Millions of Americans Still Haven't Filed Their Taxes

Caption Bill Wimbiscus

The IRS expects about 18 million people to file in the last week, and an additional 12 million returns to be received after the deadline. Earlier this spring, the IRS issued a statement acknowledging that it's reviewing its process and considering suggestions made by practitioners, and on April 5, the IRS issued a memorandum providing internal guidance on processing requests for discharging the estate tax lien.

Member of the military or support personnel who are serving in a combat zone have 180 days beyond when they leave the combat zone to file their tax returns and pay any taxes due.

Taxpayers in Presidentially-declared disaster areas, members of the military serving in a combat zone and Americans living and working overseas get extra time to both file their returns and pay any taxes due. Individuals who owe zero MI tax or are due a state tax refund are not required to file an extension. Therefore, if you expect that you may owe, you should consider sending a payment to reduce or avoid penalties for failure to pay in a timely manner. If you're up against the clock as the April 18 filing deadline looms, here are a few tips you can use. Taxpayers can either use an IRS installment plan or use a credit card. Some who choose not to are within their rights: If you have a very low income, you probably don't need to file.

Only e-file your taxes with one of the reputable tax websites like TurboTax, H&R Block, eSmart Tax,, Free Tax USA, TaxAct, and TaxSlayer. Requesting direct deposit of a state tax refund is convenient and enables the taxpayer to access their money faster.

More than 8 million extension requests are expected through this week, with the vast majority of those Forms 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, being filed electronically. Beyond that, if you are due a refund, you've lost it.

Now remember - before we go any farther - if you're sure you don't owe money, your tax return is not actually due by April 18.

"There is no question that Americans find it hard and unpleasant to file taxes", Viard told OneNewsNow.

Don't make the mistake of finding you have a tax bill and then burying your head in the sand, Piershale added. Short-term capital gains taxes apply to investments that you've owned for one year or less, and they're equivalent to your income tax rate. But a tax extension doesn't grant you more time to pay what taxes you owe beyond the tax due date.

Taxpayers requesting an extension will have until Monday, October 16, to file. "In other countries, it takes 10, 15 minutes to pay your taxes, and it costs nothing".

During tax season, there is a lot of talk about deductions, but tax credits are where the big savings occur. You can make a payment in order to get an extension. The automatic income tax extension allows you six more months to submit your federal tax forms.



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