Sci-tech

Tax deadline: Things to know about filing taxes

Tax deadline: Things to know about filing taxes

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. This includes 2017 individual income tax returns normally due on April 17, 2018.

"The most important thing is get the tax return filed, whether if you do it yourself or pay a tax preparer, get them filed", Cauble said.

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.

Concerning those scams perpetuated against the IRS, remember, when you sign a tax return you are signing under penalty of perjury.

Phone scams: If the IRS contacts you by phone and you are unaware of any reason for such call, instruct the caller that you will call the IRS back at the number listed on the IRS website.

You're down to the wire for filing income tax and wish there was some extra time before tax day.

Representatives with Quality Tax Service also advise residents and small business owners to hold on to all receipts and invoices.

Grim news emerges on missing Indian family in the US
Days went by without a word from the family and they were officially reported missing on Sunday to the San Jose Police Department. The CHP and the Mendocino County Sheriff's Office are expected to hold a news conference on noon Friday.

"The IRS will work with you", he said. The result is that it's like a federal holiday and that means that taxpayers have an extra day to file taxes. 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.

Those planning to mail their returns need to make certain they're turned in the mailbox at the post office - the one outside or the one in the lobby - by 5 p.m.

Unbeknownst to most folks, specific items, if found in your return, may trigger an audit. And that gives everybody an additional day to file their taxes, he said.

ADOR encourages taxpayers to file electronically and to use direct deposit for refunds because it is faster and more secure.

If you are unsure how much you owe in taxes, here's some math to figure out what to pay now. If you can file your taxes on time, you should.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief.


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