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This year, the deadline to file your taxes is April 18, but you can file for a six-month extension if needed. Without that extension (or if you miss the extension deadline), you’ll have to pay a ...
The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges. [1] [2]
With the emergence of more technical tax software, the process of filing and paying taxes can be automated. This can be cheaper than the alternative of hiring expensive tax consultants and specialists. The use of technology can simplify the process of collecting taxes.
This is different from changing a tax accounting method under the release of the IRS because, in the case of adopting another method, the IRS may assess fines and reallocate taxable income. If the taxpayer wants to return to the previous method, the taxpayer must ask for permission from the IRS, following the 446(e) procedure.
South Bend Tribune reporter Joseph Dits can be reached at 574-235-6158 or jdits@sbtinfo.com. ... St. Joseph County property tax abatement fails vote to be simplified. Show comments. Advertisement.
This year’s average tax refund was over $3,000 as of March, a 4.8% increase from last year, IRS data shows. Whether that is too much or too little, you can adjust your withholdings now to set up ...