{"id":94716,"date":"2019-04-09T20:14:19","date_gmt":"2019-04-10T02:14:19","guid":{"rendered":"https:\/\/dh.durangoherald.com\/tj\/april-15-is-coming-are-you-a-procrastinator\/"},"modified":"2019-04-09T20:14:19","modified_gmt":"2019-04-10T02:14:19","slug":"april-15-is-coming-are-you-a-procrastinator","status":"publish","type":"post","link":"https:\/\/dh.durangoherald.com\/tj\/april-15-is-coming-are-you-a-procrastinator\/","title":{"rendered":"April 15 is coming: Are you a procrastinator?"},"content":{"rendered":"\n<p><!-- gallery:f4ce4b65-c4fc-48d4-b073-dfd7e9bc01e7 --><\/p>\n<p>OK folks, it\u2019s the final week before tax filing deadline, one of the best weeks of the year for you to determine if you are a procrastinator.<\/p>\n<p>If you haven\u2019t yet filed your income taxes with the Internal Revenue Service by now \u2013 the Monday, April 15, deadline approaches \u2013 there\u2019s probably a more than decent chance that you should put yourself into the procrastinator category.<\/p>\n<p>On Tuesday, two of three people shopping at City Market in Cortez were early filers.<\/p>\n<p>\u201cI got them done in February,\u201d said Keenen Lovett of Cortez. \u201cNormally, they\u2019re pretty easy. I usually get them done pretty early. It\u2019s one thing you can cross off the list.\u201d<\/p>\n<p>Lovett also has practical reasons for getting his 1040 in early.<\/p>\n<p>\u201cI get everything to my accountant who can do them quickly, before he gets too busy,\u201d he said.<\/p>\n<p>Ruby Hernandez of Cortez is puzzled and a little on edge because she still hasn\u2019t received her refund.<\/p>\n<p>\u201cI filed at the beginning of February, but I\u2019m still waiting for my refund,\u201d she said. \u201cI got a notice (from the Internal Revenue Service) that said they are going to check my earned-income credit and my business income. But I don\u2019t have a business, so I don\u2019t know what they are talking about.\u201d<\/p>\n<p>The IRS told Hernandez her refund would be coming in 60 days.<\/p>\n<p>\u201cI still haven\u2019t got them, so I don\u2019t know what\u2019s going on,\u201d she said.<\/p>\n<p>Marian Rohman of Cortez admits she has yet to file. \u201cBut I plan to get them done today (Tuesday, April 9),\u201d she said.<\/p>\n<p>She added: \u201c That\u2019s what I\u2019ve set aside for the day. I\u2019ve handed in all my papers to my accountant.\u201d<\/p>\n<p>She doesn\u2019t think her chore will be too onerous.<\/p>\n<p>\u201cMy taxes have gotten simpler now; they didn\u2019t use to be. When you retire, some things get easier,\u201d she said.<\/p>\n<p>According to <a href=\"https:\/\/www.hrblock.com\/tax-center\/newsroom\/irs\/deadlines-and-extensions\/when-to-file\/\" target=\"_blank\" rel=\"noopener\">H&amp;R Block, here are the top six reasons<\/a> why people file and when they choose to file:<\/p>\n<p><em class=\"mwc_body_text_rr_bold_leadin\">Reason No. 1:<\/em> They file early to try to get a refund as soon as possible.<\/p>\n<p>While consumers will get the same size refund whenever they file, getting a refund earlier is especially important if the tax filer depends on a refund to pay bills or other essentials.<\/p>\n<p><em class=\"mwc_body_text_rr_bold_leadin\">Reason No. 2:<\/em> They file early to prevent tax identity theft.<\/p>\n<p>The IRS typically operates on a first-come, first-served basis, so once someone files using a taxpayer\u2019s Social Security number or tax identification number, subsequent attempts to file with that number will be automatically declined, setting off a monthslong process for a taxpayer to reclaim his or her tax identity, file a return and receive a refund.<\/p>\n<p><em class=\"mwc_body_text_rr_bold_leadin\">Reason No. 3:<\/em> They file later because they\u2019re waiting for documents.<\/p>\n<p>Not all late-season filers are procrastinators. While most information documents should arrive by the end of January, like an employee\u2019s W-2 reporting wages or a 1099-INT reporting bank interest, some information documents won\u2019t arrive until March.<\/p>\n<p><em class=\"mwc_body_text_rr_bold_leadin\">Reason No. 4:<\/em> They file later because their taxes are more complex.<\/p>\n<p>People with the most complex tax returns are more than likely to seek an extension.<\/p>\n<p><em class=\"mwc_body_text_rr_bold_leadin\">Reason No. 5:<\/em> They file later because they\u2019re less likely to get a refund.<\/p>\n<p>Not only does the size of individual refunds decrease as the filing season progresses, but refunds themselves become less common. Eighty-one percent of early filers got a refund, while 67 percent of April filers got a refund.<\/p>\n<p><em class=\"mwc_body_text_rr_bold_leadin\">Reason No. 6:<\/em> They file later because they think they have to pay when they file.<\/p>\n<p>Many people believe they must pay any taxes they owe when they file their return. So, if they think they have a balance due, they wait until the last minute to file.<\/p>\n<p><em class=\"mwc_shirttail\">parmijo@ durangoherhald.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>haven\u2019t filed your taxes yet, you just might be one<\/p>\n","protected":false},"author":1,"featured_media":94717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5736,5735],"tags":[21,1160],"naviga_topic":[],"class_list":["post-94716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news","category-news","tag-cortez","tag-taxation"],"acf":[],"author_name":"dh_admin","_links":{"self":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/94716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/comments?post=94716"}],"version-history":[{"count":0,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/94716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media\/94717"}],"wp:attachment":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media?parent=94716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/categories?post=94716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/tags?post=94716"},{"taxonomy":"naviga_topic","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/naviga_topic?post=94716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}