Watch out for tax scams ahead of April deadline

Watch out for tax scams ahead of April deadline

Watch out for tax scams ahead of April deadline

Residents who plan to mail their IRS tax returns are encouraged to complete their required paperwork and mail it at the post office prior to 4:30 p.m. Tuesday, in order to ensure it has an April 17 postmark.

For those of you who still need to turns yours in, experts with Quality Tax Service share a few last-minute tips.

If you're getting a refund, the IRS would like you to file on time.

If you do not think you're going to make the April 17 deadline, you can log onto www.irs.gov and fill out a 4868 form for an extension, but even if you do fill out the form, you may be still charged a penalty from the IRS.

According to federal law, District of Columbia holidays impact tax deadlines in the same way that federal holidays do; therefore, all taxpayers will have two extra days to file this year.

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Telephone calls to the IRS may have long wait times. About 14 million Americans will get an extension this year, the IRS said.

Taxes are due on Tuesday. The sooner you get started, the sooner you can start planning that summer vacation.

"If I had to guess, there's probably a lot of underreporting", said Elizabeth Crouse, a Seattle-based partner at law firm K&L Gates. If you're married filing jointly and your adjusted gross income is less than $150,000, just make sure that this year's withholdings plus payments equal the same as last year. Check with your state's department of revenue/taxation for information about filing for a tax extension. Certain deadlines falling on or after December 4, 2017 and before April 30, 2018, may be granted additional time to file through April 30, 2018.

An extension, however, serves to delay only any refund you have coming. And filing earlier in the season gives you time to more carefully prepare your returns and avoid errors. The PIN will provide an extra layer of security and help prevent identity theft, something that Joseph notes is especially important in the wake of the massive Equifax data breach. You can do much smarter things with that money, like putting it into a retirement plan or a college savings fund or maybe paying down outstanding debt or replenishing your emergency reserve fund.

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