Published: Mon, April 16, 2018
Finance | By Claude Patterson

United States tax deadline quickly approaching

United States tax deadline quickly approaching

Santa Barbara County residents and businesses qualify for a tax-filing extension from the Internal Revenue Service (IRS).

Filing for an extension does not extend your tax liability payment.

Davis owns Get Organized Tax & Accounting, of Plainfield, where they both live.

The returns - for the tax years 2011 to 2016 - caused the federal government to pay their clients $232,009 in bogus refunds, the feds say. Check your state tax department's website: While some states will automatically apply your federal extension, others require you to submit a separate state extension form.

"You still need to get an extension because if you don't and don't pay, the penalty is around 5 percent a month versus if you file the extension and pay later it is a half percent per month so that is a big difference", said Smith. "This penalty is larger than for not paying any balance due", advised Gil Charney, director at The Tax Institute at H&R Block. Taxpayer Clint Parker said waiting to the last minute worked in his favor.

On Tuesday, the IRS alerted consumers to a new email tax scam.

Per the IRS, there are more than 90,000 volunteers around the country, who can help you correctly complete your return.

If you are unsure how much you owe in taxes, here's some math to figure out what to pay now.

The tax deadline is usually April 15th, but this year, that's a Sunday.

After refunds leave the IRS, it takes additional time for them to be processed and for financial institutions to accept and deposit the refunds to bank accounts and products.

However, if you can't find a way to pay - file anyway.

Like this: