Published: Mon, April 16, 2018
Business | By Tara Barton

Americans have two extra days to file their income taxes this year

Americans have two extra days to file their income taxes this year

What many people don't know is that you can file an extension.

Filing a tax extension is free.

Davis owns Get Organized Tax & Accounting, of Plainfield, where they both live.

For the 2015 tax year, the IRS indicated that only 802 people had included cryptocurrency gains or losses in their tax filings.

Don't forget about state taxes, advised Lisa Greene-Lewis, tax expert for TurboTax. If you owe money to the taxman, you still have to make a well-educated estimate, fill out a form requesting an extension, and send the estimated amount you owe.

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Tax pros say there are many legitimate reasons why you might want to file an extension.

Credit Karma Tax GM explained that there is a "good chance that the perceived complexities of reporting cryptocurrency gains are pushing filers to wait until the very last minute". Freelancers or other gig-economy workers still waiting on a 1099 could be in the same boat. "They should still file their return to avoid a penalty for failing to file".

On Tuesday, the IRS alerted consumers to a new email tax scam. You must still pay your tax liability to the IRS by April 17. For more information, visit

But if you file your tax return and pay your penalty late, the fee is only half a percent each month, per Liberty Tax in West Springfield. While 36% of respondents overall selected this answer, more women planned to pay off debt (40%) than men (33%).

To find out how much you have to pay, you can use the payment estimator provided by the IRS on their website.

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