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The Deadline's Passed. Now What?

Source: irs.gov - Apr 18, 2012

The tax filing and paying deadline has come and gone, but many people may have leftover business to sort out. Click on the underlined items for additional information. [NOTE FROM LARRY'S: IF YOU CLICK ON "SOURCE"--RIGHT BELOW THE TITLE-- THE IRS WEBSITE ARTICLE APPEARS AND YOU CAN CLICK ON THE LINKS THERE]

Had too much taken out — or not enough?,

You might be better off if the taxes deducted from your paycheck equal the amount you actually owe — not too much, not too little. For "just right," adjust your tax withholding on your W-4. And don’t forget your quarterly estimated tax payments on income not subject to withholding, such as income from self-employment, interest, dividends and alimony. Use the Withholding Calculator and check out Publication 505 to determine the proper amount of withholding or estimated tax.

Where's My Refund?

If you've already filed your tax return and are wondering where your refund is, you can use this on-line tool to track your cash. Be sure to have a copy of your tax return handy when using this application. And guard against falling victim to a phony e-mail scam about refunds currently making the rounds.

Need to amend your return?

Oops! You've discovered an error after filing your return. What to do? You may need to amend your return.

Filing or paying late?

Couldn't meet the deadline for filing your tax return or paying your taxes? The sooner you file and pay, the better your situation.

Having trouble paying?

Not to worry, at least you have several options to choose from.

Filed an extension?

If so, you have until October 16 to file your tax return. But remember, the extension of time to file is not an extension of time to pay your taxes — those were due by the deadline. Failure to pay your taxes on time may mean penalties and interest.

Best way to file your tax return?

Use IRS e-file either through your tax preparer or software. It's fast, accurate and secure. You get your refund in half the time, even sooner if you direct deposit; if you owe, you can schedule an automatic withdrawal.

Free tax filing?

You bet. Just use Free File. If you have an adjusted gross income (AGI) of $50,000 or less, there is a free software and free e-file program for you. Emphasis on free. There's no charge, no obligation to buy other products.

Questions? 1040 Central is the answer.

If you are stumped by tax questions, visit 1040 Central. It has all the latest information on tax law changes, tax tips, frequently asked questions, popular forms and publications and some on-line tools.

Category: IRS

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