IRS Tax Filing Deadline is Today

 

IRS Form 4868 001IRS Tax Day in Tampa 003Around 25 people waited patiently in line in the warm weather at the Internal Revenue Service office on Columbus Drive near N. Dale Mabry in Tampa, Florida during the lunch hour today.  The IRS Office in Tampa is open until 4:30 p.m. to help taxpayers file their forms.

Today, April 15, 2015 is the last day to pay federal income taxes to the Internal Revenue Service without penalties or ask for an extension.  IRS also warns taxpayers to beware of scammers contacting or threatening you to pay up and phishing for your personal information during this tax season.  IRS never calls tax payers.

According to http://www.irs.gov, 2 out of 3 taxpayers have already filed.  The Internal Revenue Service advises procrastinators to use “Free File” or “Direct Pay” to get a 6-month extension, if you need one.  E-Pay and payment agreements with IRS also are available.

If mailing tax returns today, IRS tax forms must by postmarked by midnight April 15th.

If you’re still crunching the numbers on the complicated tax forms, the majority of taxpayers get refunds. The average refund is $2,825.  More than 90 percent of tax payers have filed online.  IRS generally pays $300 billion in tax refunds every year. 150 million returns expected to be filed by the end of the tax season.

IRS also is doing less audits mostly due to Congress cutting the federal agency’s budget by $1.2 billion since 2010.  Last year, IRS audited 7.5 percent of returns filed by tax payers who make $1 million or more.

IRS advises to pay what you can today, even if you can’t pay the full amount owed and file a return today by midnight.  Request IRS Form 4868 for an extension to pay by Oct. 15th.

If you don’t pay your federal income taxes, there are penalty fees.  Generally late fees are 5  to 25 percent of your original tax bill.

For more information, http://www.irs.gov

Sources:  yahoonews.com, http://www.irs.gov, Associated Press

—-Carol Lim

 

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