Friday, 15 December, 2017

IRS issues last call to collect leftover tax refunds

Caption Bill Wimbiscus Caption Bill Wimbiscus
Juana Turner | 18 April, 2017, 00:56

If you wait until tomorrow evening, e-filing will be your only option if you want to avoid a fine for filing late, because the post office will be closed. The average refund: $2,851. "If you're in a situation where you don't think you can meet the filing deadline requirement ... it's always best to go out and hire competent tax advisors to assist you".

Tuesday at Midnight is the deadline for tax returns.

The 40 million taxpayers who still have not filed a tax return need to file either a return or an extension by the April 18 deadline. Though I'd recommend that everyone file electronically, it's an especially good idea if you're pressed for time.

The IRS said more than $1 billion still remains untouched as a result of people not filing their 2013 federal tax returns.

Taxes are still due by mid-April each year, but if a taxpayer leaves a refund on the table, they can claim it within three years, said Verenda Smith, the deputy director of the Federation of Tax Administrators.

Gayas also promoted the Bureau of Internal Revenue (BIR)'s Electronic Filing and Payment System (EFPS) where filing and payment of tax is done on-line.

President Duterte, in Puerto Princesa earlier this month, said the company did not pay the proper taxes during the Aquino administration, and its tax liabilities were "fixed" by former BIR chief Kim Henares.

Dulay said another case he is looking into is that Lucio Tan who allegedly has unpaid taxes.

The IRS reminds taxpayers that there is no law that permits taxpayers to refuse to file a federal tax return or refuse to pay their taxes. Thus you could decide to keep your tax-deferred account distributions and capital gains below $13,000, and if you need more income than that, you could take a distribution from your Roth account. Anyone not sure whether they need to file a return should see Do I Need to File a Tax Return or refer to Publication 17, Your Federal Income Tax for Individuals, on

A recent press release from the IRS details one new scam that poses as you asking your tax preparer to make a last-minute change to your refund destination, often to a prepaid debit card.

Accountants says it's not too late to file, or ask for help.

Experts stress the importance of getting your taxes done ahead of the deadline. Business-related items are tax deductible, of course, but so are odd items like swimming pools and hot tubs, the cost of which can be deducted if they are doctor-prescribed (in one adviser's case, her client's child needed swim therapy). For most taxpayers, it's fairly easy to get an extension, but you'll have to follow instructions, submit the right documents and get your request in on time. The memorandum notes that the goal of the lien discharge process is to permit the transfer of property free from the lien when it's necessary to clear title and directs the IRS agents to consider whether the estate tax liability is adequately provided for, either through the prior receipt of estimated payments or the escrow of proceeds that are equivalent to the estate tax liability. In other countries, IRS agents have baseball caps and T-shirts, they have bands and slogans, and they brag about it and they're very respected people.


  • Bayern can still turn it around at Real, says Ancelotti

    Here, Press Association Sport takes a look at five things we learned from the Champions League quarter-final first leg. Ronaldo's second-half brace and 100th European goal garnered Madrid precious 2-1 victory at the Allianz Arena .

    Insurers say Trump must do more to stabilize 'Obamacare'

    The open enrollment period for 2018 will be shortened nearly in half under the rule , from November 1 through December 15. Otherwise, she said, premiums will rise 20% across the market, and more insurers would drop out of the exchanges.

    Melissa McCarthy's Sean Spicer returns to SNL

    The opening sequence saw Alec Baldwin reprise his role as US President Donald Trump with Beck Bennett's Vice President Mike Pence. Spicer also raised eyebrows by referring to "Holocaust centres" rather than concentration camps.
  • Google Opens Android to Search Rivals in Russian Federation

    Google Opens Android to Search Rivals in Russian Federation

    In addition, Google will not be able to demand that other competing search engines and apps can not be installed. Per the terms of the settlement, Google must ditch those restrictions in the country.

    Italy plucks 2000 migrants from the Mediterranean Sea

    MSF said in a tweet that one teenager was found dead in a rubber boat whose passengers were rescued by its ship Aquarius. In 2015, at least 3,771 refugees died while crossing the Mediterranean, up from 3,279 deaths the year before.
    US Steel Faces Wastewater Calamity, Dumps Carcinogens into Waterway

    US Steel Faces Wastewater Calamity, Dumps Carcinogens into Waterway

    EPA spokeswoman Rachel Bassler says sampling found no sign that hexavalent chromium entered Lake Michigan. The chemical in question is called hexavalent chromium, which is used to coat steel to prevent rusting.
  • Shark kills teen girl surfing with father

    Shark kills teen girl surfing with father

    It was initially reported she was fighting for her life, but it was later confirmed she died in Esperance Hospital . People have now been advised to stay clear of going to the area for at least the next 48 hours.
    Brad Pitt and Angelina Jolie divorced, actor declares war again

    Brad Pitt and Angelina Jolie divorced, actor declares war again

    Jolie and Pitt have begun disposing of their other homes, including their French chateau and New Orleans mansion. This comes as a shock not only to the fans but also to Brad Pitt as their divorce has not yet been finalized.

    Walcott says Arsenal let down Wenger as well as the fans

    Flamini made 246 appearances over two spells at Arsenal but is now concentrated on helping to keep Palace in the top-flight. We played with a desire to win the game tonight, with a very offensive team because we knew we had to score goals .
  • Trump declares US-Russia relations may be at 'all-time low'

    Trump declares US-Russia relations may be at 'all-time low'

    USA officials have said that there is "no doubt" that Syrian President Bashar al-Assad is responsible for the attack. But also, the United States feels right now that it has made the case that Russian support for Assad must end.

    Civil rights groups alarmed over retreat on police reforms

    During the Obama administration, the Department of Justice opened 25 investigations that resulted in 14 consent decrees. The consent decree agreed to in May 2015 provided for an oversight commission and an emphasis on "bias-free policing".

    Pence aims to reassure allies amid North Korea threat

    The regime's last missile launch came less than two weeks ago on April 5th, and that was a medium-range KN-15 ballistic missile. He was expected to join USA and South Korean troops for Easter Sunday church services and a dinner later in the day.

Nokia 6 starts getting Android 7.1.1 Nougat update Nokia 6 starts getting Android 7.1.1 Nougat update According to a recent report from NPU, Nokia 9 will be the flagship smartphone that the Finnish company is going to release. Nokia 6 Android 7.1.1 Nougat Update: What's New? It also updates Nokia USB driver and version of pre-loaded applications.

US "Not getting along with Russian Federation at all", relations "all time low" US The US has blamed the regime of Syrian President Bashar al-Assad, a close ally of Russian Federation , for the attack. He added ominously, "The world's two foremost nuclear powers can not have this kind of relationship".

Celtics clinch No. 1 seed in East, beat Bucks 112-94 It was clear the effort wasn't the same this regular season as it was last season on that end of the floor. "Now the fun begins". Meanwhile, Wade said he and his teammates needed to carry their positive feelings from Wednesday's win into the postseason.