[4/11/19] Tax Filing Deadline
As the April tax-filing deadline nears, some taxpayers may rush to finish their tax returns or find they need extra time to get them done.
The IRS recommends that taxpayers file for an extension if they need one. Filing an extension will help taxpayers avoid paying penalties for filing a late return. Extensions provide more time to file, but not more time to pay any tax owed.
The deadline to file 2018 tax returns and pay taxes owed is next Monday, April 15th
Mistakes can happen when hurrying to file a tax return by the due date. This can mean longer processing times and possible tax refund delays. Electronic filing is the best way to avoid common mistakes and file the most accurate tax return; it is also the most accurate way to file a tax return.
Follow these tips to avoid common tax-filing errors:
Prepare before you start. Gather all your documents such as Forms W-2 and 1099, gather your supporting tax deductions or credits such as state tax or mortgage interest payments. Find your prior-year tax return, you may need it.
File electronically Filing elctronically reduces common tax return errors. Tax return software does the calculations, flags possible mistakes and prompts taxpayers for missing information.
Mail a paper return to the right address. Paper filers should check their tax form instructions for the appropriate address to avoid processing delays.
Sign and date the return. If filing a joint tax return, both spouses must sign and date the return.
Keep a copy of the return. Taxpayers should make a copy of their signed tax return and all schedules and keep these records in a safe place.
For taxpayers who cannot meet the April deadline, requesting a filing extension is easy and will prevent late-filing penalties. The easiest way to file an extension is to use IRS Free File. Simply review the Free File extension offers online @ IRS.gov