Washington, D.C. – The IRS has some advice for taxpayers who missed the tax filing deadline.
File as soon as possible. If you owe federal income tax, you should file and pay as soon as you can to minimize any penalty and interest charges. There is no penalty for filing a late return if you are due a refund.
Penalties and interest may be due. If you missed the April 15th deadline, you may have to pay penalties and interest. The IRS may charge penalties for late filing and for late payment. The law generally does not allow a waiver of interest charges. However, the IRS will consider a reduction of these penalties if you can show a reasonable cause for being late. «Read the rest of this article»
IRS Answers Common Questions for Last-minute Tennessee Filers
April 6, 2013 |
Nashville, TN – With just days to go before the tax filing deadline, the IRS reminded Tennessee taxpayers to file either a tax return or an extension request by April 15th.
“Missing the tax deadline can be costly,” said IRS spokesman Dan Boone. “But taxpayers can easily avoid or reduce the penalties by taking action no later than April 15th,” . «Read the rest of this article»
IRS Offers Tax Filing Tips for Tennesseans
March 24, 2013 |
Nashville, TN – Spring is here and that means the April 15th tax filing deadline can’t be far away. Some people will wait until the last minute to file.
IRS spokesman Dan Boone offers these five tips for the estimated 605,000 Tennesseans who will wait until April to file. «Read the rest of this article»
Internal Revenue Service now Accepting All 2012 Returns
March 5, 2013 |
Washington, D.C. – The Internal Revenue Service announced today that it has finished updating its tax-processing systems allowing all remaining individual and business taxpayers to file their 2012 federal income tax returns.
Over the weekend, the IRS completed reprogramming and testing of its systems for tax-year 2012 including all remaining updates required by the American Taxpayer Relief Act (ATRA) enacted by Congress in January.
«Read the rest of this article»
IRS Free File Makes Filing Easy and Free
February 19, 2013 |
Washington, D.C. – Everyone can prepare and e-file a federal tax return for free through the IRS Free File Program. That’s right – everyone.
Free File is offered through a public-private partnership between the Internal Revenue Service and brand-name tax software companies. Free File offers two options: easy-to-use software or online fillable forms. «Read the rest of this article»
IRS To Accept Tax Returns with Education Credits, Depreciation Next Week
February 9, 2013 |
Washington, D.C. – The Internal Revenue Service announced today that taxpayers will be able to start filing two major tax forms next week covering education credits and depreciation.
Starting Sunday, February 10th, the IRS will start processing tax returns that contain Form 4562, Depreciation and Amortization. And on Thursday, February 14th, the IRS plans to start processing Form 8863, Education Credits. «Read the rest of this article»
IRS Offers Tips to Help Taxpayers with the January 30th Tax Season Opening
January 27, 2013 |
Washington, D.C. – The IRS will begin processing most individual income tax returns on January 30th after updating forms and completing programming and testing of its processing systems.
The IRS anticipated many of the tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), but the final law requires some changes before the IRS can begin accepting tax returns.
«Read the rest of this article»
Internal Revenue Services says Tax-filing and Payment Extensions Expire October 15th
September 30, 2012 |
Check Eligibility for Overlooked Tax Benefits; Choose e-file; Payment Options Available
Washington, D.C. – The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on October 15th to double check their returns for often-overlooked tax benefits and then file their returns electronically using IRS e-file or the Free File system.
Many of the more than 11 million taxpayers who requested an automatic six-month extension this year have yet to file. «Read the rest of this article»
IRS reminds Truckers that for most, Highway Use Tax Return Due August 31st
August 27, 2012 |
Washington, D.C. – The Internal Revenue Service today reminded truckers and other owners of heavy highway vehicles that in most cases, their next federal highway use tax return is due on August 31st, 2012.
The deadline generally applies to Form 2290 and the accompanying tax payment for the tax year that begins on July 1st, 2012, and ends on June 30th, 2013. Returns must be filed and tax payments made by August 31st for vehicles used on the road during July. «Read the rest of this article»
IRS Offers Tips for After Tax Day
April 19, 2012 |
Nashville, TN – Tax day has come and gone for most people, but dealing with taxes may not be done for some. Internal Revenue Service spokesman Dan Boone offers these tips for handling some typical after-tax-day issues.
Didn’t file by April 17th? It’s too late to request an extension of time to file, so the important thing is to file your return as soon as possible. If you owe taxes with your return, you may be charged interest and penalties on anything not paid by April 17th, along with a late-filing penalty. To reduce the penalties and interest, pay as much as you can with the return. «Read the rest of this article»
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