Remember, Your IRS Deadline Has Been Extended!

Remember, this year taxes for most people are due April 17. Taxpayers residing in the states of Maine, Maryland, Massachusetts, New Hampshire, New York and Vermont, as well as the District of Columbia have until April 18 to file. 
 
 
Last Minute Filing Questions and Answers
 
How Can I Pay My Taxes?
 
Last year 1.5 million taxpayers paid taxes via credit cards. Keep in mind, though, that using a credit card to pay taxes will require you to pay a third-party transaction fee. Another option is to make an Electronic Funds
Transfer which allows the IRS to deduct the money from your bank account. You can also arrange to pay what you owe in monthly installments. You should discuss these options with a licensed tax professional or IRS representative.
 
What is the No.1 mistake taxpayers make?
 
The answer is Bad Math. 
 
According to the IRS, errors in addition and subtraction are the most common mistakes taxpayers make. Experts say that a mistake in arithmetic or in transferring figures from one schedule to another result in an immediate
correction notice. You can't appeal these corrections, but you can ask in writing that they be reviewed if you think the IRS made a mistake.
 
Remember to check your figures carefully before you send your prepared tax form to the IRS.
 
Which Reporting Form Should I Use? 
 
For more information on which reporting form to use, see "Which Form Should I Use?" in IRS Publication 17 or visit the IRS website . 

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