Tax Help Available for Those Who Still Need to File for 2016

Tax Help Available for Those Who Still Need to File for 2016

WASHINGTON — The Internal Revenue Service wants taxpayers, especially those who received tax-filing extensions, to know they can still get the tax help they need to meet the Oct. 16 extension deadline.

Taxpayers can still file their returns electronically. The IRS strongly urges all taxpayers to choose the speed and convenience of e-filing. This is an ideal option as it is fast, accurate and secure. The IRS verifies the receipt of an e-filed return and, statistically, those who choose to file electronically make fewer mistakes. Of the 145.3 million returns received by the IRS so far this year, approximately 87.5 percent — or 127.2 million — have been e-filed.

Individuals who purchase their own tax software can e-file, and most paid tax preparers are now required to file their clients’ returns electronically.

All taxpayers can use IRS Free File. This program offers two options:  Brand-name software, offered by the IRS’s commercial partners to individuals and families with incomes of $64,000 or less; Or online fillable forms, the electronic version of IRS paper forms available for any income level.

The fastest and easiest way to get a refund is to e-file and use direct deposit. More than eight out of ten taxpayers who receive refunds choose the speed and convenience of direct deposit.  Individuals can choose to deposit their refunds into as many as three accounts. See Form 8888 for details.

Free face-to-face tax help is still available across the country. The IRS sponsors free tax preparation assistance through the Volunteer Income Tax Assistance (VITA) program and the Tax Counseling for the Elderly (TCE) Program. Both programs provide IRS-certified volunteers to prepare federal and state tax returns electronically for people with low-to-moderate income, seniors, disabled individuals or people who speak English as a second language. More information on available locations, times and what to bring can be found by typing “free tax preparation” in the search box on IRS.gov.

The IRS encourages taxpayers to carefully check their tax return before they file. Individuals may overlook certain credits, deductions or allowable expenses they qualify for such as:

  • The Earned Income Tax Credit (EITC), a benefit for low- and moderate-income workers and families. The EITC Assistant on IRS.gov can help taxpayers determine if they’re eligible;
  • The Savers Credit for low- and moderate-income workers who contributed to a retirement plan, such as an IRA or 401(k). Individuals will need Form 8880 to claim the credit; and
  • The American Opportunity Tax Credit, claimed on Form 8863 and other educational tax benefits for parents and college students.

Other taxpayers, such as members of the military and some other groups serving in a combat zone, are allowed more time to file. Typically, these individuals have until 180 days after they leave the combat zone to both file returns and pay any taxes due.

Also, those taxpayers who have a valid extension and are in or affected by a federal declared disaster area may be allowed more time to file. Currently, taxpayers in parts of Michigan, West Virginia and those impacted by Hurricanes Harvey, Irma  and Maria qualify for this relief. See the disaster relief page on IRS.gov for details.

Taxpayers with extensions should file their tax returns by Oct. 16, if they owe, they should pay as much as possible to reduce interest and penalties. IRS Direct Pay allows individuals to securely pay from their checking or savings accounts.

Taxpayers can also pay by debit or credit card. While the IRS does not charge a fee for this service, the payment processer will. Other payment options include the Electronic Federal Tax Payment System (enrollment is required) and Electronic Funds Withdrawal which is available when e-filing. Taxpayers can also pay what they owe using the IRS2Go, mobile app. At IRS.gov/payments taxpayers will find information about all IRS payment options.

Individual taxpayers can go to IRS.gov/account and login to view their balance, payment history, pay their taxes and access tax records through Get Transcript.

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“If you can't figure it out, figure out a "work-around!" The NestEggg Group was founded with a firm belief that working exclusively with professional firms to help them see past their history into the potential of their futures. Your potential is limited only by your creativity. Jeff's business purpose— “why”—centers on changing results through viewing things in new ways. He expounds: “Changing our results requires changing our actions. Because what we do proves what we believe, only when we change our beliefs can we progress. New insights are what cause us to shift our beliefs.” So what results do you want to attain? Call Jeffrey (1-888-987-NEST) when it’s time for progress. About Robert "Jeffrey" Wolter, President The NestEggg Group, Inc & EgggsAct Tax, Inc. & Managing Member NestEggg Investment Advisors Jeffrey is a common sense and productivity strategist. He facilitates and teaches about growth, positioning, and pricing strategies; leadership; operations; business communications and philanthropy. What he does best—differently from others—is energize people while he shows them how to solve business effectiveness. He clarifies the intricate, huts new light. He encourages hope. He sets you up to make development possible. Jeffrey is recognized for his original ideas and success with practical implementation, even as he challenges the "norm". Jeffery is a skilled facilitator. His deep knowledge of his firm(s) operations and ability to understand the intricacies of All of his clients, gives way to sharp observation skills allow his grasp a firm’s nuances quickly. He then guides firm owners and their teams on their unique paths toward improved profitability, smoother operations, stronger cultures and how and when to give back. Since 1998, he's helped more than 5,024 QuickBooks users and business owners achieve results such as: expanding revenues, attracting and inspiring talent, aligning operations with long-term objectives, discovering and leveraging their differentiation, substantially increasing sales and proposal results, strengthening relationships with their clients, and finding more joy in their work. His 25+ year career background includes roles as entrepreneur, finance director, board of director for several nonprofit, creative business development, insurances agency owner, Wealth Management Firm owner, editor, Tax Specialist, Accounting Director, Mediator and more. Before creating his firm in 2007, Jeffrey was an accountant for several well know local firms and individuals. After building a successful accounting practice, he became intrigued and inspired by the uniqueness of how Insurance, Investment's/Wealth Management, Taxes and Accounting/Bookkeeping all tend to work together, he branched out and created his list of Affiliate Companies in 2012 & 2013 In 2013, joined the Intuit Accountants Council and has assisted in the continued enhancement of the popular QuickBooks (Desktop and Online versions) and did so until late 2015. In 2014 with the legalization of Marijuana, Jeff and his team have committed themselves to knowing as much about the industry and being there to offer Cannabis Compliant, Accounting, Tax & Insurance to business owners that have or need help in keeping in with the Federal government's "280E"
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