52, and Kyna Felder-Ruiz, 35, were indicted Wednesday on multiple charges accusing them of filing dozens of fraudulent tax returns that inflated their clients refunds, dating to 2012.
Low income earners can get help filing their tax returns for free. A tax extension gives you an additional six months to file your taxes. They said those instructions came from a co-owner of Fast Tax in Winston-Salem. If you haven't filed yet, experts say you need to file for an extension.
H&R Block senior tax analyst Crystal Hartman said 1 out of 3 tax returns are prepared in the last week of filing season.
Officials say a tax extension is an extension of time to file, not an extension of time to pay.
Credit Karma Tax GM explained that there is a "good chance that the perceived complexities of reporting cryptocurrency gains are pushing filers to wait until the very last minute".
On Tuesday, the IRS alerted consumers to a new email tax scam. So even if you owe more than you can pay right now, file your return and contact the IRS to set up a payment plan. Go back and look at what you paid in taxes past year, including both withholdings and any payments you made (including estimated quarterly payments as well as payments you made last April).
Of course, the sooner you file the sooner you get your refund, if you're due one. While this is nearly certainly smaller than the actual number of people experiencing these events, it may not be an accurate comparison for the 2017 tax year because of the vast differences in popularity of the cryptocurrency space between those periods.
However, if you can't find a way to pay - file anyway.