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Experts share last-minute tax filing tips
16 April 2018, 04:00 | Casey Mitchell
This year, it didn't go quite to plan.
"There's no reason for you not to prepare or have your tax return prepared for 2014 so that you can get your refund", Helen Fuller, a tax preparer with Liberty Tax, said.
She also said scammers can disguise their numbers so it looks like a local number is calling.
While rare for Hutner, this experience isn't so unusual in America. A tax refund probably won't fully fill an emergency fund unless some savings have already been put aside, but a tax refund is a great way to get started toward this important financial stepping stone. Fundtrat's Tom Lee predicted earlier in the month that the cryptocurrency market took a dip earlier in the year due to investors needing money to pay the capital gains tax.
The tax filing deadline this year is Tuesday, April 17.
State and federal agencies will more likely audit a tax return if any third-party vendor - like a credit card company - reports a company or individual's transactions were higher than stated by the business owner or taxpayer. But there's a reason this should be your previous year of last-minute filing.
According to the IRS, which has provided guidance on bitcoin (BTC) transactions for more than four years, cryptocurrency is considered to be property.
The IRS processes about 152 million individual returns every year. Paying down debt isn't exactly a fun use of a tax refund like putting money toward a vacation (how 10% of respondents plan to use the money) or splurging on a luxury purchase (what 6% plan to do), but it is a more responsible use of funds.
Be smart about charitable gifts: The new tax rule almost doubles the standard deduction to $12,000 for single filers and $24,000 for those who are married and file jointly.
Santa Barbara County residents and businesses qualify for a tax-filing extension from the Internal Revenue Service (IRS).
They were scheduled to appear at 2:30 p.m. on Friday before U.S. Magistrate Judge Michael A. Hammer in Newark federal court. A lot! A tax refund is really just the return of a yearlong, interest-free loan that you extended to Uncle Sam.
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