As Tax Day Nears, bitcoin is Wreaking Havoc

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Time is running out if you haven't already filed your taxes.

The Internal Revenue Service is offering taxpayers still working on the 2017 taxes a number of last-minute tips in front of Tuesday's midnight deadline.

And 40% of filers in Louisiana use a tax preparer to file their taxes with the feds.

Use the right rows for your income and filing status when determining your tax rate on the tax table.

For those who miss the tax filing deadline and are expecting to receive a refund from the IRS, the situation at hand isn't so dire.

"Filing for an extension doesn't get you an extension to pay", confirms Betterment Head of Tax Eric Bronnenkant.

Marvel's Avengers: Infinity War Gets A New Featurette About Family
In print form, Thanos seeks to crush half of life in the universe to please Mistress Death, the physical embodiment of death. The clip shows how the friendships between the cast have been formed and different opinions they have for each other.

According to the IRS, which has provided guidance on bitcoin (BTC) transactions for more than four years, cryptocurrency is considered to be property. Similarly, with this new electronic system, the IRS would be able to quickly compare Form 1099 with your individual tax returns, thereby reducing the chance of fraud.

"It is our goal to build a "Taxpayer First" IRS that works for taxpayers, not against them", House Ways and Means Committee Chairman Kevin Brady (R-Texas) said during an April 11 markup of the bill. Check Where to File on IRS.gov. Tax payments are generally due April 17, and taxpayers should pay as much as they can to avoid possible penalties and interest.

Anyone in a situation where they owe more than they can pay should file taxes anyway, which will prevent added penalties that increase over time. It's time to pay Uncle Sam.

Around 2.5 million taxpayers are now paying off their tax bills through a payment plan, according to TurboTax. Extensions will only keep taxpayers from being charged the late penalty. Do not staple, clip or attach your payment to the tax form. Remember, if a tax avoidance structure sounds too good to be true then it usually is.

Credit/Debit Cards - There are three IRS-approved payment processors for credit or debit cards. As far as the IRS is concerned, I have worked to cut down on unnecessary agency spending, prevent the IRS from targeting taxpayers based on political party affiliation, and now it's time to move the IRS into the electronic age.

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