Haven’t filed your taxes yet?

 

It’s almost tax day, and even if you really waited until the last minute this year, there are options out there for you.

The first thing to keep in mind is that you aren’t alone. The Internal Revenue Service estimates that 20 to 25 percent of taxpayers file in the final weeks before tax day.

Plenty miss the deadline as well: The IRS estimates that about 10.5 million taxpayers filed for an extension last year.

In total, the IRS processed about 145 million returns last year.

The good news: The IRS has made it pretty easy to ask for more time, using an online form that will give you a six-month extension.

The bad news: You still have to get some basic paperwork together to file for the extension. Most importantly, the IRS will ask you to pay up, at least based on the estimate for what you owe.

One thing you probably don’t want to do: Hide under a rock and pretend it isn’t happening. The IRS recommends filing the paperwork and paying what you can by April 17, in order to avoid or minimize late fees and other penalties.

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There are also some options for folks who can’t pay. The IRS has expanded a program called “Fresh Start,” to help people who are unemployed and owe taxes, set up payment plans for people who owe less than $50,000 and even work with the IRS to settle some tax liabilities.

If you are filing at the last minute, chances are you’re moving rather quickly. The IRS also has some tips for avoiding common errors at the last minute. Among the common-sense tips: Don’t forget to sign and date the return.

Related:

IRS strikes tough balance as ‘nice bad guy’

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Celebrate (or ease the pain) on tax day with free deals. NBC’s Chris Clackum reports.

Results with 20 short comments

WAAAAAA! I owe this year and I really feel like our gov’t is taking advantage of me – the middle class!!!!!

Just don’t forget to pay them by today. That is still required, even if you file an extension.

Just filed and mailed in my $1450 check to the IRS. Thanks Obama!

I hate last-minute stuff, so I usually file by early February.

i’m earlier than before, but I still have to pay.

Mine were done by the end of January. I just waited to send them in.

Just file the taxes and get it over with. It’s not rocket science. NO reason whatsoever that it should take so damned long.

I am honored to pay the $2,016 that I owe!

You aren’t alone. Romney hasn’t, either. have to wonder if he ever planned to.

You can’t take corruption out of right-wing politicians.

TurboTax makes it easy.

if you want it fair, then everybody should pay a fair tax, flat tax, get rid of this BS, even corporations need to by stuff pay taxes on

to poor to file just like half the country is.

I am unemployed, and I wanted to know how much I owed early on so I could be ready to pay it. It’s no fun owing Uncle Sam!

I am retired! I don’t have any tax return to file!
I was forced to select a response that did not apply to me!

Considering I’m one those workers that owe year-in and year-out, I always wait to the last day.

Finished last week. A little later than last yr but glad to be getting a refund. If you withhold properly you should never owe.

Romney will be releasing his taxes in 6 months, just before the election…not a smart move.

and amended 2008’s also!

Who the hell waits so long? Honestly. I had mine done and filed by the end of January like every year.

We owed this year, so waited until today.

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