Saturday, May 18, 2013

The latest local news, weather and high school sports from the Heartland

Taxes due ASAP
Posted: 04.15.2010 at 5:16 PM
0

Late filing penalty is 10 times that of late payment.

Photo

OTTUMWA, IOWA -- April 15 is Tax Day, or the official deadline to file taxes.

Our Fact Finder team looked into what people should do if they haven’t filed their taxes yet.

Fact Finder talked with Iowa’s IRS Spokesperson Chris Miller and he says first and foremost people can still E-File tonight.

Miller tells Fact Finder the IRS expects 10 Million returns to be filed today nationwide.

Even if you cannot afford to pay your taxes right now, Miller says it is still important to file and will be cheaper in the end for you.

“You should timely file your tax return and pay as much as you can by April 15th if you owe because the late filing penalty is 10 times greater than the late payment penalty,” Miller said.

Miller tells Fact Finder that 78% of an expected 1.3 million returns were filed by April 14th in Iowa. Miller says Iowa also leads the nation in E-Filing.

Miller says there are multiple ways to pay your taxes.

“If you owe money, you need to make a check or money order out and send it along with your tax return and you make it out to the United States Treasury. Also we would tell you to include a payment voucher,” Miller said.

Miller says the voucher ensures the money is credited to the right account. He tells Fact Finder people can also pay with credit or debit over the phone or online.

“If people haven’t filed their taxes after tonight, they should try to get their return in as soon as possible to avoid any further penalties or interest. So if you haven’t filed by the deadline, try to get it in as soon as possible,” Miller said.

The penalty for late filing is 5% and only 0.5% for late payments.

For more information, click here. 

Popular Stories
Thumbnail
Fugitive wanted from SWAT raid in custody
KTVO Newsdesk  |  Yesterday at 12:57 PM  |  13 comments
Thumbnail
Superintendent in legal trouble resigns
John Garlock  |  Yesterday at 4:56 PM
Thumbnail
Confessions from the child of a meth addict
Justin Andrews  |  Yesterday at 9:00 AM  |  3 comments
Follow Heartland Connection
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Best Bets Home & Ag
Home and Ag information from our experts
Funeral Announcements
Announcements from area funeral homes
Your next car
View inventory from Lovegreen Ford Chrysler
Senior Living
Information for you
ADVERTISEMENT