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Options Available For People Who Can't Meet Tax Deadline

Options Available For People Who Can't Meet Tax Deadline

Also on this tax day you can cash in on some great freebies, specials and discounts.

"So, certainly if you get a call that you feel suspicious just say ok, I'll reach back to you, hang up and dial the IRS directly".

The legislation would codify the IRS' existing Free File program, a partnership with tax preparation businesses to ensure that the bottom 70 percent of taxpayers can file their tax returns for free. The IRS charges 5 percent per year, compounded daily, on any unpaid balance; the late-payment penalty is 0.5 percent per month.

Tax experts say you can file for an extension to avoid some of the costs.

If you haven't filed your 2017 taxes yet, don't worry! It can be accessed at the IRS website at IRS.gov.

You may want to make a contribution to your Tax Free Savings Account (TFSA), make an early 2018 contribution to your RRSP to get growth, contribute to your children's education through a Registered Educational Savings Plan (RESP) or put it into a Registered Disability Savings Plan (RDSP) if appropriate. You don't need to register, write a check or find a mailbox.

Pay by Debit or Credit Card.

If you can't settle your IRS tax debt now, then consider setting up a payment plan. No part of the fee goes to the IRS. Simply download IRS2Go from Google Play, the Apple App Store or Amazon.

"Most people e-file now", he said. At the end of the year, if you've paid more than what you owe, the federal government will issue you a tax refund.

Sign and date your return, and remember if you file jointly that your spouse must also sign and date the return.

One of the fastest, most secure, and least expensive options is to use Direct Pay. The required number of states ratified the amendment in 1913, and Americans have been required to pay federal income taxes ever since.

Alternatively, taxpayers can request a payment agreement by filing Form 9465, Installment Agreement Request. Use the SSN shown first if it's a joint return. This form can be downloaded from IRS.gov/forms and should be mailed to the IRS along with a tax return, IRS bill or notice. Do not send cash through the mail. Visit www.IRS.gov for additional information. An offer in compromise may allow you to settle for less than the full amount you owe.

The Direct Pay system walks you through the process, and there are only a few steps.

Finding out that you owe the IRS additional money can be disheartening, but it's something that you have to handle.

Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS.

A bill sponsored by Rep. Karen Handel (R-Ga.) would require the Treasury Department to give public notice 90 days before the proposed closure of any taxpayer assistance center, and identify alternative sources of taxpayer assistance in the area.

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