Thursday, 16 August, 2018

Triggering a Tax Audit from the IRS

Tax Deadline April 17th Tax Deadline April 17th
Emmett Howard | 16 April, 2018, 03:57

The false filing charges with which Davis and Felder-Ruiz are charged each carry a maximum potential penalty of three years in prison and a $100,000 fine or twice the gross pecuniary gain or loss from the fraud.

"It's important to note that the failure-to-file penalty is generally more than the failure-to-pay penalty", said Sanford.

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.

You're down to the wire for filing income tax and wish there was some extra time before tax day. Check your state tax department's website: While some states will automatically apply your federal extension, others require you to submit a separate state extension form.

Be smart about charitable gifts: The new tax rule almost doubles the standard deduction to $12,000 for single filers and $24,000 for those who are married and file jointly. Nearly all rejected extensions are the result of submitting incorrect information, such as a name or Social Security number that does not match IRS records.

If you're like roughly three-quarters of U.S. tax filers, you'll get a refund when you file your 2017 federal income tax return this year. Many states have their own required tax extension forms.

IPL 2018:Sunrisers Hyderabad beat Kolkata Knight Riders by 5 wickets
Saha hit three fours in third over bowled by Mitchell Johnson to get 16 runs from that over. Shakib played to the situation scoring 27 runs (21 balls), two boundaries and one six.

Russian Federation condemns attack on Syria
US President Donald Trump announced the airstrikes in retaliation for Syrian President Bashar Assad's alleged use of chemical weapons.

The 'Terminator' Reboot Has Found Its New Terminator
But there's always a chance that Luna's Terminator could turn into a force for good, helping out the franchise's new leads. Natalie Reyes ( Lady, La Vendedora de Rosas ) and Diego Boneta ( Scream Queens ) have also been cast to star in the film.

Considering how close we are to the tax filing deadline, it would be rather optimistic to believe that all cryptocurrency holders will just pop in at the eleventh hour to file their taxes at the same time.

To find out how much you have to pay, you can use the payment estimator provided by the IRS on their website. Specifically, if the IRS has found an error on your return or requests more information from you.

So if you were planning to use a HELOC to pay down higher interest auto, boat or student loans, you'll need a Plan B.

Sanford from the IRS said it order to be considered timely it must bear that postmark of the final day of filing - in this case this year April 17. The result? Itemizing might not be so rewarding next time you file. It will take more time in the long-run to correct your mistakes and will delay any refunds.

If you are due a refund, the sooner you file, the sooner you'll get it.

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