America’s annual tax reckoning is here once again and for many who have yet to file their federal tax return, that means a mad dash to beat Uncle Sam’s deadline.
The Internal Revenue Service already has received nearly 100 million tax returns, but anticipates getting about 35 million more by the midnight Tuesday deadline.
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Many other taxpayers, however, are opting for plan B and asking for more time to file.
The IRS expects roughly 12 million taxpayers will make such a request before the tax filing deadline, enabling them to take an additional six months – until Oct. 15 – to prepare their tax return.
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Getting started late and rushing to file can lead to headaches, particularly if you haven’t organized the various receipts and forms, such as bank statements or W-2 forms that you may need to complete your return.
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source: Newsnet5.com
