Last weekend to prepare your 2017 income taxes

Having the ability to electronically submit tax forms would make committing fraud more hard.

For the tax years 2012 through 2014, Davis filed false individual income tax returns by falsely reporting the gross business income to GOTA.

This year’s tax-filing deadline is Tuesday, April 17, and 64% of Americans expect to receive tax refunds when they file their returns, according to a recent poll.

The last and only time the IRS issued guidance on the topic came in 2014 when the agency said virtual currencies like bitcoin should be treated like property for tax purposes, not as foreign currency. You can still choose to have your payment made on April 17th, even if your form is filed earlier.

“We’re trying to connect a million people with their share of $1.1 billion in unclaimed refunds for 2014”, said Acting IRS Commissioner David Kautter.

“Most people file an extension because they have a complicated tax situation”, Kate Haney, VP of tax at ASGN Incorporated told Moneyish.

Taxpayers can also request an extension through a paid tax preparer, tax-preparation software, or by mailing a paper Form 4868. But how long is a tax extension? There are several ways to file that extension (for free) online.

Returns must be postmarked or electronically filed Tuesday to avoid penalties and interest.

It doesn’t draw any attention to you. Not paying by the deadline will result in an attached interest rate.

Taxpayers are reminded, however, that an extension of time to file is not an extension of time to pay.

Tax Day is usually on April 15.

If you try to file, and are missing a document, you can file for a six-month extension.

Late payment penalties can apply.

There is also a Where’s My Refund? portion of the IRS site that will give you additional information about the status and timing of an expected tax refund.

You won’t get penalized if you have a return coming your way. Taxpayers can use the information on the transcript to file their tax return.

Anyone who believes they may have been a victim can contact IRS-Criminal Investigation by calling 732-761-6439.

While our taxes are due on Tuesday, many CT and NY residents are sweating the tax day deadline, along with the thought of an audit.