Oct. 15 is almost here, and
it’s the last day to file for most people who requested an automatic
six-month extension for their 2017 tax returns. These taxpayers should
remember that they can file any time before Oct. 15 if they have all
their required tax documents. They can also pay their tax bill in full,
or make a partial payment, anytime, by visiting IRS.gov/payments.
As extension filers prepare to file, here are some things they should know:
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A refund may be waiting. Anyone due a refund should
file as soon as possible to get their money. The sooner someone files,
the sooner they’ll get it. Don’t forget to use Direct Deposit.
It is the best and fastest way for taxpayers to get their tax refund
electronically deposited for free into their financial account.
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They should consider IRS Direct Pay. Taxpayers who owe taxes can pay them with IRS Direct Pay.
It’s the simple, quick and free way to pay from a checking or savings
account. Taxpayers can just click on the ‘Pay’ at IRS.gov.
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Here’s what taxpayers should do about a missed deadline.
Anyone who did not request an extension by this year’s April 17
deadline should file and pay as soon as possible. This will stop
additional interest and penalties from adding up. IRS Direct Pay offers a
free, secure and easy way to pay taxes directly from a checking or
savings account. There is no penalty for filing a late return for people
who are due a refund.
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Taxpayers should remember the Oct. 15 Deadline.
Taxpayers who aren’t ready to file yet should remember to file by Oct.
15 to avoid a failure-to-file penalty. Taxpayers who owe and can’t pay
their balance in full should pay as much as they can to reduce interest
and penalties for late payment. They can use the Online Payment Agreement
tool to apply for more time to pay or set up an installment agreement.
In most cases, the failure-to-file penalty is 10 times more than the
failure-to-pay penalty.
- More Time for the Military. Members of the military and others serving in a combat zone get more time to file. These taxpayers typically have until at least 180 days after they leave the combat zone to both file returns and pay any taxes due.
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