For tax payer’s who filed for a tax extension, the deadline for filing is fast approaching. No need to panic though, here’s what to do.
Monday, Oct. 16, is the deadline this year to hand your tax forms over to the IRS. Visit us today at 1104 Sutter Ave, Brooklyn, NY 11208, send us an email or call us at +1 347 663 1163 to make an appointment.
After we review and prepare your documents, we can have your tax return filed in minutes via the Internal Revenue Service (IRS) electronic filing (e-File) system. The IRS recommends that taxpayers file their tax return electronically. The IRS says that e-File is “a faster and safer way of filing your taxes.” Of the 145.3 million returns received by the IRS so far this year, approximately 87.5% were filed electronically.
If you are expecting a tax refund, we can also arrange to have that refund sent to you via direct deposit. With direct deposit, the IRS can deposit your tax refund directly into as many as three accounts.
If, on the other hand, you expect to owe, don’t let that deter you from filing on time: You should file a timely return even if you can’t pay your tax bill. Penalties apply for both failure to file a return and failure to pay your tax which means that you can reduce your penalty burden by filing on time even if you can’t pay.
Some taxpayers have even more time to file. Members of the military serving in a combat zone typically have until 180 days after they leave the combat zone to file their return and pay any taxes due. And this year, taxpayers who filed an extension who live in or are affected by a federally declared disaster area may be allowed more time to file: that includes taxpayers in parts of Michigan and West Virginia as well as those affected by Hurricanes Harvey, Irma, and Maria.
If you’re not in the service and have not been affected by the events listed above, and If you can’t pay what you owe by October 16, we can contact the IRS and negotiate a payment plan for you. Stop in or give us a call today.