WASHINGTON — The Internal Revenue Service today reminded taxpayers that they may request an extension of time to file their tax return, but certain taxpayers get extra time without asking. The IRS said nearly 14 million taxpayers are expected to get an extension this filing season.

Anyone can receive a six-month extension to file their tax return by using Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Even with an extension, taxpayers should remember that the extension does not affect any tax they owe. Tax payments are due on or before the April 17 tax deadline. Read More

With the start of the new year, the next tax season is coming closer. Here are the key 2018 tax deadlines you need to know for your 2017 tax filings.

Tax due dates for Individuals

  • Initial Apr 17 – April 15th 2018 is a Sunday, and the following Monday is a holiday in the District of Columbia, therefore the initial filing due date with be on Tuesday, April 17.
  • Expats Jun 15 – Expat living abroad get an automatic 2 months extension.
  • Extended Oct 15 – The final deadline for those individuals who filed for an extension.

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Richard Yorke, Tax Advisor, TaxConnections

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. Read More

If you’re like most taxpayers, you find yourself with an ominous stack of “homework” around TAX TIME! Pulling together the records for your tax appointment is never easy, but the effort usually pays off in the extra tax you save! When you arrive at your appointment fully prepared, you’ll have more time to:

  • Consider every possible legal deduction;
  • Evaluate which income reporting and deductions are best suited to your situation;
  • Explore current law changes that affect your tax status;
  • Talk about tax-planning alternatives that could reduce your future tax liability.

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