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6 Facts For Filing Taxes By the Tax Deadline

tax deadline 2019

The tax deadline is April 15, 2019!

For residents of Maine and Massachusetts, they have until April 17 to file their 2018 tax return. Here’s some important information you need to know for filing by the tax deadline.

 1.  You need to report ALL of your income.

If you don’t report all of your taxable income; all income that is subject to withholding; you will need to amend your return using Form 1040X when the IRS gets a hold of your information.

Not only that, but you may even end up owing money back to the IRS.

2.  You can file without a W-2.

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Filing Your Taxes for Free & How it Works

free file

Is free tax filing really “free”?

During tax season, many taxpayers wonder if free file through tax preparation sites is a myth. It turns out, it’s true but it solely depends on your tax situation. 

How taxpayers fall for advertising.

On the bright side, the best part about filing online is being able to file your taxes right from home. For one thing, you can avoid the hassle of waiting to see a tax accountant. On top of that, you even see options to file for free!

Unfortunately, not all tax sites who advertise for free tax filing can help taxpayers for free. Most tax sites will only allow you to file your taxes for free if you have a “simple” return; meaning taking the standard deduction. 

As a reminder, if you’re itemizing the deductions below, you cannot file for free. Continue reading “Filing Your Taxes for Free & How it Works”

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What is an Identity Protection PIN (IP PIN)?

IP PIN

Fraud can happen to anyone.

If your social security number was used fraudulently in the past, the IRS assigns a six-digit PIN to you; the Identity Protection PIN (IP PIN).

Eligibility

In order to receive an IP PIN, you will need to meet the following:

  • You received a CP01A notice which will have it located at the bottom of the first column
  • The IRS sent you a letter inviting you to opt-in for the IP PIN
  • You were a resident of Florida, Georgia or the District of Columbia, Michigan, California, Maryland, Nevada, Delaware, Illinois or Rhode Island last year

Note: Taxpayers who experience identity theft after they receive the CP01A notice will need to file the Identity Theft Affidavit. 

The steps on getting an IP PIN

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