IRS reminds taxpayers the filing deadline is Tuesday

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You may be in a tough spot, but you're in good company.

Taxpayers who are not ready to file their Vermont returns may request an extension using Form IN-151 or online, but they must file extension requests by April 18.

If you don't have the money on hand to pay the taxes owed, don't hide. For example: one easy trick could pay you as much as $16,122 more. each year! This way they won't have to file a separate extension form and will receive a confirmation number for their records. "So if you have taxes due, even if you haven't filed your tax return, they still have to be paid by April 18th, and penalties and interest will begin accruing on April 19th".

Medical deductions: You can deduct qualified medical and dental expenses that exceed 10 percent of your adjusted gross income for the year. "So you don't have to worry about it". Your tax pro is swamped right now and will surely appreciate having more time to finish and review your return when things are less hectic and stressful.

Yes, normally April 15th is the deadline to file, but this year a holiday in our nation's capital forced a change.

Gillend said if someone from the IRS calls, they're not the IRS.

If you're found guilty of tax evasion, you could face up to five years in prison and up to $250,000 in fines.

The Internal Revenue Service earlier this month reminded taxpayers that unclaimed federal income tax refunds totaling more than $1 billion are waiting for an estimated 1 million taxpayers who did not file a 2013 federal income tax return. File for an extension.

Many federal taxpayers can file online for free at irs.gov.

An extension to file your return does not mean an extension of time to pay your taxes. If not listen up, you still have a little bit more time to do them. "I hope they do it fast", Dulay said. Under the system, individual tax payers can opt to remit their payments using their bank accounts through on-line fund transfer. The IRS is giving you a reprieve till Tuesday.

"It brings in less money - that's the problem", he says. What should I do? But you can put off filing your return - and avoid that penalty - by filing Form 4868, "Application for Automatic Extension of Time to File U.S. Individual Income Tax Return". In some instances, the taxpayer may qualify for an offer-in-compromise.

"Frankly, I am not aware of any pending case against Mr. Lucio Tan". A late payment penalty is 0.5% of the additional tax owed for every month, also up to a maximum of 25%. "I'm a sort of full-time member of the tax policy community, and I still find it hard and unpleasant".

The deadline to file your taxes is April 18. Globe, through GCash, has a payment option that allows all tax payments of up to P100,000. You don't need a reason to file for an extension.

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