS had processed more than 100.9 million tax returns and issued more than 80.2 million refunds totaling $228.9 billion.
"This year more than in the past", he said. You still need to pay any money you owe by April 18.
Filing electronically can also come in handy if you do happen to be rushing through the process a bit, because most of today's software is equipped to not only identify deductions and credits you might be eligible for, but alert you to audit red flags on your return. Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after.