{"id":3635,"date":"2008-08-24T23:07:45","date_gmt":"2008-08-25T04:07:45","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/08\/24\/procrastinators-last-minute-guide-to-tax-filings\/"},"modified":"2008-08-24T23:07:45","modified_gmt":"2008-08-25T04:07:45","slug":"procrastinators-last-minute-guide-to-tax-filings","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=3635","title":{"rendered":"Procrastinators Last Minute Guide to Tax Filings"},"content":{"rendered":"
by Rich Chappo<\/div>\n

April 15th. Is there a day that makes American groan more? Yep, it is the annual tax filing deadline. Oh, the fun. If you have been procrastinating on your return, here is what you need to know.<\/p>\n

The good news<\/a> is you have a few extra days to file in 2007. The tax code is based on business days. Any deadline that falls on a weekend is automatically bumped to the following Monday. That is the case this year, so you have to the 17th to file.<\/p>\n

Preparing tax returns is a complex matter. If you don’t believe me, just try reading one set of instructions kicked out by the IRS. Instead of doing a sloppy preparation, you might want to get more time. 4868 is the form you need to file.<\/p>\n

The IRS automatically accepts the tax filing extension. It is also good for a six month period. This means you have until October 16th to file your personal returns. You can request a second extension then, but they are not often granted.<\/p>\n

While the IRS is pretty liberal when it comes to filing returns, the agency has a different attitude towards payments. Yes, you can have more time to file the return, but you better pay whatever you owe now or you will pay penalties and interest. Send in money with the extension.<\/p>\n

Nothing is worse then preparing your return and then realizing you don’t have enough money to pay the amount due. This leads to quandary and massive headache. Is there any potential relief?<\/p>\n

The first option is not to file. Instead, you can wait till you have the money to pay Uncle Sam. This is generally not a good idea since you will accrue penalties and interest on the entire amount due.<\/p>\n

If you are ready to file, but short on cash, go ahead and file. Send in what you can even if it is less than you owe. The IRS will send you a notice of shortfall. You can then request a payment plan.<\/p>\n

Filing even if you can’t pay is smart for a few reasons. First, you don’t send up red flags at the IRS. Second, you will ultimately pay less then not filing. You will still pay penalties and interest on what you owe, but the amount will be less because you made at least a partial payment.<\/p>\n

Assuming you are ready to file and have the money, how do you go about actually making payment? Most just send in a check made out to the United States Treasury. The IRS now also allows credit<\/a> card payments. Visit the agency online to find an approved vendor.<\/p>\n

Finding out you are due a refund is a blissful moment. Then greed sets in. When will you get it? You can go to the IRS site and find out. Just click the “where is my refund” link and follow the directions.<\/p>\n

Filing taxes is one of those things we all tend to put off until the last moment. Well, the last moment is here!<\/p>\n

\n
About the Author:<\/div>\n
tax help<\/a> is available at BusinessTaxRecovery.com.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

April 15th. Is there a day that makes American groan more? Yep, it is the annual tax filing deadline. Oh, the fun. If you have been procrastinating on your return, here is what you need to know.<\/p>\n","protected":false},"author":1748,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[77],"class_list":["post-3635","post","type-post","status-publish","format-standard","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1748"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3635"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3635\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}