Income taxes are due Tuesday, April 18

Myth: My tax return was audited last year and again this year.

April 18, a Tuesday, is Tax Day for most Americans, the day to file and pay federal taxes.

Later this spring, the only outside agencies authorized to contact taxpayers about their unpaid tax accounts will be one of the four authorized under the new private debt collection program.

Are you running out of time to file your taxes? The IRS toll-free telephone line, 800-829-1040, will be available Saturday, April 15, from 9 a.m.to 5 p.m. (callers’ local time). Financial experts suggest you file early if you’re getting a refund, because that money is an interest-free loan to the government.

The traditional IRA deduction is subject to income limitations if you or your spouse are eligible to participate in a retirement plan through your employer.

Foreign wire transfers: If you have a U.S. bank account, you can use the Electronic Federal Tax Payment System.

On the other end of the spectrum are people who file their taxes early, as soon as the IRS starts accepting returns. Why give the IRS any more of your money than you have to? To ensure you don’t misplace them, add them to your other records.

The complaint alleges that Draper prepares returns that fraudulently understate her customers’ income tax liabilities, and/or overstates the refunds they are entitled to receive, by fabricating or inflating business losses claimed on returns. Double-check to make sure that you sign your form.

Fact: The Tax Department schedules direct deposit dates throughout the week, not only on Fridays. The wrong bank account or routing number can cause your refund to be sent to the wrong place or kicked back to the IRS. The automatic extension takes a couple of minutes. Free File software walks users through the tax preparation process and helps identify those tax changes that may affect their return.

Taxes are due on April 18, that’s a week away.

The best bet is to go directly to irs.gov/eservices if you sense a problem.

Taxpayers with household incomes of $64,000 or less can use Free File software available on the Tax Department’s website. If they can not file their return by that time, they need to file the six-month extension.

“A lot of people – if they owe taxes – they’ll either decide to not file or file later on, or they think they can file an extension and that will keep them from having to pay penalties”, Clark said.

Still, the Internal Revenue Service’s latest weekly filing statistics show the federal agency had received only about 93.7 million returns as of March 31 – 4.1 percent fewer than at the same time past year.