Millions Prepare for Tax Deadline

"Better to Mega"
Mega Refund
04.15.2016

Here is a brief summary over the Tax Deadline for 2015 Income Tax Reporting! Enjoy!




WASHINGTON — The Internal Revenue Service today offered last-minute advice today as more than 10 million taxpayers prepare to file tax returns in the next few days and millions more seek six-month extensions.

Millions of tax returns are expected to be filed each day as the tax deadline approaches, with more than 5 million returns possible on April 18.

According to statistics issued today, the IRS has received 107 million individual income tax returns about 70 percent of the 150.6 million the agency projects that it will receive during 2016.

The IRS reminds taxpayers that quick and easy solutions are available if they can’t file their returns by the April 18 deadline (April 19 for taxpayers in Maine and Mass.).
For those who have yet to file and need more time to finish their returns, tax-filing extensions are available. Remember, this is an extension of time to file; not an extension of time to pay. The IRS projects that it will receive 13.5 million requests for extensions of time to file, the majority of these will be e-filed.



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Source article found at IRS.GOV

For more on the latest tax updates and news, follow us online at MegaRefundIncomeTax.com! 

-Mega Refund

DeadLine for 2015 Filing Report!

"Better to Mega" 
Mega Refund
04.06.2016

Here is an article on the latest news from the IRS; filing date changes for the End of the Tax Season!




IRS:

When to file

Generally, April 15 of each year is the due date for filing your federal individual income tax return if you are a calendar year filer whose tax year ends on December 31. If you use a fiscal year (which is a year ending on the last day of any month other than December), your return is due on or before the 15th day of the fourth month after the close of your fiscal year. If the due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day (for example, Friday, April 15, 2016, is Emancipation Day, so tax year 2015 returns are due Monday, April 18, 2016. Taxpayers in Maine and Massachusetts observe Patriots' Day on April 18, 2016, so they will have until Tuesday, April 19, 2016 to file). Your return is considered filed timely if the envelope is properly addressed and postmarked by the due date.

If you served or are serving in a combat zone or a contingency operation, or become hospitalized resulting from an injury received while serving in such an area or operation, after the end of your tax year but before the normal filing due date of your return, you may have additional time to file and pay taxes. You have at least 180 days after you leave the designated combat zone/contingency operation to file and pay taxes. See Publication 3, Armed Forces' Tax Guide. If the Service determines you to be affected by a presidentially declared disaster or a terroristic or military action, you may have up to one year after the due date of your return to file and pay taxes, depending on the deadline specified by the Service. If you are living and working outside the United States and Puerto Rico, please refer to the instructions in Form 4868 (PDF), Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, and to Topic 304.

Extensions to file - If you cannot file by the due date of your return, then you can request an extension of time to file. To receive an automatic 6-month extension of time to file your return, you can file Form 4868 by the due date of your return. See Topic 304 for more information. However, an extension of time to file is not an extension of time to pay. You will owe interest on any past-due tax and you may be subject to a late-payment penalty if the payment of tax is not made by the original due date of your return.

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Source information found at IRS.GOV. 

For the latest in Tax law updates and news, follow us online at MegaRefundIncomeTax.com 

-Mega Refund