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Last-minute tax-filing tips | CNN Business

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Last-minute tax-filing tips | CNN Business




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CNN
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So far this tax season, the IRS has received more than 100 million income tax returns for 2022.

That means tens of millions of households have yet to file their returns. If yours is among them, here are some last-minute tax-filing tips to keep in mind as the Tuesday, April 18 deadline approaches.

Not everyone has to file on April 18: If you live in a federally declared disaster area, have a business there — or have relevant tax documents stored by businesses in that area — it’s likely the IRS has already extended the filing and payment deadlines for you. Here is where you can find the specific extension dates for each disaster area.

Thanks to many rounds of extreme weather in recent months, for instance, tax filers in most of California — which accounts for 10% to 15% of all federal filers — have already been granted an extension until Oct. 16 to file and to pay, according to an IRS spokesperson.

If you’re in the armed forces and are currently or were recently stationed in a combat zone, the filing and payment deadlines for your 2022 taxes are most likely extended by 180 days. But your specific extended filing and payment deadlines will depend on the day you leave (or left) the combat zone. This IRS publication offers more detail.

Lastly, if you made little to no money last year (typically less than $12,950 for single filers and $25,900 for married couples), you may not be required to file a return. But you may want to anyway if you think you are eligible for a refund thanks to, for instance, refundable tax credits such as the Earned Income Tax Credit. (Use this IRS tool to gauge whether you are required to file this year.) You also are likely eligible to use IRS Free File (intended for those with adjusted gross income of $73,000 or less) so it won’t cost you to submit a return.

Your paycheck may not be your only source of income: If you had one full-time job you may think that is the only income you made and have to report. But that’s not necessarily so.

Other potentially taxable and reportable income sources include:

  • Interest on your savings

  • Investment income (e.g., dividends and capital gains)

  • Pay for part-time or seasonal work, or a side hustle

  • Unemployment income

  • Social Security benefits or distribution from a retirement account

  • Tips

  • Gambling winnings

  • Income from a rental property you own

Organize your tax documents: By now you should have received every tax document that third parties are required to send you (your employer, bank, brokerage, etc.).

If you don’t recall receiving a hard copy of a tax form in the mail, check your email and your online accounts — a document may have been sent to you electronically.

Here are some of the tax forms you may have received:

  • W-2 from your wage or salaried jobs

  • 1099-B for capital gains and losses on your investments

  • 1099-DIV from your brokerage or company where you own stock for dividends or other distributions from their investments

  • 1099-INT for interest over $10 on your savings at a financial institution

  • 1099-NEC from your clients, if you worked as a contractor

  • 1099-K for payments for goods and services through third-party platforms like Venmo, CashApp or Etsy. The 1099-K is required if you made more than $20,000 in over 200 transactions during the year. (Next year the reporting threshold drops to $600.) But even if you didn’t get a 1099-K you still must report all the income that you made over third-party platforms in 2022.

  • 1099-Rs for distributions over $10 that you received for a pension, annuity, retirement account, profit-sharing plan or insurance contract

  • SSA-1099 or SSA-1042S for Social Security benefits received.

“Be aware that there’s no form for some taxable income, like proceeds from renting out your vacation property, meaning you’re responsible for reporting it on your own,” according to the Illinois CPA Society.

One very last-minute way to reduce your 2022 tax bill: If you’re eligible to make a tax-deductible contribution to an IRA and haven’t done so for last year, you have until April 18 to contribute up to $6,000 ($7,000 if you’re 50 or older). That will reduce your tax bill and augment your retirement savings.

Proofread your return before submitting it: Do this whether you’re using tax software or working with a professional tax preparer.

Little mistakes and oversights delay the processing of your return (and the issuance of your refund if you’re owed one). You want to avoid things like having a typo in your name, birth date, Social Security number or direct deposit number; choosing the wrong filing status (e.g., married vs single); making a simple math error; or leaving a required field blank.

What to do if you can’t file by April 18: If you’re not able to file by next Tuesday, fill out Form 4868 electronically or on paper and send it in by April 18. You will be granted an automatic six-month extension to file.

Note, however, that an extension to file is not an extension to pay. You will be charged interest (currently running at 7%) and a penalty on any amount you still owe for 2022 but haven’t paid by April 18.

So if you suspect you still owe tax — perhaps you had some income outside of your job for which tax wasn’t withheld or you had a big capital gain last year — approximate how much more you owe and send that money to the IRS by Tuesday.

You can choose to do so by mail, attaching a check to your extension request form. Make sure your envelope is postmarked no later than April 18.

Or the more efficient route is pay what you owe electronically at IRS.gov, said CPA Damien Martin, a tax partner at EY. If you do that, the IRS notes you will not have to file a Form 4868. “The IRS will automatically process an extension of time to file,” the agency notes in its instructions.

If you opt to electronically pay directly from your bank account, which is free, select “extension” and then “tax year 2022” when given the option.

You can also pay by credit or debit card, but you will be charged a processing fee. Doing so, though, may become much more costly than just a fee if you charge your tax payment but don’t pay your credit card bill off in full every month, since you likely pay a high interest rate on outstanding balances.

If you still owe income taxes to your state, remember that you may need to go through a similar exercise of filing for an extension and making a payment to your state’s revenue department, Martin said.

Use this interactive tax assistant for basic questions you may have: The IRS provides an “interactive tax assistant” that can help you answer more than 50 basic questions pertaining to your individual circumstance on income, deductions, credits and other technical questions.



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Law firms helping migrants pose as gay to get asylum in UK: report

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Law firms helping migrants pose as gay to get asylum in UK: report


This representational image shows commuters cross London Bridge, in London, Britain, January 13, 2025. — Reuters
This representational image shows commuters cross London Bridge, in London, Britain, January 13, 2025. — Reuters 

LONDON: A BBC undercover investigation has alleged that a network of immigration advisers, paralegals and associated intermediaries has been helping migrants fabricate asylum claims in the UK by falsely presenting themselves as gay, charging thousands of pounds for false narratives, staged evidence and interview coaching.

At least three law firms – one of these owned by Pakistanis – have been accused by the BBC of fabricating the asylum claims through illegal means.

The law firms include Law and Justice Solicitors and Connaught Law. Law and Justice is owned by Michael Oluyemi Makinde and Connaught Law is owned by Nauman Javid, Sheryar Khan, Zehra Tamkan and Awais Javed.

According to the BBC investigation, the abuse centres on migrants, particularly from Pakistan and Bangladesh, whose student, work or tourist visas are close to expiring and who are then allegedly advised to seek asylum on the basis of sexual orientation, as being gay or lesbian.

Using undercover reporters posing as international students from Pakistan and Bangladesh, the BBC said it tested whether immigration advisers would encourage false sexuality-based asylum claims.

It reported finding multiple individuals willing to discuss fake claims, suggest supporting evidence and quote fees for handling such cases. Among the findings were allegations that Connaught Law firm quoted up to £7,000 for a fabricated claim and described the chances of refusal as “very low”, while another adviser allegedly offered to arrange fake supporting letters, photographs and even a supposed sexual partner to back up an asylum application.

The BBC undercover reporter made an appointment with Aqeel Abbasi, a senior legal adviser at Connaught Law, which has its offices in Central London on Gray’s Inn Road.

Abbasi told the BBC reporter that he could help him stay in the country and appeared to be willing to direct him on how to fabricate evidence for a fake claim. He promised that the chance of refusal by the Home Office was “very low”.

He said his fee would be £7,000 and, once that had been paid, his office would contact the undercover reporter to guide them through the process and the kind of evidence required.

This would include advising him on “where to go or what specific actions to take”.

The legal adviser also suggested the undercover reporter would need to find someone willing to pretend to be his male/gay partner. When the reporter said he had a wife in Pakistan, Abbasi was quick to suggest a cover story to explain this, by saying that things were “more open” in the UK than in Pakistan and that he now had a male partner.

“We will prepare a statement for you, and once you read it, you will understand exactly how it is,” said Abbasi.

A significant part of the investigation focused on Worcester LGBT, a support organisation for gay and lesbian asylum seekers, which holds monthly meetings attended by large numbers of migrants from across the country.

The BBC traced the undercover reporter’s route to the group through Mazedul Hasan Shakil, a paralegal at Law and Justice Solicitors, an immigration firm based in Birmingham and London, who is also described as founder and chairman of Worcester LGBT.

The reporter received a call from a woman identified as Tanisa (Shakil’s associate), who, in Urdu, allegedly became much more direct about using a “gay case” as the only realistic route to stay in Britain.

When told the reporter was not gay, Tanisa replied: “There is nobody who is real. There is only one way out in order to live here now and that is the very method everyone is adopting.” The BBC identified her as Tanisa Khan, an adviser linked to Worcester LGBT.

The broadcaster then described an initial meeting in Forest Gate, east London, which took place in Tanisa’s home.

According to the report, she laid out a plan to fabricate an asylum claim on the grounds of same-sex orientation, warning that the applicant would have to memorise a false story convincingly for Home Office interviews. The report said she offered to obtain a letter from someone claiming to have had sexual relations with the applicant and said she would fully prepare him for the Home Office process.

She charged £2,500, with additional costs if the claim failed and went to appeal. The BBC also said she suggested that if the reporter later brought his wife from Pakistan to Britain, she too could make a false asylum claim by pretending to be lesbian.

The BBC showed its footage to immigration lawyer Ana Gonzalez, who has 30 years of experience. She said Tanisa appeared to be “committing fraud by manufacturing a claim” and warned that such conduct makes life harder for genuine asylum seekers, especially LGBT claimants whose cases are often difficult to prove objectively.

The report said precise figures for fabricated claims are impossible to establish, but Home Office data suggests a disproportionate number of sexuality-based asylum claims come from Pakistani nationals.

In 2023, there were 3,430 initial decisions on LGBT asylum claims and nearly 1,400 new claims based on sexual orientation. Of these, 42% were lodged by Pakistani nationals, who also accounted for the highest number in each of the previous five years. The article noted that Pakistanis were only the fourth most common nationality across all asylum applications and made up just 6% of total claims overall.

Nearly two-thirds of asylum seekers claiming persecution on grounds of sexual orientation had their claims granted at initial decision stage in 2023.

The Home Office told the BBC that making an asylum claim through deception is a criminal offence and that anyone convicted can face prison and deportation.

It said misuse of protections designed for people fleeing genuine persecution because of their sexuality was deplorable, but insisted that the asylum system includes safeguards and that claims are rigorously assessed.

The department added that abuse is actively investigated and procedures are continually reviewed.





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Iran says to host Pakistani delegation as exchanges continue with US

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Iran says to host Pakistani delegation as exchanges continue with US



Iran will be hosting a high-ranking political and security delegation from Pakistan on Wednesday, as indirect exchanges of messages between Tehran and Washington continue, the Iranian Foreign Ministry spokesman announced.

Esmail Baghaei, speaking in response to a question from IRNA, confirmed that Tehran is expected to receive the Pakistani delegation today.

“Today, we are most likely hosting a delegation from Pakistan,” Baghaei said.

“Following the talks that took place in Islamabad, and also the discussions that the Pakistani side has had with the United States, our views have been conveyed and heard,” he said.

He added, “Naturally, during this visit, the two sides are expected to discuss their viewpoints in detail.”

Meanwhile, informed sources in Pakistan confirmed that a high-level security-political delegation, comprising prominent Pakistani figures, left Islamabad for Tehran a short while ago, IRIB news reported.

According to the sources, the delegation is carrying a new message from Washington for Tehran.

The delegation is scheduled to meet with Iranian officials to discuss future negotiations, the sources said.

The development comes as a two-week ceasefire between Iran and the United States will expire on April 22.

The United States and Israel launched their unprovoked war of aggression against Iran on February 28, assassinating the Leader of the Islamic Revolution and striking nuclear facilities, schools, hospitals and civilian infrastructure.



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Israel must not be allowed to sabotage US-Iran ceasefire: Turkey’s Erdogan

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Israel must not be allowed to sabotage US-Iran ceasefire: Turkey’s Erdogan



Turkish President Recep Tayyip Erdogan has warned against the Israeli regime’s attempts to sabotage a fragile ceasefire between the US and Iran, saying that Ankara will push for an extension of the truce and ensure peace talks continue in Pakistan.

Addressing a parliament session on Wednesday, Erdogan said that the Israeli prime minister’s cabinet, “which is known to be unhappy with the ceasefire process, must not be allowed to sabotage it.”

The Turkish leader said that his government is making the “necessary appeals and initiatives” to ease tensions and extend the ceasefire, which is set to expire on April 20.

The two-week ceasefire, announced last week, 40 days after the US and the Israeli regime launched their war of aggression against Iran, provided a fragile window for diplomacy. It will expire on April 22.

Over the weekend, high-level peace talks between US and Iranian officials took place in Pakistan’s capital, Islamabad. While the talks ended without an agreement, regional governments are urging both sides to return to the negotiating table.

Erdogan also urged the two sides to utilize “the window of opportunity opened by the ceasefire” before its expiration.

“If there is to be peace in our region, it will be despite the Zionist regime,” Erdogan said. “If stability is achieved, it will again be despite the Israeli government.”

The Turkish president also condemned the aggression against Lebanon, warning that continued airstrikes are harming hopes for peace.

He said that Turkey will continue “to be the follower of the cause of children killed in their sleep in Lebanon,” referring to Israel’s airstrikes that have killed more than 2,000 people—including many women and children—since early March, according to the Lebanese health ministry.

Despite the fact that the ceasefire between the US and Iran explicitly covered Lebanon, the Israeli regime continues its military aggression against the country, blatantly ignoring the terms of the truce.

This ongoing aggression is seen by regional observers as a deliberate attempt by Tel Aviv to sabotage the peace talks.



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