Friday, April 12, 2013
The Internal Revenue Service says taxpayers who need more time to file don't need to panic.
Peachtree Corners residents: Can't file your tax returns by the Monday, April 15 deadline? Extensions are available. Those who haven't finished completing their returns can get an automatic six-month extension. The fastest and easiest way to get the extra time, the IRS says, is through this Free File link — use the free service to electronically request an automatic tax-filing extension on Form 4868. Filing this form gives taxpayers until Oct. 15 to file a return and allows individuals to avoid a late-filing penalty. To get the extension, you must estimate your tax liability and also pay any amount due. And if you cannot pay the full amount you owe the government, click here to find out about setting up payments. Related articles: …
Sunday, March 3, 2013
From shopping around for the highest refund to failing to tell your tax preparer about life changes that could affect your taxes, a CPA shares the most common tax mistakes.
Looking for tax professional in Peachtree Corners? Click here to access the Peachtree Corners Patch Directory for businesses offering financial services. DailyFinance has asked Certified Public Accountant Gary Craig to outline some of the most common tax mistakes to help taxpayers avoid making them. Click here to read the full story, and here's an overview of the mistakes you could be making: You might also be interested in reading: Click here to subscribe to the free Peachtree Corners Patch newsletter.
Monday, January 14, 2013
Attention early Peachtree Corners filers: The IRS has announced a delayed start to the 2012 tax filing season.
You'll have to wait a bit if you are used to filing your annual tax return at the earliest possible date. The Internal Revenue Service has revised its opening date for tax season -- pushing it eight days to Jan. 30, 2013. The tax filing deadline is Monday, April 15. The IRS will begin accepting tax returns on January 30, 2013. Most taxpayers should be able to file on that date though some revised forms may not be immediately available. You can blame the delay on the federal "fiscal cliff" crisis and the new tax bill Congress passed just after Dec. 31. You can find more information in this Forbes article. Electronic filing season was originally set to start on Jan. 22 this year. As a result of the delay, nobody will get a refund in January…