Don't Worry, You Have Extra Time to File Your Income Tax

Don't Worry, You Have Extra Time to File Your Income Tax

Don't Worry, You Have Extra Time to File Your Income Tax

According to federal law, District of Columbia holidays impact tax deadlines in the same way that federal holidays do; therefore, all taxpayers will have two extra days to file this year.

Federal prosecutors say Kristyn Daney and Rakeem Scales admitted Friday to preparing a false tax return for an Internal Revenue Service undercover agent three years ago.

Don't forget about state taxes, advised Lisa Greene-Lewis, tax expert for TurboTax.

"Before you respond to them, before you give out any sorts of personal information, even things like your name, date of birth, especially social security number, don't give that information out unless you can absolutely verify that you're speaking with someone that's from the IRS", said Shifflett.

If you try to file, and are missing a document, you can file for a six-month extension. Taxpayer Clint Parker said waiting to the last minute worked in his favor.

Analysts estimate that the crash in cryptocurrency prices in Q1 of Y 2018 may have been due to a larger sell-off by digital currency investors interested in holding fiat currency heading into tax season. For questions, call the IRS disaster hotline at 866-562-5227.

But if you file your tax return and pay your penalty late, the fee is only half a percent each month, per Liberty Tax in West Springfield. You must still pay your tax liability to the IRS by April 17.

The most popular planned use of tax refunds, coming in at 43%, is adding the money to their savings.

Last year, the duo announced they were bringing arena football back to Trenton, with a team called the Jersey Flight, playing in the American Arena League.

Tax refunds from four years ago are gone for good after Tuesday.

To find out how much you have to pay, you can use the payment estimator provided by the IRS on their website.