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When most adults think of April 15th, they automatically think of filing their taxes. This is because the deadline for taxes is normally April 15th. There are, of course, exceptions to this rule. If the 15th falls on a weekend or on Emancipation Day, which is the day President Lincoln signed the law finally freeing the slaves in Washington D.C., the IRS's deadline is moved to the next business day.
How to Avoid Missing the Deadline for TaxesWhile the deadline for taxes is almost the same time each year, not everyone is ready to file their taxes at this time. If you cannot file your taxes by the deadline, you can file Form 4868 to request a six month extension. This means that, if the deadline was April 15th, you will have until October 15th to file. While you might have to pay a penalty, asking for an extension will usually buy you more time.
What You Should Do If You Have Missed the DeadlineIf you have missed the deadline for taxes, it is important to file as soon as possible. In some cases, it is possible to get away with not filing your taxes for some time. Some people go several years before the IRS catches up with them. Unfortunately, you cannot simply ignore your taxes. The longer you wait to file, the more money you will eventually owe the IRS. Refusing to pay the IRS can also result in some very negative consequences. To collect what they are owed, the IRS might put a lien on your home or begin seizing your property.
Once you do file your taxes, expect to owe more than if you had filed on time. You will owe the IRS penalty fees and up to 25% interest depending on how long you waited to file. If the IRS owes you money, you will not be penalized. You will, however, not be issued a refund if the returns are over three years old.
If, after filing your taxes, you are unable to pay what you owe, you can request a payment plan or file an Offer in Compromise. An Offer in Compromise will reduce your tax debt if you can prove that you are reasonably unable to pay the owed amount. If you believe you might qualify for an Offer in Compromise, you might need to consult a tax professional for assistance.
What else can I help you with?
When are taxes due?
April 15 is the usual deadline for filing personal income taxes. However, for 2010 taxes, the deadline has been extended to April 18, 2011.
When is the deadline to file Michigan state taxes?
The deadline for filing State tax in Michigan is the same date as the deadline for filing Federal tax.
What date is the deadline each year for when income taxes must be filed?
april
Give Yourself a Day or Two?
If you have decided to file your taxes online at the last minute, try to make sure it is at least a day or two before the federal deadline. The reason you should try to give yourself at least a day or two before the deadline is because you need to receive confirmation of your e-file from the IRS. Once the IRS sends you a confirmation that it has received your e-file, then your taxes are deemed to have been legally filed on time. If the IRS sends you a confirmation a day or two after the deadline, then your taxes will be considered late.
When is the last day that you can send in federal income taxes?
The official deadline for 2012 was April 17th. If you applied for an extension, the deadline is October 15th. You can send your return even after that, but you can only get a refund up to 3 years after the filing deadline.
What is the deadline to do your taxes?
The deadline to do your taxes in the United States is typically April 15th each year.
When is the deadline for paying taxes if I owe money?
The deadline for paying taxes if you owe money is typically April 15th of each year.
When are taxes due?
April 15 is the usual deadline for filing personal income taxes. However, for 2010 taxes, the deadline has been extended to April 18, 2011.
What is the tax deadline time zone for filing my taxes?
The tax deadline time zone for filing your taxes is typically based on the time zone where you live, but the deadline is usually at midnight on April 15th.
File by the Deadline?
The most important thing to do when filing for a tax extension is to remember to submit paperwork by the deadline. The unfortunate reality is that a lot of people completely forget to do their taxes and require the extension after the deadline has passed. Missing the deadline can force you to pay incredibly high fees. You do not want to be financially penalized for simply forgetting to file paperwork by a certain deadline. The typical deadline for filing a tax extension electronically is April 15. If you remember to make this deadline, then you will not have to worry about paying extra fees.
When is the deadline to file Michigan state taxes?
The deadline for filing State tax in Michigan is the same date as the deadline for filing Federal tax.
When is the Roth IRA deadline?
The Roth IRA deadline is the time you must have your federal taxes completed by, for the previous year. This year this deadline falls on April 15th, meaning you must have 2013's taxes completed by April 15th 2014.
What is the last deadline for paying taxes from 2010?
The last deadline to pay your taxes is April 18th of this year. Please view the following to obtain additional information: www.efile.com/tax-day-deadlines/.
What is the deadline for income taxes?
The deadline this year was to be April 15. However, the IRS extended this deadline to the 18th this year. It is possible to get an extension that could allow you to file as late as October.
What date is the deadline each year for when income taxes must be filed?
april
Give Yourself a Day or Two?
If you have decided to file your taxes online at the last minute, try to make sure it is at least a day or two before the federal deadline. The reason you should try to give yourself at least a day or two before the deadline is because you need to receive confirmation of your e-file from the IRS. Once the IRS sends you a confirmation that it has received your e-file, then your taxes are deemed to have been legally filed on time. If the IRS sends you a confirmation a day or two after the deadline, then your taxes will be considered late.
What are the effects of sales tax on consumers?
Sales tax directly reduces consumers buying power. When sales taxes are high, consumers are forced to spend more money on taxes and less to spend on other items.
