5 things to know about Tax Day: refunds are up, audits down

Taxpayers get a bit of an extension this year

If your tax refund vanishes too quickly, don’t have it all sent directly to your checking account.

When is the deadline to file my tax returns? There is no need to file a separate Form 4868 extension request when making an electronic payment and indicating it is for an extension.

Additionally, even if you don't pay federal income taxes, it's hard to escape all tax liability. I am pretty conservative with money, so my recommendation for most people would be to plan your tax withholding so that you get a small refund when you file. "Taxpayers who pay as much as they can by the due date reduce the overall amount subject to penalty and interest charges". There are exceptions for those serving in a combat zone, a qualified hazardous duty area, or those living outside of the United States, however.

As Tuesday night's tax deadline approaches, the New York State Department of Taxation and Finance is reminding residents of free resources they can use to help them with filing. But if you're pretty sure you're going to owe taxes, you must provide an estimated payment or face penalties.

Taxpayers who are not ready to file by the deadline should request an extension of time to file.

The Internal Revenue Service reported yesterday that 103.6 million Americans had already filed taxes.

If you choose not to file or get an extension, you will be hit with a failure-to-file penalty.

Chelsea will go to Manchester United to win, says Antonio Conte
In the 17 minute, Adam Smith unluckily deflected a shot from Diego Costa into his own goal , giving Chelsea an early (1-0) lead. But the win over Bournemouth restored the seven-point lead.

Form 5558 - An application for extension of time to file certain employee plan returns. "As part of our safeguard measures, some taxpayers may be asked to verify that they filed a return or to verify their identities before a refund is issued", according to Tax Commissioner Dale Steager.

Not only can paying your taxes late get expensive due to interest and fees, it could potentially damage your credit: The IRS could place a lien against your property for unpaid tax debt, which will show up on your credit report as a derogatory item.

If you're unsure whether you have enough deductible expenses to make itemizing worthwhile, check out "Could These 12 Weird Tax Deductions Save You Money?".

You also should hang on to tax records for three years if you file a claim for a credit or refund after you filed your original return. But before you file, check this list to ensure you don't make some common mistakes.

During 2015, about 6.5 million taxpayers reported a total of $3 billion in payments, the IRS commissioner told Congress in January. If so, they will supply you with the routing number and account number for the account from which you wish to have the funds withdrawn. All IRS Taxpayer Assistance Centers now operate by appointment. Most major tax software or tax preparers walk you through a series of questions to determine if you're eligible.

But remember, it's possible your tax return could require additional review and take longer.

Related News:

  • Garcia eyes British Open after

    Garcia eyes British Open after "better late than never" Masters win

    Rose came to the green in three and when he missed his par putt, Garcia had two putts for a win, but he needed just one. Following the tournament, the Olympic gold medalist revealed that the loss was definitely 'going to sting'.
    Turkey's premier calls on opposition to respect referendum

    Turkey's premier calls on opposition to respect referendum

    According to the White House, Trump called Erdoğan on Monday to "congratulate him on his recent referendum victory". The board's decision to accept ballots without official stamps was like "changing the rules midgame", he said.
    Japan says differences with USA  on economic talks

    Japan says differences with USA on economic talks

    Pence said Trump sees the talks as a way to improve business ties with Japan and is hoping for quick results. Trump once seemed to understand how America had been taken to the cleaners during and after the Cold War.
  • Prince William and Prince Harry at Anniversary of Vimy Ridge

    Prince William and Prince Harry at Anniversary of Vimy Ridge

    The prime minister delivered the address at the commemorative ceremony marking the 100th anniversary of the Battle of Vimy Ridge. Prince William, Prince Harry and Justin Trudeau remembered those who sacrificed their lives in the Battle Vimy Ridge.
    Bannon, Kushner meet to smooth tensions

    Bannon, Kushner meet to smooth tensions

    But after his removal from the National Security Council, Bannon said his job was done and offered a different explanation for his role.
    Tip-in by Ryan lifts Senators over Bruins 4-3 in overtime

    Tip-in by Ryan lifts Senators over Bruins 4-3 in overtime

    However, the team came away with even more injuries in the series opener, and will potentially have more holes to fill in Game 2. The Senators outshot the Bruins 10-3 in the first, taking advantage of several defensive breakdowns on their side of the ice.
  • Palace recovers to hold Leicester 2-2 and boost survival bid

    Palace recovers to hold Leicester 2-2 and boost survival bid

    Wayne Hennessey could only get finger-tips to the well struck shot, helping it into the back of the net. It's a fantastic point. "It kept our run going, showing just how good we are at the moment".
    Documents highlight Prince's struggle with opioid addiction

    Documents highlight Prince's struggle with opioid addiction

    Another half-sibling, Lorna Nelson, also alleged drug use by Prince but was not involved in getting drugs for him, Padden said. Prince was found dead in the elevator of his home in Chanhassen, Minnesota, by Mr Johnson on 21 April previous year .
    Churches host services for holiest day on the Christian calendar

    Churches host services for holiest day on the Christian calendar

    She says their musical talents come from God. "All our beliefs are based on the resurrection, that Christ died and was risen". Stephy Nobles-Beans is the assistant pastor at the Church of Berachah at 25th Avenue and Grand Boulevard in Spokane.
  • Bandai Namco Announces New Action RPG Code Vein

    Bandai Namco Announces New Action RPG Code Vein

    They can't share a clear answer for which hardware it is being made for, but they plan to release it on console. You'll be hunting the Lost, and draining any remaining blood using a piece of equipment called a Blood Veil .
    Space station supply ship at launch pad honors John Glenn

    Space station supply ship at launch pad honors John Glenn

    John Glenn, extending the research legacy for living and working in space", said USA space agency commentator George Diller. Orbital ATK Cygnus spacecraft will be launched on April 18, 2017, to resupply the International Space Station.
    Trump Administration Is Contradicting Itself On Regime Change In Syria

    Trump Administration Is Contradicting Itself On Regime Change In Syria

    The United States earlier on Thursday night launched 59 Tomahawk cruise missiles at the military airfield in Ash Sha'irat. US Secretary of State Rex Tillerson will visit Moscow as planned after the G7 meeting in Italy this week.


Most liked

Pence says Washington will 'reform' FTA with S. Korea
Washington is increasingly anxious about North Korean efforts to develop a nuclear-tipped missile that could hit the USA mainland. Pyongyang watchers have been expecting a sixth nuclear test by the North in line with key anniversaries this month.

India's monsoon rains seen at average levels in 2017-weather office
The IMD said the monsoon seasonal rainfall is likely to be 96% of the Long Period Average (LPA) in the current year. This means the state, which is reeling under its worst drought so far, can not wish it away even during monsoon.

Riz Ahmed Demolishes James Corden in 'Drop the Mic' Rap Battle
Ahmed also mention drop a Girls reference with "Yeah, I had Lena's baby". You're not an emcee, you begged me to let you down gently. His lyrics lack depth just like when he acts.

Kids Grab Their Baskets and Easter Egg Hunt
The Eagles work with South Sound Parent to Parent to put on the special needs Easter egg hunt. Other sponsors came on board to donate prizes and resources to help make the event possible.

United Airlines CEO Releases Third Statement Finally Apologizing After Passenger Incident
At a City Council committee hearing Thursday, aldermen ripped officials from United and the department about the episode. Three people got off the flight, but the fourth said he was a doctor and needed to get home to treat patients on Monday.

Lukaku rejects West Ham twice
And it now appears that West Ham are big fans of the Belgium worldwide , with Lukaku on the Hammers' radar. At the same time, Chelsea have been linked with a summer move for Real Madrid forward Alvaro Morata.

Bozak's OT goal gives Maple Leafs series lead over Capitals
Washington came out with their hair on fire, applying consistent pressure in the Toronto zone and creating quality chances early. How they got here, losing two games against a Leafs team they generally manhandled in the regular season, is perplexing.

Facebook Spaces Brings a Fun Way to Interact in VR Environment
You can also remove your friends from your space , and pause or mute if you need to take a break from the virtual world. You can also see Facebook content, such as 360 videos and photos, which can take you to the scene virtually.

Johnson, McIlroy betting favorites on 2017 Masters odds
Jordan Spieth got an early jump on this year's Masters tournament after missing the cut at the Shell Houston Open last weekend. He told me once: 'I never think about it. "I struck the ball the best I have this year, for sure.

Brighton returns to English top-flight after 34 years
Bruno, first-choice right-back, turns 37 this year, while another head will need to be added in the striking department. Brighton eventually found the breakthrough seven minutes before the interval.

British & Irish Lions 2017: Warren Gatland makes shock exclusion from squad
Billy Vunipola, of Saracens and England, and his Wales counterpart Taulupe Faletau, will be the two No8s. You have to consider whether he would be a good tourist in other personality aspects.

JJ Watt huge fan of Rockets guard Patrick Beverley
Though relying heavily on 3-pointers has always been a hallmark of D'Antoni's offense, he's taken it to another level in Houston . Not only has Russ changed his game to meet the needs of his team, he has also changed the game and the way it's played.

WWE: Tonight on Smackdown
She was interrupted by the reigning champion Naomi, who proceeded to inform her that there were no queens on SmackDown . The Phenomenal One and The Lone Wolf clash in this week's main event, with Kevin Owens watching from ringside.

Snyder's-Lance Inc (NASDAQ:LNCE) & Plug Power Inc (NASDAQ:PLUG) News Recap
According to their observations and findings, the stock could provide a high EPS of $-0.04/share and a Low EPS of $-0.06/share. Gsa Capital Llp reported 5,755 shares. 143.12 million shares or 4.22% more from 137.32 million shares in 2016Q3 were reported.

Putin and Rouhani Condemn US Airstrikes in Syria in Phone Call
Iran and Russian Federation have been the key backers of Assad and refer to all Syrian opposition groups as "terrorists". Haley said that Trump's administration has "multiple priorities" and "getting Assad out is not the only priority".