Request an extension by submitting Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, to the IRS by April 17. That includes the people who file extensions in April and the return later in the year.
Daney and Scales said ahead of the 2014 tax filing season they were directed to manipulate client information to maximize refunds.
For more information, please see the IRS press release linked here.
Tax Day is usually on April 15. Once your return is filed with the IRS, the information - most notably your Social Security number - is locked and can not be used by anyone who might want to fraudulently claim a tax refund. But getting an extension only gives you more time to file your return - you still have to pay what you owe now.
An extension, however, serves to delay only any refund you have coming. That's because the 15th is a Sunday and the following Monday is Emancipation Day, a federal holiday. The IRS expects more than four out of five tax returns will be prepared electronically using tax software. Check with your state's department of revenue/taxation for information about filing for a tax extension. That means almost 50 million taxpayers have either spent the last week scrambling to locate key documents and file their returns, or have scrambled to locate key documents and instead filed for an extension.More news: Zidane sick of Real 'robbery' jibes after Juve game
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"If I had to guess, there's probably a lot of underreporting", said Elizabeth Crouse, a Seattle-based partner at law firm K&L Gates.
"As long as you pay 100% of your 2016 tax liability - 110% for higher income taxpayers - you will not owe a penalty on your 2017 return", Jaeger said.
Paul Joseph of Joseph & Joseph Tax & Payroll in Williamston, Mich., calls the IRA contribution one of the most advantageous things you can do to reduce your tax burden. Accordingly, intentionally filing returns with false information can lead to penalties, audits, or worse, criminal charges.
One scam is a robotic voice that uses incorrect English, which calls threatening consumers, telling them that they have a debt with the IRS and will be taken under custody by local authorities.