Six Tips for Filing Extended Tax Returns

Every year, millions of taxpayers file an extension with the IRS for an extra six months to file their taxes. If you filed for an extension, you should have paid any tax you owed by the April deadline, but you have until October 16 to file your complete returns. Monday, October 16 is the extension deadline this year. Here are six things to remember if you haven’t filed … [Read more...]

The 2016 Tax Season by the Numbers

135.6 million The number of tax returns the IRS has received as of April 18. 17 million Procrastinators who waited until the last 24 hours before the due date to file.    Why do people wait until the last minute to file their taxes? $268.3 Billion The amount of tax over-paid by Americans through 2016, resulting in 97 million refunds. $2,763 The average tax … [Read more...]

Can’t Get Your Taxes Done by April 18?

If you panic when you think about April 18, it’s probably due to one of two reasons: 1. You don’t have enough time to get your taxes done and filed on time, or 2. You don’t have enough money to pay the taxes you owe. If either of these applies to you, the most important thing to remember is, DON’T PANIC. And don’t ignore it. The worst thing you can do is not file … [Read more...]