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Archive for Tax Deadline

What To Do When Your Tax Return Is Late

Tuesday, April 17, 2018, was the tax deadline for most taxpayers to file their tax returns. If you haven’t filed a 2017 tax return yet, it’s not too late, and it may be easier than you think. First, gather any information related to income and deductions for the tax years for which a return is required to be filed, then call the office.

If you’re owed money, then the sooner you file, the sooner you’ll get your refund. If you owe taxes, you should file and pay as soon as you can, which will stop the interest and penalties that you will owe.

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People With Special Circumstances Get Extra Time To File 2017 Taxes

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

Last Minute Tax Tips Before Deadline

Procrastination of tax returns is not a unique phenomenon. In fact, a lot of tax payers file their tax returns in the last two weeks before the deadline. Filing tax returns earlier than the deadlines is better as you are not rushed and chances of making mistakes is also lower. However, if you are racing against the deadline clock for your returns, here are some tips to help you get through.

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No Matter How Long It Has Been Since You’ve Filed Your Taxes, You Are Not Alone

Yet there are many people who are contemplating not filing this year because they didn’t file last year. Taxation Solutions is a team of professionals that frequently encounters clients who, for various reasons, have not filed tax returns for one, two, or several years.

Believe me, you are not alone. There are thousands of people who haven’t filed in multiple years. But, let me tell you, you’ll enjoy getting a good night’s sleep once you get back on track with the IRS. Most people don’t realize the energy required to carry the burden of delinquent taxes. We are devoted to helping taxpayers make things right with the IRS. Read more

Hurricane Maria Victims: Tax Filing Deadline Postponed Until June 29, 2018

WASHINGTON –– The Internal Revenue Service is reminding victims of Hurricane Maria in the U.S. Virgin Islands and in the Commonwealth of Puerto Rico that filing and payment activities have been further postponed beyond Jan. 31, 2018.

The IRS extended tax deadlines for affected individuals and businesses until June 29, 2018, for the following localities:

  • In the U.S. Virgin Islands (starting Sept. 16, 2017): Islands of St. Croix, St. John and St. Thomas.
  • In Puerto Rico (starting Sept. 17, 2017): In any of the 78 municipalities.

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Fisherman Hooked On March 1st 2018 Estimated Tax Deadline

WASHINGTON ― The Internal Revenue Service is reminding fisherman about the March 1 deadline to take advantage of special rules that can allow them to forgo making quarterly estimated tax payments.

Anyone with income from their fishing business may be able to avoid making any estimated tax payments by filing their 2017 return and paying the entire tax due on or before March 1, 2018. This rule generally applies if farming or fishing income was at least two-thirds of the total gross income in either 2017 or the preceding tax year. Read more

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