Tax crunch time is here: what to do before Tax Day

But whether you file by Tax Day, or request an extension, the key is filing on time to avoid penalties and other costly mistakes."You will be surprised how many people wait," she said."Every year, we see people walk in the door at 11 p.m., April 15."

But waiting until the last minute creates problems, she says, because many taxpayers forget important forms. "A lot of people don't bring all the documentation they need," she said, and then she has to send them back home again.Mark Steber withJackson Hewitt agrees, saying it's important not to miss the deadline, but also saying you don’t want to lose sight of the need for accuracy."Just because you didn't get, it doesn't mean you can leave it off your tax return," he said, because there is a very good chance the IRS did get that form, and is aware of that income.

Steber says you should track down any missing forms by reaching out to your employer or other issuer.But he says another common mistake is thinking an extension gives you more time to pay."If you're going to owe taxes, you have to have those paid in on time by tax day, April 15, or run the risk of penalties and interest," he said.For last-minute tax help in person, however, Steber says watch out for fake tax preparers you may find advertising on social media.

Gina Pinto says whether you are doing it yourself or visiting an office like her Liberty Tax office,"don't wait, don't wait."____________________________________For more consumer news and money saving advice, go to www.dontwasteyourmoney.com

TAX CRUNCH TIME TAX DEADLINE TAX FILING EXTENSION TAX FILING MISTAKES

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

National Deep Dish Pizza Day: Chicago mayor declares April 5 'Giordano's Pizza Day'One Chicago pizzeria is marking a special milestone on this National Deep Dish Pizza Day!
Source: fox32news - 🏆 547. / 51 Read more »

April Fools' Day was really something back in the day, these 3 California pranks showApril 1 just hit different before social media.
Source: latimes - 🏆 11. / 82 Read more »

Don’t wait until April 15: Free tax prep in the MissionFree tax preparation services are available across the Mission, both in-person and virtually, in English, Spanish and other languages.
Source: SFnewsnow - 🏆 237. / 63 Read more »

Last minute tips as the April 15 tax deadline approachesThe deadline to file your taxes is April 15. If you’re still working on yours, we have some last-minute advice to help you get the most out of your efforts.
Source: wjxt4 - 🏆 246. / 63 Read more »

Avoid these common tax scams as the April 15 filing deadline nearsFraudsters are on the prowl during tax season. To protect yourself, it helps to know what the IRS won't ask you to do.
Source: CBSHealth - 🏆 480. / 51 Read more »

Penfield CPA offers crucial tax advice ahead of April 15 deadlinePenfield, N.Y. (WHAM) — Penfield CPA and Attorney Neeraj Shah offered advice to taxpayers ahead of April 15th.Local attorney and CPA Neeraj Shah has been hard a
Source: 13WHAM - 🏆 256. / 63 Read more »