Tax Deadline Monday

It's that time of year again.  Tax time.  Have you filed your taxes yet?  No? 

The good news is that the traditional April 15 deadline has been changed.   The actual deadline for  taxes to be completed and submitted to the government is Monday—one day away.

A great aid in filing a tax return is the Internal Revenue Service website, IRS.gov.  All the forms you need are right at your fingertips and the IRS has provided tips to aid in the completion of a return.  The agency has even launched new phone apps to help with tax-filing needs on the go.

Why not file online? Many people who e-file their returns and find it much easier and faster. 

If filing your taxes in the next 24 hours sounds impossible, alleviate stress by filing for an extension.  This can be done throug the IRS website and for free.  All that's needed are  W-2 forms, any 1099's, the tax return from last year and any other pertinent information that's normally submitted when filing a return.

It is important to file either a return or an extension before Monday's deadline. The IRS website states clearly outlines the adverse effects  of not paying taxes in a timely manner.

"If taxes are not paid, and no effort is made to pay them, the IRS can ask a taxpayer to take action to pay the taxes, such as selling or mortgaging any assets owned or getting a loan." according to the website. "If effort is still not made to pay the bill, or make other payment arrangements, the IRS could also take more serious enforced collection action, such as levying bank accounts, wages, or other income, or taking other assets. A Notice of Federal Tax Lien could be filed that may have a detrimental effect on a taxpayer’s credit standing."

If help is needed when filing a return, IRS officials are available by phone.  Live assistance is provided Monday through Friday.  There is also a 24-hour recorded assistance line available.