According to the report, just under 100 people have reported these taxable events to the IRS out of the 250,000 most recent tax filers, just days ahead of the deadline to file.
The start of the year always means businesses and their owners scramble to get their tax returns completed and filed on time. But you can do yourself a huge favor by aiming to get everything done at least a day or two in advance, Greene-Lewis said. Seek help. 5. If you do have issues with the IRS, help is available and programs are in place so that you can become compliant again.
With tax day quickly approaching, it has been a hectic time for local tax preparers.
Consumers should pay particular attention to how they budget their larger paychecks to make sure the extra money that would have ended up in their tax refund check doesn't get spent mindlessly.
If you try to file, and are missing a document, you can file for a six-month extension. Freelancers or other gig-economy workers still waiting on a 1099 could be in the same boat. Generating an accurate return may remain a top priority, but taking a moment to review it from the Internal Revenue Service's point of view before submitting could save you a significant headache down the road.
US Warns of New Syrian Attack if Chemical Weapons Used Again
The US air force confirmed on Sunday that B-1B bombers deployed at the Al Udeid Air Base in Qatar took part in the strikes . Syria fired roughly 40 missiles wildly into the air, after the USA and allied missiles had already landed, McKenzie said.
Tax experts say you should not avoid filing your taxes is because you don't have the money to pay.
But you have to make quarterly tax payments using Form 1040-ES if you expect to owe more than $1,000.
On Tuesday, the IRS alerted consumers to a new email tax scam.
If you are unsure how much you owe in taxes, here's some math to figure out what to pay now. But previous debts to the IRS last until they are fully paid. Go back and look at what you paid in taxes past year, including both withholdings and any payments you made (including estimated quarterly payments as well as payments you made last April).