NYS Reminds Taxpayers of Income Tax Return Extension Requests

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"People are calling from third party debt collection agencies saying that this person has received an erroneous tax refund and they are calling on behalf of the IRS to reclaim the refund", says tax attorney Rebecca Walser. Additionally, "Credit Karma's" free software files a person's federal and state taxes. While helping customers, prosecutors said, she willfully assisted taxpayers in filing fraudulent tax returns by claiming the taxpayers had personal business income which they did not have.

"There may not be as many actual IRS audits, but notices seem to be more prevalent addressing specific issues, such as proof of mortgage interest deduction or charitable contributions", Fleetwood said. April 15 falls on a Sunday, an, d because April 16 is a holiday in Washington, D.C., you have until Tuesday, April 17, to file your federal tax return. Yet many Americans scramble to get their returns in. Auditors say they will monitor the recent changes to assess their effectiveness.

It's probably not what you're thinking. If you haven't filed your taxes yet, you will be relieved to find out you will get a little extra time to submit your return.

We have only a few DAYS left before the filing season is over.

The current audit targeted in part a specialized IRS service - one that provides lenders and others transcripts of loan-applicants' tax filings.

While an emotional time, it's important that the family or executor not put off dealing with the tax issues, risking both the overhang of stress and the penalties for late filing, said Paley.

"There is still a gap that exists between the current draft and where we believe the bill should be to effectively address the needs of the 79 million taxpayers who choose to use the services of a professional tax preparer", wrote NATP executive director Scott Artman and president Gerard Cannito in a letter to the subcommittee.

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Gardner says, "What I would do is come to Tommy here at Tax Masters and have them file it for me".

The IRS today is living on about $1 billion less than it was living on almost 10 years ago, down from $12.1 billion in 2010 to $11.2 billion now, according to recent figures released by the agency. "(The IRS) will know where the returns originated from. The publication is expected to be updated in "early spring", the IRS said.

Taxpayers must make full payment of the properly estimated tax balance due when requesting an extension of time to file.

Decisions you make today may help you (or hurt you) in the future.

Those who are victim's of identity theft, or some other financial scam, should contact the fraud department at their credit card company and bank.

To increase the amount of money withheld from your paycheck for taxes, you'll need to reduce the number of "allowances" you claim on the form; to decrease the amount withheld, you'll increase the allowances claimed.

In 2015, the IRS suffered a major breach of its "Get Transcript" program, which allowed individual taxpayers to obtain tax transcripts. So much information that the IRS even tells you exactly how long it will (or should) take you to complete their forms.