Last minute Tax Day tips

Of course, to know that you have a refund coming, you need to put the work in to determine that. "With the tax deadline approaching, taxpayers shouldn't panic". An extension is granted automatically if you follow the rules.

"You still need to file your taxes".

The extension you applied for can give you an extra six months to file, however, you still need to estimate and pay what you think you owe for the year by the April deadline.

The ITINs are supposed to be used by foreigners who have some form of US income, and therefore owe USA taxes.

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

How do I pay the taxes I owe if I'm filing for an extension?

WASHINGTON (AP) - Tuesday is Tax Day, that dreaded day when millions of procrastinators rush to fulfill their civic duty by filing state and federal tax returns. The filing deadline was pushed back, making Tuesday, April 18 the last day to file on time.

If you don't owe any additional CT income tax, and you have asked for an extension of time to file your federal income tax return, then you aren't required to fill out that 1040 EXT form. But there is no extension for paying your tax bill.

"Section 7503 of the Code provides that, when April 15 falls on a Saturday, Sunday, or legal holiday, a return is considered timely filed if it is filed on the next succeeding day that is not a Saturday, Sunday, or legal holiday". You can do it online for free.

"There have been cases where people who came in thought that they owed and then due to tax credits that they had available to them they actually had a slight refund", he said.

Tax aide is also provided via the AARP Foundation for low- and moderate-income individuals, including those under 50.

"Our online apps and guidance, along with our knowledgeable customer service representatives, can help ensure that New Yorkers file securely, accurately, and on time", Manion said.

If you have filed your tax returns, you can check the refund status here. In some instances, the taxpayer may qualify for an offer-in-compromise. People who are under court order to pay by the regular due date won't be granted more time to pay or file their taxes. The IRS says the average tax refund for 2016 in Colorado is $2,560.

A huge percentage of Americans wait until the last minute (or longer) to file their returns. The instructions for Form 4868 will tell you where to mail your paper copies, as well as outlining your payment options if you expect to owe. On top of these penalties, you'll also be charged interest on your unpaid taxes starting on April 19.

The interest rate is now 4 percent per year and is compounded daily. Another thing to consider, the IRS charges a fee for using a credit card, those two things combined could cost you more money. So although seeking an extension past the due date might seem like a good idea, you should file for a tax extension only if absolutely necessary.

  • Arturo Norris