By Charlie Bauder, WNEG Radio, Toccoa
With the April 15 deadline to file taxes quickly approaching, the Internal Revenue Service is offering some last-minute tax tips.
IRS spokesman Mark Green says people need to remember that while the deadline is Monday, that still means time remains to get everything done.
“Don’t panic,” said Green. “You still have time. There are many options out there.”
Green says the IRS encourages people who have not done so to file electronically.
According to Green, an electronic return is less prone to errors than a paper return.
In addition, he says electronic returns also offers faster refunds and confirmation within 28 hours that the IRS has accepted the tax return.
But for those who still fill out a paper return, Green says it is important to make sure no errors are made.
“To cut down on errors, re-check your identification numbers make sure all Social Security numbers are listed on there, make sure you double-check your math calculations,” said Green. “In addition, if there is a joint return and only one party works, we still need both signatures on that tax return.”
For those who will not have things ready to file by Monday, Green says that taxpayers do have the option of course of filing for an extension, which gives a person until October 15 to file their return.
However, Green cautions that it is only an extension to file, not an extension to pay.
“What it does not do is give you additional time if you expect to owe, so if you do owe, or expect to owe, pay at least 90 percent of the tax you expect to owe,” said Green.
Meanwhile, Green says taxpayers who are having trouble paying their tax bill need to get in touch with the IRS.
He says that communicating with the agency can help taxpayers avoid problems down the road.
For more information on tax-related issues, contact the Internal Revenue Service at 1-800-829-1040 or visit www.irs.gov.