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Published: Tuesday, April 17, 2018 @ 8:57 AM
If you’ve waited this long to file your taxes, you’ve still got time. And you’ve also got company.
Federal tax returns for 2017 need to be filed today and many last minute filers are rushing to prepare their forms.
About one in five tax filers last year submitted returns within two weeks of the deadline to file and this year the IRS reports tax returns so far being filed at the same pace.
If you think you won’t make the deadline, seek an extension to get some more time to accurately prepare the forms. Individuals can file for an extension online.
Though people who owe money will still need to pay what they owe due by end of day April 17 or face a penalty.
“The federal, state and city governments will give you an extension of time to file, but it’s not an extension of time to pay,” said Bill Duncan, a CPA with Dayton accounting firm Thorn Lewis & Duncan.
Beth Grubb, RSM partner and tax leader at the firm’s Moraine location, said it’s better to seek an extension and take the time needed to file taxes correctly than to rush through and submit something that could have errors.
“The government would rather have something accurate and complete, but they do want their money tomorrow,” Grubb said.
The IRS reported as of April 6 that it had received more than 103.8 million tax returns. More than 92 percent were e-filed, with about 56 percent of those e-filed by tax professionals.
While the majority of taxes were e-filed by tax professionals, IRS statistics show the number of returns that were self prepared inched up 2.2 percent compared to last year.
The number of people who e-filed their taxes was up 0.5 percent as of April 6 compared to the same time last year. Early numbers so refunds so far total $227 billion and the average refund is $2,864.
It’s not too early to start thinking about next year and how the sweeping overhaul of the federal tax code will affect people and businesses filing taxes a year from now based on decisions they make this year.
Income investments have been doing well, but that comes with tax obligations, said Beth Grubb, RSM partner and tax leader at the Dayton location.
“There’s tax due with that investment income and we encourage tax payers to talk to their accountant and financial advisers now to plan for a tax efficient investment strategy now verses the end of the year,” Grubb said.
Grubb said that in light of the changes in the tax code, she would advise people to revisit their tax plan.
Tax season: By the numbers
Federal returns received
Self prepared e-filed returns
Source: IRS statistics reported as of April 6
Published: Wednesday, July 11, 2018 @ 3:27 AM
Updated: Wednesday, July 18, 2018 @ 12:53 AM
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Published: Wednesday, July 18, 2018 @ 12:01 AM
PERRY TWP. — Crews are responding to South Wolf Creek Pike on a reported stabbing that occurred late Tuesday night.
OTHER LOCAL NEWS: Reported shooting in Greene County prompts crews to respond
Initial reports indicate a person was possibly stabbed in the 11000 block around 11:35 p.m., reportedly prompting officials to request additional units.
We’re working to learn more details and will continue to update this story with more.
Published: Saturday, July 14, 2018 @ 4:20 PM
Updated: Tuesday, July 17, 2018 @ 9:00 AM
KETTERING — UPDATE @ 9 a.m. (July 17):
A 21-year-old Dayton man was cited for failure to control in a Saturday crash after he drove off South Dixie Drive and crashed into Keily Gallery in Kettering.
A crash report shows Jordan Boston was believed to be going 50 mph in a 35 mph zone around 10:40 a.m. when he left the road and crashed into the antique shop, 2382 S. Dixie Drive.
Witnesses reported Boston speeding, however the 21-year-old told police his brakes locked up causing him to crash.
The building needed emergency construction to secure it.
A blue Ford Fusion crashed into an antique shop this morning while the owner of the store was inside in Kettering.
The crash happened at 10:40 a.m. at Keily Gallery, 2382 S. Dixie Drive.
The owner told us he was in the shop working on renovations when the driver went off South Dixie Drive while speeding and crashed into his shop.
He said he was working where the car broke through the window just minutes before the wreck. He had moved to another part of his shop.
The owner said he had just bought the location and was working to get it open.
The cause of the crash is not yet known.
It’s not known if the driver suffered any injuries.
Published: Tuesday, July 17, 2018 @ 7:35 PM
Updated: Tuesday, July 17, 2018 @ 8:01 PM
NEW JASPER TWP., Greene County — UPDATE @ 8:04 p.m.: The report of a water rescue on Shawnee Lake in Greene County is a training exercise, fire officials tell us.
A water rescue has occurred at Shawnee Lake, in Greene County's New Jasper Twp., for one victim who may have suffered a cardiac event.
CareFlight has been put on standby. The incident was dispatched about 7:15 p.m.
We're hearing that the victim, believed to be male, has been located and pulled out of the water.
Shawnee Lake is east of Xenia and just southwest of Jamestown.
We have a crew on the way and we'll update this developing report.