IRS issues last call to collect leftover tax refunds

And even if you pay nothing at all, it's still it's important to file your taxes or an extension on April 18 all the same. "You just hit send by 11:59 p.m. and you're good". Collect and include your receipts when you file for this deduction.

"Section 7503 of the Code provides that, when April 15 falls on a Saturday, Sunday, or legal holiday, a return is considered timely filed if it is filed on the next succeeding day that is not a Saturday, Sunday, or legal holiday".

Note, however: Filing an extension gives you more time to fil, but it doesn't give you more time to pay any taxes you owe. Once you submit your request - which you can quickly do online - you get an extra six months to file your tax return.

"If you pay at least 90 percent of your total tax due, we won't impose a late-payment penalty as long as you file your return and pay the remaining tax due by October 15", according to the Department of Revenue.

CNN reports, The IRS says it will begin start sending out letters this month to affected taxpayers.

The department encourages filers to use e-file software, which is a quick and convenient way to file, especially with the deadline looming.

There's no penalty for those who are owed refunds, Horn acknowledged. That's one-fifth of all those filed in 2016, a 24 percent surge in late-season filings from the previous year. If both penalties are due in the same month, the failure to file penalty is reduced to 0.5%. "Taxpayers must pay at least 90 percent of their 2016 tax bill by April 18 or they will face late-payment penalties and interest", said Pickering. Business-related items are tax deductible, of course, but so are odd items like swimming pools and hot tubs, the cost of which can be deducted if they are doctor-prescribed (in one adviser's case, her client's child needed swim therapy).

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The process and requirements for filing for a state tax extension vary.

The IRS won't reject an extension request, unless you're being investigated or are in some kind of trouble already with the IRS, Veldt said.

"I think the tax returns have become more complicated over the years - as Congress has added more provisions", Viard responded.

"The first second you feel uncomfortable, that's the time to seek professional help".

Many taxpayers have no choice but to file for an extension, especially if they're wealthy and have complicated financial situations.

Tuesday night is the deadline to file state and federal taxes in MA.