When Are They Accepting Tax Returns 2017

In the United States, taxpayers need to be aware of the dates and deadlines for filing their 2017 accepting tax returns. The Internal Revenue Service (IRS) has set May 17, 2021. As the deadline for filing most individual income tax returns for that year. It’s important for taxpayers to meet this deadline to avoid penalties and interest.

To ensure a smooth filing process, the IRS encourages taxpayers to file their tax returns electronically. By filing electronically, taxpayers can reduce errors and receive faster refunds. The IRS provides various resources, including Free File, to help taxpayers file electronically and accurately.

If taxpayers require more time to file their tax returns, they can request an extension. This can be done through the Free File link on the official IRS website, IRS.gov.. However, it’s crucial to note that an extension of time to file is granted. It does not extend the time to pay. Taxpayers must estimate their tax liability and pay any amount due by the filing deadline to avoid penalties and interest.

Special rules and extended deadlines exist for FEMA-declared disaster areas. IRS provides guidance for affected taxpayers. U.S. citizens abroad have specific tax return acceptance dates. Unclaimed 2017 accepting tax returns of over $1.3 billion remain available. File it by May 17, 2021, to claim them and avoid missing Social Security credits and tax refunds.

For late filers, there are options available to submit their 2017 accepting tax returns and claim their money. Use prior years’ tax software or consult a tax professional for assistance in filing returns.

Key Takeaways

• The deadline for filing most individual income tax returns for the year 2017 is May 17, 2021.
• Taxpayers are encouraged to file their tax returns electronically to reduce errors and receive faster refunds.
• An extension of time to file does not extend the time to pay. Taxpayers must estimate their tax liability and pay any amount due by the filing deadline to avoid penalties and interest.
• Taxpayers residing in areas covered by FEMA disaster declarations have special rules and extended deadlines for filing their tax returns.
• U.S. citizens and resident aliens living outside the United States have specific tax return acceptance dates and filing deadlines.
• Unclaimed 2017 refunds worth over $1.3 billion are still available. The deadline to file a 2017 tax return and claim these refunds is May 17, 2021.
• Late filers can still submit their 2017 tax returns and claim their money. This can be done by using past years’ tax software or scheduling an appointment with a tax professional.

Understanding IRS Tax Return Acceptance Dates

The IRS has specific dates when they start accepting tax returns, known as IRS tax return acceptance dates. For the tax year 2017, the IRS began accepting tax returns on January 23, 2017. This is the date when taxpayers can start filing their returns electronically or by mail. It’s important to note that the IRS does not accept tax returns before this date.

One of the advantages of filing tax returns early is that you can receive your refund sooner. The IRS typically processes electronically filed tax returns within 21 days, while paper returns can take longer to process. Filing electronically also reduces the chances of errors, as the tax software automatically checks for mistakes and omissions.

If you choose to e-file your tax return, you have the option to receive your refund through direct deposit. Which is the fastest way to get your money. It’s a convenient and secure method that eliminates the need for paper checks. It reduces the risk of lost or stolen refunds.

Benefits of Filing Taxes Electronically

Filing your tax return electronically offers several benefits:

1. Quick and accurate processing – E-filed tax returns are processed faster and have a lower error rate compared to paper returns.
2. Faster refunds – If you’re expecting a refund, e-filing allows you to receive it more quickly, especially if you choose direct deposit. You can typically get your money within 21 days.
3. Electronic confirmation – When you e-file, you receive an electronic confirmation that the IRS has received your return. This provides peace of mind and eliminates the need to worry about lost or misplaced paper returns.
4. Error prevention – Tax software used for e-filing automatically checks for errors and alerts you of any inconsistencies or missing information, reducing the likelihood of mistakes.

In summary, understanding the IRS tax return acceptance dates is crucial for taxpayers. Filing your tax return electronically not only ensures quicker processing and faster refunds but also helps minimize errors. Take advantage of the convenience and benefits of e-filing to make your tax season smoother and more efficient.

Important Tax Return Filing Deadline for 2017

The 2017 individual income tax return deadline is May 17, 2021, announced by the IRS for both paper and electronic filers. To avoid penalties, pay any taxes due by the deadline, and note that filing extensions don’t extend the payment deadline.

There are also special rules and extended deadlines for certain taxpayers. For example, if you reside in an area covered by a Federal Emergency Management Agency (FEMA) disaster declaration, you may have additional time to file your tax return. Additionally, U.S. citizens and resident aliens living outside the United States may have different tax return acceptance dates and filing deadlines.

Over $1.3 billion in unclaimed 2017 refunds remain. To claim 2017 accepting tax returns by May 17, 2021, is crucial for Social Security credits and potential tax refunds. Late filers can utilize past tax software or consult a professional for assistance.

Remember, the May 17, 2021, deadline is approaching, so it’s crucial to stay organized and file your tax return on time. By meeting this deadline, you can avoid penalties, interest, and potential loss of refunds. Make sure to consult the IRS website for any updates or specific requirements based on your individual circumstances.

Benefits of Filing Taxes Electronically

Filing taxes electronically has several benefits, including shorter processing times and a lower risk of errors. When you file your tax return electronically, the IRS can process it faster, which means you’ll receive your refund more quickly. In fact, if you choose direct deposit, you can typically receive your refund within 21 days.

Another advantage of e-filing is the reduced chance of making errors on your tax return. Tax software programs often have built-in error-checking mechanisms that can help catch mistakes before you submit your return. This can save you time and prevent potential issues with the IRS down the road.

Furthermore, electronic filing allows you to track the status of your tax return and refund online. The IRS provides a tool called “Where’s My Refund?” that allows you to check the progress of your refund after you’ve filed. This gives you peace of mind and eliminates the need for long wait times on the phone or worrying about lost paperwork.

Additional benefits of e-filing:

• Increased accuracy: The chances of making errors, such as math mistakes or forgetting to sign your return, are significantly reduced when filing electronically.
• Confirmation of receipt: When you e-file, you receive an electronic confirmation from the IRS that they have received your return, providing you with proof of filing.
• Efficiency and convenience: E-filing allows you to complete your tax return from the comfort of your own home, at any time that suits you. There’s no need to print out paper forms or make a trip to the post office.
• Environmentally friendly: By filing electronically, you can contribute to reducing paper waste and help protect the environment.

In summary, filing taxes electronically offers numerous advantages, including faster processing times, reduced errors, and the ability to track the status of your return and refund online. It’s a convenient and efficient way to file your taxes, ensuring you receive any refund or address any tax obligations promptly.

Requesting a Tax Filing Extension

If taxpayers require additional time to prepare and file their tax returns for 2017, they can request a filing extension. The Internal Revenue Service (IRS) provides an option for taxpayers to extend their filing deadline through the Free File link on IRS.gov.

It’s important to note that while an extension of time to file can be requested, it does not extend the time to pay any taxes owed. Taxpayers must still estimate their tax liability and pay any amount due by the original filing deadline, which for most individual income tax returns for the year 2017 is May 17, 2021. Failing to do so may result in penalties and interest.

How to Request an Extension

To request a filing extension, taxpayers can visit IRS.gov and access the Free File option. This online tool allows taxpayers to prepare and electronically file their extension requests. Alternatively, taxpayers can use Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, which can be filed electronically or by mail.

It’s important for taxpayers to understand that an extension is not an extension of time to pay. Any taxes owed must still be paid by the original filing deadline to avoid penalties and interest. The extension simply provides additional time to gather all necessary documentation and complete the tax return accurately.

If taxpayers are unable to pay the full amount of taxes owed, they should still pay as much as possible by the original filing deadline to reduce potential penalties and interest. The IRS also offers payment options, such as installment agreements and offers in compromise, for taxpayers who are unable to pay the full amount immediately.

By requesting a filing extension, taxpayers can alleviate some of the stress and pressure associated with the tax filing deadline. It gives them the necessary time to ensure all information is accurate and complete, reducing the likelihood of errors or omissions on their tax returns.

Rules for Taxpayers in Disaster-Declared Areas

Taxpayers living in areas that have been declared as federal disaster areas by FEMA may have different tax return acceptance dates and filing deadlines. The IRS recognizes the challenges faced by individuals and businesses in these areas and provides special rules and extended deadlines to help them meet their tax obligations.

• If you reside in a disaster-declared area, you may be eligible for additional time to file your tax return. The extended deadline allows you to focus on recovering from the disaster without worrying about immediate tax deadlines.
• It’s important to note that the IRS determines the specific acceptance dates and filing deadlines for taxpayers in disaster-declared areas based on the severity and duration of the event. These dates may vary from the regular tax return deadlines.
• To find out the specific acceptance dates and filing deadlines applicable to your area, you can visit the IRS website or consult with a tax professional familiar with disaster-related tax provisions.

Benefits for Taxpayers in Disaster-Declared Areas

When taxpayers in disaster-declared areas are granted extended acceptance and filing dates, they have more time to gather the necessary documentation, calculate their taxes, and ensure their returns are accurate. This extra time can significantly reduce stress and allow individuals and businesses to prioritize their recovery efforts.

• By taking advantage of the extended deadlines, taxpayers can avoid late-filing penalties.
• Furthermore, taxpayers who have suffered significant losses due to the disaster may be eligible for special tax relief measures, such as deductions for casualty losses or the ability to claim a refund for prepaid taxes.
• If you are a taxpayer in a disaster-declared area, it’s crucial to stay informed about any updates or changes in tax return acceptance dates and filing deadlines. The IRS website and reliable news sources can provide the most up-to-date information.

Remember, if you are in a disaster-declared area, it’s essential to prioritize your safety and recovery. Take advantage of the extended deadlines and the available resources to ensure you fulfill your tax obligations while managing the challenges posed by the disaster. Consulting with a tax professional can also provide valuable guidance tailored to your specific situation.

Filing Tax Returns for U.S. Citizens Living Abroad

U.S. citizens and resident aliens living abroad have different tax return acceptance dates and filing deadlines compared to taxpayers residing within the United States. If you are a U.S. citizen or resident alien living outside of the country, it’s important to be aware of these specific dates to ensure timely and accurate filing of your tax returns.

The IRS tax return acceptance dates for U.S. citizens living abroad vary depending on whether you are using the regular mail method or filing electronically. For paper tax returns, the acceptance dates are generally around the same time as for taxpayers residing in the United States. However, if you choose to file electronically, you have an extended acceptance date until June 15, 2021, to submit your tax return.

When it comes to the tax return filing deadline for U.S. citizens living abroad, the due date is also different. For paper tax returns, the deadline is typically April 15, 2021, but with the automatic extension, you have until June 15, 2021, to file your tax return. If you choose to file electronically, the deadline remains the same as for U.S. taxpayers residing within the country, which is May 17, 2021.

To ensure compliance with the IRS requirements and avoid any potential penalties, it is crucial for U.S. citizens and resident aliens living abroad to accurately determine their tax return acceptance dates and filing deadlines. By understanding these specific dates and deadlines, you can successfully fulfill your tax obligations and avoid any unnecessary complications.

Unclaimed 2017 Refunds and Deadline to File

Taxpayers who have not yet filed their 2017 tax returns should be aware of the potential refunds they may be missing out on and the deadline to claim them. As of now, there are unclaimed 2017 refunds worth over $1.3 billion. These refunds are waiting to be claimed by eligible taxpayers who did not file their tax returns for that year.

The deadline to file a 2017 tax return and claim these refunds is May 17, 2021. It is important for taxpayers to understand that if they fail to file their return by this deadline, they may lose out on these potential refunds. Additionally, filing a 2017 return is important to receive Social Security earnings credits and avoid losing any other potential tax refunds.

To claim their unclaimed refunds, taxpayers can use past years’ tax software to file their 2017 tax returns. This allows them to catch up on their taxes and receive the money they are owed. Alternatively, they can also schedule an appointment with a tax professional who can assist them in filing their 2017 return and ensuring they receive any refunds due to them.

It’s crucial that taxpayers who have not yet filed their 2017 tax returns take action before the May 17, 2021 deadline. By doing so, they can avoid missing out on potential refunds and benefits, and ensure their tax obligations are met.

Consequences of Late Filing

Failing to file tax returns by the deadline can result in penalties and interest being levied on the outstanding tax liability. The IRS imposes penalties for both failure to file and failure to pay taxes on time. The penalty for not filing by the deadline is generally higher than the penalty for not paying the taxes owed. Therefore, it’s crucial to submit your tax returns on time even if you are unable to pay the full amount.

The failure-to-file penalty is calculated based on the amount of unpaid taxes and increases over time. It starts at 5% of the unpaid tax amount for each month or part of a month that the return is late, up to a maximum of 25%. The failure-to-pay penalty, on the other hand, is 0.5% of the unpaid tax amount for each month or part of a month that the tax payment is late, up to a maximum of 25%. These penalties can quickly add up, making it essential to file your tax return as soon as possible to minimize the financial consequences.

Interest on Outstanding Tax Liability

In addition to penalties, the IRS charges interest on any unpaid taxes. The interest is compounded daily, starting from the original due date of the tax return. The interest rate is determined quarterly and is based on the federal short-term rate plus 3%. Therefore, the longer you delay filing your tax return and paying the taxes owed, the more interest you will accumulate on the outstanding tax liability.

To avoid these penalties and interest, it is crucial to file your tax return by the deadline, even if you are unable to pay the full amount. You can explore options such as setting up an installment agreement with the IRS to make monthly payments until the tax liability is paid off. It’s important to address your tax obligations promptly to avoid the financial consequences that come with late filing.

Options for Late Filers

Taxpayers who have not filed their 2017 tax returns still have options to submit their returns and claim their refunds. Even if you missed the original deadline, it’s not too late to fulfill your tax obligations and potentially receive money back from the IRS. Here are some options to consider:

1. File electronically: File taxes electronically for accuracy and faster refunds. Use tax software or online platforms for quick and convenient submission of 2017 returns.
2. Request an extension: Request a tax filing extension via Free File on IRS.gov if you need more time. Note that the extension doesn’t extend the time to pay; estimate and pay your tax liability by the deadline to avoid penalties and interest.
3. Utilize past years’ tax software: Late filers can still use past years’ tax software to file their 2017 accepting tax returns. This option allows you to navigate through the process using familiar software and ensures accuracy in reporting your income and deductions.
4. Consult with a tax professional: If you’re unsure about how to proceed or have complex tax situations, it may be beneficial to seek advice from a tax professional. They can guide you through the process, ensure compliance with tax laws, and help you maximize your refunds.

Remember, it’s essential to take action and submit your 2017 tax return by May 17, 2021, to claim any refunds owed to you and avoid potential penalties. Whether you choose to file electronically, request an extension, use past years’ software, or seek professional assistance, make sure to fulfill your tax obligations and secure any refunds you may be entitled to.

Filing Late Tax Returns Using Past Years’ Software

Late filers can utilize past years’ tax software to complete and submit their 2017 accepting tax returns and claim their refunds. Whether you have fallen behind on filing your taxes or are just getting around to the 2017 tax year, using previous years’ tax software can help simplify the process.

Here are some key steps to follow when using past years’ software to file your 2017 accepting tax returns:

1. Ensure your chosen tax software supports the 2017 tax year: Before getting started, make sure the software you plan to use is compatible with the specific tax year you need to file for. Check the software’s documentation or website to confirm.
2. Download and install the software: Once you have selected the appropriate software, follow the instructions to download and install it on your computer. This step may require you to create an account or enter your license key.
3. Gather your tax documents: Collect all the necessary tax documents for the 2017 tax year, including W-2s, 1099s, and any other relevant income or deduction records. Ensure you have accurate information to input into the software.
4. Follow the step-by-step guide: Most tax software will provide a user-friendly interface that guides you through the filing process. Follow the prompts and enter your information accurately and completely.
5. Review and file your return: Before submitting your return, carefully review all the information you have entered. Double-check for any errors or omissions. Once you are confident in the accuracy of your return, submit it electronically to the IRS.

Utilize prior years’ tax software for a familiar and efficient 2017 return filing. The deadline for 2017 accepting tax returns is May 2017 complete your return promptly.

Conclusion

Timely file taxes by May 17, 2021, to prevent penalties and ensure swift refunds. E-file for efficiency and use the Free File link for extensions, but note that it doesn’t extend the time to pay. Estimate and pay taxes promptly to avoid penalties and interest.

Special rules and extended deadlines apply to certain individuals. Taxpayers residing in areas covered by Federal Emergency Management Agency (FEMA) disaster declarations and U.S. citizens and resident aliens living outside the United States have different tax return acceptance dates and filing deadlines. It’s crucial for these individuals to be aware of the specific requirements and timelines that pertain to their unique circumstances.

There are still over $1.3 billion in unclaimed 2017 accepting tax returns. To claim these refunds, taxpayers must file their 2017 tax returns by May 17, 2021. Filing a 2017 return is not only important for receiving potential refunds but also for securing Social Security earnings credits. Therefore, it is highly recommended that taxpayers who have not yet filed their 2017 returns take action as soon as possible. They can use past years’ tax software or seek assistance from a tax professional to ensure their returns are accurately filed and any unclaimed refunds are claimed.