Last-Minute Tax Tips; E-file for Convenience, Faster Refund
Evidence of the federal law’s lop-sided impact is clear: Hawaii’s poorest residents – those earning $25,000 a year or less – will pocket an annual tax cut of $110 while the richest 1 percent – those with an annual incomes over $489,599 – will be keeping a whopping $33,370 more in 2018. And the turn-around time to get your refund is pretty fast: The IRS issues 9 out of 10 refunds in less than 21 days after a return is filed.
Kautter said the agency would not punish late filers if their returns arrive late due to the outage, the Post reported.
The penalty for failing to file your tax return is much more greater than the penalty for failing to pay.
Whether or not you’re bringing home the bacon with that tax return, enjoy a Carolina Pulled Pork Sandwich topped with mustard slaw and a side for just $10.40 at the bar at Virgil’s Real BBQ. “By filing an extension, you have until October 15 this year to complete your return”, Martin explained. “It only takes a minute or two to fill out and be sure to mail it using certified mail with return receipt requested – the green postcard that comes back is your proof that the IRS received your extension”.
“Taxpayers should go ahead and continue to prepare and file their taxes as normal with TurboTax”, a company spokeswoman said. Free File Fillable Forms means there is a free option for everyone.
It doesn’t draw any attention to you.
Tax Attorney Rebecca Walser says that may give you more time, but it could cost you more money. You must have already paid least 90% of what you owe for tax year 2017 by April 17 to avoid a late payment penalty. You can still choose to have your payment made on April 17th, even if your form is filed earlier.
Late payment penalties can apply.
If you don’t, you could be hit with interest and a penalty. The Rambler (Old Forester bourbon, peach, ginger, mint, beer float) should help get you in the seasonal spirit.
As the Tuesday, April 17, 2018, deadline approaches, the IRS encourages taxpayers to file electronically.
The IRS will never initiate contact with taxpayers via email about a bill or tax refund.
Everyone is eligible to file for an extension.
Potbelly Sandwich Shop: Potbelly Perks rewards program members get a free sandwich on Tax Day with the purchase of a sandwich of equal or higher value through the chain’s mobile app.