Tax Day 2018: What to do if You Owe the IRS Money(AP) - Tax Day is finally here once more. If you’re getting a refund, lucky you. But if you owe the government money, you may be worried that you have to pay the amount due by the filing deadline of April 17 – even if you asked for an extension. Owing the IRS – especially when you don’t have the funds to pay – can cause major stress. But before you let the anxiety get the best of you, know this: The Internal Revenue Service, believe it or not, understands. In addition, you may qualify for a collection alternative to pay off your debt gradually or at a substantially reduced amount.
As Tax Day Approaches Here are 5 Scams to Watch ForTax Day, the last day to file 2017 income tax returns, is just days away on April 17. And scammers are upping their game, the IRS said in a warning this week. Thousands of Americans have lost millions of dollars and their personal information in scams, the agency said.
This Is What Michigan Taxpayers Are Most Worried About This Tax SeasonFind out what people in your area are excited about and scared about this tax season.
3 Useful Tax Tools Available On IRS' Video PortalNavigating the necessary IRS steps in order to be successful in filing taxes as a small business owner can be tricky.
The Virtual Workshop For Small Business TaxesThe IRS offers excellent resources so small business owners can go straight to the tax source for tax information of any kind.
Rapper DMX Pleads Not Guilty To Dodging $1.7M Tax DebtAsked how his fans would react to his latest brush with the law, he responded, "It's reinforcing the love."
Taxpayers Warned To Be On The Lookout For ScamsThink you are being scammed? Report it to the IRS online or call 800-336-4484.
3 Days Tacked On To Tax Filing Deadline But Has It Helped?The extended deadline made possible by Emancipation Day, celebrated in the District of Columbia, when federal offices, including the IRS, were closed for the day.
How To Find The Right Tax Professional For All Your Tax NeedsWhen it comes time to choose a tax professional, there are many things that a tax payer needs to understand. Here are some basic questions to ask and details to learn before hiring someone to take care of your income tax preparation needs.
What Are The "Dirty Dozen" Tax Scams & How Can You Avoid Them?Here are the latest 12 common tax scams that the IRS is warning you about this year.
Extra Days To File: Tax Day 2016 Is Not April 15thTax Day 2016 is not on April 15 as usual. Instead, it has been moved to April 17 because of Washington D.C.'s Emancipation Day. Here is a look at why Tax Day is on April 15 to begin with, what Emancipation Day is, and when Tax Day can be moved to a later date.
IRS Investigating Shaggy 2 Dope Of Insane Clown PosseThe Internal Revenue Service wants to know more about the income of one half of hip-hop duo Insane Clown Posse.
IRS Reaches $388 Million Deal With Ex-Pistons Owner's EstateThe estate of former Detroit Pistons owner Bill Davidson has agreed to pay the Internal Revenue Service $388 million to settle the agency's original claim for $2.8 billion.
Tax Filing Deadline Looms, Don't Get Caught In Email, Phone ScamsThe attorney general says the IRS would never contact you by phone, demanding money.
Tax Tips: What You Need to Know About Write Offs And DonationsKnowing what you can legitimately deduct off your taxes and what receipts you didn’t need to hold on to after all, can help both you and your accountant avoid a lot of headaches.