Tax deadline approaches: Tips to file on time, obtain extensions and avoid IRS penalties

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Deadline News

Extension,File,Form

Taxes are due in just a few days, and millions of Americans are expected to ask the IRS for an extension.

FILE - A portion of the 1040 U.S. Individual Income Tax Return form is shown July 24, 2018, in New York. are expected to ask the IRS for an extension.

“One of those mistakes we see people make is that they just get scared so then they put it aside and say ‘no, I don’t want to deal with it at all,” which is about the worst thing you could do," explained Kathy Pickering, Chief Tax Officer for H&R Block, in an interview with CNN. It all can be very intimidating, but there is software like TurboTax. You can also go to a professional tax preparer in person.will issue a five percent penalty for each month you are late. The penalty could be as much as 25% of your unpaid taxes.

Extension File Form IRS Penalties Refund Tax

 

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