Extensions
Need a little more time? For more information, go to www.irs.gov or call the State Department of Revenue at 1 (800) 338-2389. Extensions must be submitted by today.
Need a little more time? For more information, go to www.irs.gov or call the State Department of Revenue at 1 (800) 338-2389. Extensions must be submitted by today.
Nothing is certain but death and taxes, according to Benjamin Franklin.
And, like clockwork, the infamous April 15 tax filing deadline is upon us again.
And it’s now a race against the clock if you have not filed. Forms have to be postmarked or submitted online to the IRS and state by midnight tonight.
“If you miss the deadline and don’t file your taxes by the 15th, you’re probably going to be penalize if you owe,” said Vada Fry owner of A+ Accounting & Taxes in Midway.
Those who don’t owe have up to three years to file.
“Most people have a pretty good clue as to whether they owe taxes or not,” said Christina Greene, office manager of Global Tax Express.
Traffic in her office began to pick up last Friday.
“Since last Friday, I would say we’re probably averaging 20 a day,” Greene said.
And how much are some forking over to Uncle Sam?
“I would say between $500 to, the most I’ve seen, is $10,000,” Greene said.
And a shaky economy does not affect getting taxes done in time, according to
Dr. Richard McGrath, economics professor at Armstrong Atlantic State University.
McGrath said it always makes sense for people who owe money to wait to the last minute to file.
“Why pay them the money until you have to,” McGrath said, explaining the average rationale. “It’s not costing me any extra money to use the money in February and I get to use the money for an two extra months.”
The penalty for filing late depends on how much is owed.
Greene said the Peach State is usually quicker
than the federal government in getting refunds back into their taxpayers’ pocketbooks.
Tax dodgers may have some time before the government comes after them.
“You have to remember the IRS has such a huge backlog of paperwork …it’s going to take a while before it arrives at the IRS,” McGrath said. “So if you’re late, they may not notice for while, but they’ll notice.”
Fry, who sees clients based on referral, thinks most late filers wait because they do not want to pay to have them done.
And some people have problems getting all their information on exemptions and itemized deductions together.
But Fry won’t be up late tonight in her pajamas, doing taxes this year. She told her clients to have their information in by April 1.
“I don’t run into that problem,” Fry said.
In fact, she is going out of town.
“I’m not stressing about it at all,” Fry said.
Taxpayers can ask for a six-month extension in tax filing, but the request has to be submitted by April 15 and does not give you more time to pay.
For more information, visit www.irs.gov or call the State Department of Revenue at 1-800-338-2389.
And, like clockwork, the infamous April 15 tax filing deadline is upon us again.
And it’s now a race against the clock if you have not filed. Forms have to be postmarked or submitted online to the IRS and state by midnight tonight.
“If you miss the deadline and don’t file your taxes by the 15th, you’re probably going to be penalize if you owe,” said Vada Fry owner of A+ Accounting & Taxes in Midway.
Those who don’t owe have up to three years to file.
“Most people have a pretty good clue as to whether they owe taxes or not,” said Christina Greene, office manager of Global Tax Express.
Traffic in her office began to pick up last Friday.
“Since last Friday, I would say we’re probably averaging 20 a day,” Greene said.
And how much are some forking over to Uncle Sam?
“I would say between $500 to, the most I’ve seen, is $10,000,” Greene said.
And a shaky economy does not affect getting taxes done in time, according to
Dr. Richard McGrath, economics professor at Armstrong Atlantic State University.
McGrath said it always makes sense for people who owe money to wait to the last minute to file.
“Why pay them the money until you have to,” McGrath said, explaining the average rationale. “It’s not costing me any extra money to use the money in February and I get to use the money for an two extra months.”
The penalty for filing late depends on how much is owed.
Greene said the Peach State is usually quicker
than the federal government in getting refunds back into their taxpayers’ pocketbooks.
Tax dodgers may have some time before the government comes after them.
“You have to remember the IRS has such a huge backlog of paperwork …it’s going to take a while before it arrives at the IRS,” McGrath said. “So if you’re late, they may not notice for while, but they’ll notice.”
Fry, who sees clients based on referral, thinks most late filers wait because they do not want to pay to have them done.
And some people have problems getting all their information on exemptions and itemized deductions together.
But Fry won’t be up late tonight in her pajamas, doing taxes this year. She told her clients to have their information in by April 1.
“I don’t run into that problem,” Fry said.
In fact, she is going out of town.
“I’m not stressing about it at all,” Fry said.
Taxpayers can ask for a six-month extension in tax filing, but the request has to be submitted by April 15 and does not give you more time to pay.
For more information, visit www.irs.gov or call the State Department of Revenue at 1-800-338-2389.