Monday, April 12, 2010

Tax Deadline is Near

The deadline to file tax returns is midnight Thursday. IRS Spokesperson Carrie Resch recommends filing electronically, because the error rate is only 1 percent. She tells KLLKS News, taxpayers needing an extension can do so by using form 4868.

Resch says it is important the return is filed even if there is an inability to pay the actual tax. She says the penalty is much higher for those who do not file.

Resch recommends taxpayers pay as much as they can. The IRS will then set up a payment schedule for the rest.

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