Treasury provides tips for last-minute filers as tax season closes

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The Internal Revenue Service earlier this month reminded taxpayers that unclaimed federal income tax refunds totaling more than $1 billion are waiting for an estimated 1 million taxpayers who did not file a 2013 federal income tax return.

"There is no question that Americans find it hard and unpleasant to file taxes", Viard told OneNewsNow. Treasury will work with taxpayers who can not pay the full amount of tax they owe. Homestead owners who qualify for the property tax adjustment must file both the homestead declaration and an adjustment claim by the April due date. But there is no extension for paying the taxes you owe, which are still due Tuesday.

Contributions to certain tax-advantaged accounts: That includes your health savings account and your individual retirement account.

The IRS typically grants this extension to any taxpayer residing in a disaster areas as declared by the Federal Emergency Management Agency (FEMA). Here are details on each of these special tax relief provisions. The IRS maintains a list of qualifying combat zones on IRS.gov in Publication 3, the Armed Forces' Tax Guide. "It is not an extension of the time to pay".

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"The failure to file penalty is so much greater when you don't file a tax return, as compared to filing a tax return and failure to pay". The special June 15 deadline also applies to members of the military, on duty outside the US and Puerto Rico, who do not qualify for the longer combat zone extension.

Filers have until Tuesday, April 18, to file 2016 returns and pay any taxes due.

Dulay remained optimistic that the tax collection target of P208 billion for April and the P1.829 trillion for the whole year could be achieved amid the intensified tax collection efforts of the government. When you do, you're automatically granted an additional six months to file, no questions asked. If you're up against the clock as the April 18 filing deadline looms, here are a few tips you can use. Some who choose not to are within their rights: If you have a very low income, you probably don't need to file. The individual does not need to complete a separate Form 4688 to request an extension.

IRS YouTube "how to" videos for filing an extension are available to help you through the process. You'll get an extra six months to submit your return without penalty.

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Heads up for those of you who have procrastinated on filing your federal tax return for previous year, the tax man cometh on Tuesday.

The Bureau of Internal Revenue (BIR) is encouraging online filing of income tax returns on Monday, the last day for filing, to avoid hefty penalties or tax evasion charges.

Tax extension guidelines vary by state, though, so you should contact your local state tax authority to get instructions and details.

Additionally, the IRS reported that tax-related phishing emails and malware surged 400 percent during the 2016 tax season.

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