So if you want your money quicker, it’s best to file online. But if you use a paper return, it could take anywhere from 8 to 12 weeks. If you think you will get a refund for 2016 and you filed online, your refund will take about 7 to 21 days to deposit into your bank account. If you haven’t filed yet, you can either file online or file by using a physical paper return. It is likely you already have accrued interest and some penalties on top of your taxes. If you have not already paid, do so immediately. If you expect to owe, the IRS expects you to pay at least an estimated amount in April. The IRS grants an extension for filing, but does not grant one for paying your taxes. Even if you filed for an extension, your taxes or at least an estimate were still due in April. It’s best to file your tax return as soon as you can, otherwise you can face penalties and interest.Īlong with filing your tax return, you should make sure you pay all taxes owed. Not filing a tax return can be considered criminal tax evasion. Even if you didn’t file for an extension,you should file your tax return now. The extension gave taxpayers an additional six months to file their actual return, but taxpayers were still required to pay the taxes they owed back in April. That means taxpayers who filed for an extension in April have until October 16th, to file their 2016 tax return. The tax extension deadline is October 16th. Haven’t filed your tax return for 2016 yet? Well now is the time to do it, especially if you filed for an extension.
0 Comments
Leave a Reply. |