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Watch out for tax scams ahead of April deadline
16 April 2018, 04:02 | Cameron Gross
Last-Second Tips for Tax Procrastinators
For the tax years 2012 through 2014, Davis filed false individual income tax returns by falsely reporting the gross business income to GOTA.
The Lamesa post office has no plans to remain open later than usual on Tuesday, a spokesperson told the Lamesa Press-Reporter on Friday. The post office is closed on Saturday and Sunday.
More than $70 million in Florida tax dollars are still waiting to be claimed, four years later. Accountants can be relied on to advise how certain information may be listed on a tax return but be extremely cautious if a tax preparer advises you not to list something or to state false information because it is "unlikely" that you will be caught.
The IRS still anticipates issuing more than nine out of 10 refunds in less than 21 days, but there are some important factors to keep in mind for taxpayers. It will take more time in the long-run to correct your mistakes and will delay any refunds. The IRS reminds taxpayers many financial institutions do not process payments on weekends or holidays, which can affect when refunds reach taxpayers. Life changes, coupled with adjustments made to withholding tables by the IRS in concert with the new tax law, mean many Americans run the risk of having either too much or too little money taken out of their paychecks. Check with your state's department of revenue/taxation for information about filing for a tax extension.
Cauble says if you were unemployed in 2017, you still need to file. Certain deadlines falling on or after December 4, 2017 and before April 30, 2018, may be granted additional time to file through April 30, 2018. If you owe money to the taxman, you still have to make a well-educated estimate, fill out a form requesting an extension, and send the estimated amount you owe. But previous debts to the IRS last until they are fully paid.
Taxes are due on Tuesday. They'll need to wait because they don't have the information necessary to compute their tax obligation.
It may sound basic, but keeping all your tax documents in one place, including your W-2 and all applicable interest statements and receipts, is key to making sure you get all the deductions you are eligible for, said Chris Mann, a Bloomfield Hills, Mich. -based tax attorney.
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