Last-minute tax tips, ways to increase your refund

Last-minute tax tips, ways to increase your refund

The new measures also include limits on the IRS's ability to seize the assets of businesses who have not committed a crime but are under suspicion of evading reporting requirements. Encrypt sensitive files such as tax records stored on computers. Also keep in mind - this is the previous year you'll be able to take certain tax deductions, including moving expenses for job relocation, money spent on tax prep and financial advisors, uniforms and more.

"For a lot of people, their income may have been higher in 2016 because their income went down in 2017 because they couldn't work because of the post-Harvey problems", Martin said. That way, they can avoid late-filing penalties.

He arrives at this number by assuming that almost a third of all holders are U.S. persons.

The Indiana Department of Revenue (DOR) continues to partner with the Internal Revenue Service (IRS) to share the top tax filing season concerns referred to as the "IRS Dirty Dozen" tax scams for 2018.

What if I need more time to file my 2017 tax return?

After filing your taxes you might be wondering how long you should keep your tax records and documents. University professors are offering their advice to students on how to file taxes and highlighting the resources available to them. Never sign a blank return or one that is completed in pencil, and remember that you are legally responsible for all information on the form.

Each year since 2011, hundreds of thousands of people who were expecting to receive a tax refund have instead received a letter informing them that a parent's debt allowed the federal government to confiscate their refund check.

It's tax season, which means nearly all tax returns need to be submitted by next Tuesday, April 17th.

Violations of the city tax ordinance is considered a misdemeanor by law, and after many reminders from the city, we will put a warrant out for arrest if the resident still fails to comply. It could be an email or a phone call from someone pretending to be an IRS agent saying you owe money.

Even though it seems as though data breaches from Experian, Facebook, Whole Foods, Sonic, Panera, etc., etc. are announced every day; 17 major breaches in January, 2018 alone, the IRS and MI have gotten better at keeping thieves from filing fake tax returns using that information. About 10 million taxpayers are expected to file for an extension, according to Forbes. Although Americans have been regularly paying income tax for over a century, the first Tax Day fell much earlier in the year.

The Tax Foundation defines Tax Freedom Day as the date on which USA taxpayers would theoretically have earned enough to pay the year's taxes.

Make sure you are claiming the right tax credits.

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