Thursday is Tax Day

By: Jessica Dealy Email
By: Jessica Dealy Email

The IRS says about 20 percent of the 136 million Americans who file income taxes, about 27 million, or 20 percent, have waited until the last minute to do so.

Tax preparers say there is still enough time to fulfill your obligations. H & R Block offers some last minute tips.

"Yesterday I had to call extra preparers in, but we got everybody handled.," said Barbara Matthews of the North Hills Street location. "Not much wait time at all."

One self-proclaimed procrastinator who was taking advantage of the early morning slow period said she is usually tardy when it comes to filing her taxes.

"I'm always very late getting my taxes done," said Dr. Roshonda Lankford. "I have to actually wait to receive some other information from another accountant before I can finish my personal taxes."

Many people are in the same boat as Dr. Lankford, and waiting to file helps ensure a better refund. However, the clock is ticking and time is almost up.

"If you don't get your taxes in on time there is a possibility of a late payment penalty the IRS can assess to you," said Matthews. "And if there is a payment due, then starting on April 16, Friday, they will start assessing you interest on that money."

Why such a rush at the last minute? Matthews says it is because the majority of late filers owe and aren't ready to mail in payments.

"There is an extension that is possibly available for you that will give you an extra six months, but that's only to get the tax return filed, not to pay any taxes," Matthews said. "So if you owe the IRS or state, then those monies are supposed to be in by tomorrow, but it does give you time to get the paperwork in."

H & R Block promises to help anyone and everyone who is trying to beat the deadline. Also, the IRS publicly advices people to simply file your taxes with IRS E-file, which is available free for most people at www.irs.gov.


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