Try as they might, many taxpayers do not make the tax deadline on time. The reasons can vary: A busy schedule, a family crisis or simply forgetfulness. No matter the excuse, every year many Americans fail to submit their returns by the date mandated by the Internal Revenue Service.
Believe it or not, some tax debt can be discharged in bankruptcy
If you are like many people here in Ohio and elsewhere, you live paycheck-to-paycheck. You may even have debts such as credit cards, auto loans and others that you struggle to pay each month. Then, when it comes time to do your taxes, you realize that you owe. Even though you may wait until the last minute to file your returns, you know there is no way you can pay your debt to the IRS.
Why is the tax deadline on April 17 this year?
The past year brought many new changes regarding taxes. In winter of 2017, Congress passed the Tax Cuts and Jobs Act, which overhauls many aspects of the American tax code. Many taxpayers have had to adjust to the myriad changes in tax laws. Another change that American taxpayers have had to adjust to this year is the extended tax deadline of April 17.
The simple tax mistakes that could delay your refund
With just one more week to file annual income taxes, many Americans are rushing to prepare their returns on time. Filing taxes at the last minute is hardly ideal, it is the choice that many busy taxpayers make. What many people don’t realize is that rushing through their taxes can lead to easy-to-avoid mistakes that could end up costing you.
Beware these tax scams before filing in Ohio
The Ohio attorney general announced this week that there has been an increase in consumer reports of tax scams. There have been nearly 800 reports of tax scams reported to the Ohio Attorney General’s Help Center this year. With the tax-filing deadline only two weeks away, the Attorney General’s Office is ramping up its efforts to warn consumers of potential tax scams.
