Why More People in Fort Lauderdale Haven’t Filed Their Taxes
The clock is ticking and Uncle Sam is waiting. Tax season is more than halfway over. Yet, nearly 6 million Americans have yet to file their taxes, including countless people in Fort Lauderdale. According to the IRS, 5.7 fewer Americans have filed their taxes compared to the same time a year ago. Do the math and it is a decrease of 8.5 percent. So what is going on? Procrastination is the most obvious answer. While plenty of people wait until the last minute to do their taxes, this year seems unusually high. Here are a few reasons.
Let’s face it. Very few people look forward to filing their taxes. It may rank just below visiting the dentist to get a tooth pulled. But it does not have to be an unpleasant experience. Technology has now made filing taxes easier than ever before. Whether it is using computer software or visiting a tax professional, there are plenty of options get it out of the way. Sometimes having too many options can make more people lazy. According to the IRS, more people with a history of filing in January and February are waiting longer to file.
The Trump Factor
Many believe the election of Donald Trump has helped change the attitude of Americans when it comes to their taxes. But it may go beyond just American citizens. Fort Lauderdale is a city with a huge immigrant population. Because President Trump is promising to crack down on illegal and undocumented immigrants, many are afraid collecting a tax refund would leave a paper trail for the government. Many undocumented immigrants have been known to use individual taxpayer identification numbers rather than social security numbers to file their taxes. While President Trump and Congress are working on a bill to repeal Obamacare, it may cause significant changes on how the health mandate is enforced this tax season. With the promise of tax cuts with no changes in the tax codes, many people are either confused or just waiting to see what happens before they decide to file.
Longer Delays for Refunds
Congress recently passed the PATH Act, which would require the IRS to closely examine tax credits claimed by low income families. As a result the government announced it would not issue tax refunds until at least February 15. This decision may be affecting many people who usually file early.
The changes brought by the PATH Act has caused confusion among some taxpayers. It affects people who claim earned income along with additional child tax credits. But there are many others who wrongly believe the PATH Act affect them. Many of them are under the impression this would cause a delay in the process of their tax refund.
A Fort Lauderdale Tax Lawyer Can Help
Whether you are a procrastinator or just confused, taxes must be filed by April 18. The IRS does not care what reasons you may have for being late. It simply wants the money you owe. If you are currently experiencing confusion or have tax problems, such as back taxes or an audit, it is important to seek representation from an experienced legal professional that can help. Fort Lauderdale tax lawyer Ira L. Zuckerman and Lauren J. Mata bring more than 30 years of combined experiencing help clients resolve even the most complex tax issues. They will take the time to educate clients about their rights and how to proceed. To learn more, contact Fort Lauderdale tax lawyer at the law offices of Zuckerman & Mata, LLC and schedule a consultation today.