Tag Archives: file taxes

Money Monday: Last-Minute Tax Advice

With just a day before the April 18 deadline to file your taxes, here’s a few last minute tips.

  1. File! Even if you don’t have all the money to pay, it’s much better to file a return than to not file at all. “The penalties for not filing a tax return are 10 times greater than those for filing but not being able to pay taxes due.” (Money.CNN.com. “5 last-minute tax tips you need to know now.” http://money.cnn.com/2017/04/13/pf/taxes/tax-tips/index.html?iid=SF_LN)
  2. You can file for an extension. It’s simple and quick to do on the IRS website, and it will buy you some time. Just be aware that late-payment penalties will be tacked on, beginning after the April 18 deadline.
  3. You can still get professional help. One place to go for help is the VITA program; the “Volunteer Income Tax Assistance program provides specially trained IRS-certified volunteer tax preparers that can help taxpayers with basic income-tax preparation needs.” (Money.CNN.com. “5 last-minute tax tips you need to know now.” http://money.cnn.com/2017/04/13/pf/taxes/tax-tips/index.html?iid=SF_LN)
  4. Two more key tips available here on Money.CNN.com: “5 last-minute tax tips you need to know now.”

Money Monday: Questions about taxes

Tax season: the deadline is nearing; have you done your taxes yet?

taxes

Perhaps you haven’t started or completed your taxes because you have questions. You may be embarrassed to ask them, but CNN Money has answered some of them; read their article to find out the answers:

  • Do you have to file a federal tax return?
  • How long does it take to get your refund?
  • Can the IRS withhold a refund?
  • What do you do if you owe the IRS but can’t afford to pay?
  • Will you get audited?

Find out the answers to these questions here: “(Not so) dumb tax questions you’re too embarrassed to ask“.