Published: Mon, April 16, 2018
IT&Software | By Alfonso Woods

Good news and bad for tax filing procrastinators

Good news and bad for tax filing procrastinators

Experts like Fuller can help you file your taxes in time.

The Lamesa post office has no plans to remain open later than usual on Tuesday, a spokesperson told the Lamesa Press-Reporter on Friday.

Crypto Taxes - As April 17th closes in Credit Karma, the highly used Tax platform in the USA, announced that less than 100 people have reported capital gains from cryptocurrency investments in 2017. The post office is closed on Saturday and Sunday.

Believe it or not, the IRS maintains a list of individual tax preparers that the agency believes do not accurately file an adequate number of returns.

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. The longer you wait to file, the longer it will take to get your tax refund.

Offshore tax avoidance: A recent emphasis of the IRS, the IRS is continuing to take action against taxpayers that hide money and income offshore.

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

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief.

I'd be curious to see if more taxpayers applied for an extension or had to use a firm to do their taxes because they weren't able to figure out their gains and losses in their cryptocurrency investments. She said some people miss out when their tax status changes because of a life event like a new house or a baby, and in the rush to finish their taxes, they leave a big potential deduction associated with their changed tax status on the table.

If you do not think you're going to make the April 17 deadline, you can log onto www.irs.gov and fill out a 4868 form for an extension, but even if you do fill out the form, you may be still charged a penalty from the IRS.

Of course, you won't be paid a refund if you don't file. If you are filing yourself be sure to double check your return for accuracy. 2.

The IRS allows you to request an automatic six-month extension to file your return when you pay online.

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