Good news and bad for tax filing procrastinators

Take a wild guess Crypto confusion reigns as tax deadline nears

Good news and bad for tax filing procrastinators

You can do that by filling out the IRS 4868 form.

Officials say a tax extension is an extension of time to file, not an extension of time to pay. If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, residents should call the IRS disaster hotline at 866-562-5227. It only gives you more time to file your return.

Crypto Taxes - As April 17th closes in Credit Karma, the highly used Tax platform in the United States, announced that less than 100 people have reported capital gains from cryptocurrency investments in 2017. There is no penalty for filing past the April 17 deadline unless you owe money to the IRS.

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- Two North Carolina tax preparers are headed to prison after admitting they filled out hundreds of fake tax returns involving more than half a million dollars. You can get an automatic six-month extension of time to file from the IRS. Even a messy shoe box full of receipts can lead a tax preparer to find some hidden refund opportunities, so it's advantageous to consider itemizing if you have a home, kids, or a newly complicated tax situation. Many are busy this weekend helping clients file their taxes by the April 17th deadline.

Taxpayers have until Tuesday to file.

Another scheme scammers are using is one in which thieves file a fraudulent return, with your information, and the refund goes into your bank account.

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If you're like roughly three-quarters of USA tax filers, you'll get a refund when you file your 2017 federal income tax return this year. If you can file your taxes on time, you should.

There are a number of reasons to try to file your taxes sooner rather than later. "They should still file their return to avoid a penalty for failing to file".

If you are unsure how much you owe in taxes, here's some math to figure out what to pay now. Then, subtract this year's withholdings and estimated payments you made over the course of the year, and send the difference to the IRS this year. But previous debts to the IRS last until they are fully paid.

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