Running out of time to file taxes?

by Echopress.com

Tax

With just two days until the April 17 tax deadline, the Internal Revenue Service reminds anyone running out of time that they can easily get an automatic six-month tax-filing extension. And, the easiest and quickest way to get an extension is online through the Free File link on IRS.gov.

In a matter of minutes, anyone, regardless of income, can use this free service to electronically request an automatic extension using Form 4868 . Filing this form gives taxpayers until Oct. 15 to file a return. This is an extension of time to file; not an extension of time to pay.

In Minnesota, about 143,600 taxpayers are expected to request an extension of time to file their tax return.

“Typically, we see around 25 to 30 percent of returns filed in the remaining weeks of the filing season,” said Carrie Resch, IRS spokesperson. “An extension can offer valuable breathing room if you can’t make the deadline and it also helps filers avoid common mistakes that happen when people are rushed.”

When time is running short, another way to avoid common mistakes and still meet the deadline is to consider e-filing.

Read more…

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About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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