All Sections

Home | Business

IRS: You have until midnight tonight

By DOUG ALDEN
New Hampshire Union Leader

April 16. 2018 9:05PM




MANCHESTER — Last-minute tax filers pushing the deadline to the limit are running low on time.

The deadline for 2017 federal income tax returns or extension requests is midnight tonight. That is later than the usual date of April 15 because the 15th fell on a Sunday and Monday was a holiday in some areas.

“The last-minute filers are pretty much always last-minute filers,” said Beth Fowler, a tax attorney at the McLane Middleton Professional Association in Manchester.

According to the Internal Revenue Service, more than 17 million tax returns were filed during the final week before last year’s deadline. Of those, the IRS said more than 13.6 million were filed electronically.

Granite Staters who prefer the paper route can still get the necessary postmark, but must travel to get it. Although post offices in some major cities will have extended hours tonight, the closest one to New Hampshire is in downtown Boston.

A larger issue for Granite Staters who have yet to file may be finding tax preparers available to handle last-minute returns.

Mike Rhodes, owner of Rhodes Accounting and Tax Service on Candia Road in Manchester, said Monday that he tries to avoid a late push by reminding his clients when the deadline is approaching.

“I just touch base with them to let them know about the new laws and get some sort of reminder that they need to get it done,” Rhodes said.

This year tax specialists have been fielding questions about the tax reform bill passed in December. For most, Rhodes said it won’t be an issue until they file their 2018 returns.

“They’ve been asking questions and I’ve tried to avoid overwhelming them with TMI,” Rhodes said.

Fowler said McLane clients have also had plenty of questions about the new tax laws. She said the biggest impact for most has been estimating tax payments for 2018.

“In theory, your tax liability will be different. But is it going to be higher or lower?” Fowler said. “Most of the people we’ve been dealing with so far have just decided to treat it like there’s no change. Once they feel the impact of 2018, they’ll either have refunds or deal with it then rather than trying to estimate what it might be and maybe get it wrong.”

dalden@unionleader.com


Business State Government


MOST POPULAR ARTICLES

More Headlines

Know the Law: Applying for a STEM extension