No Time to Waste on Tax Returns
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robeo/Thinkstock(NEW YORK) — The clock is ticking down on the deadline to file your 2013 tax returns.
You must file something by midnight Tuesday or face a penalty. April 15 is when the bill is due for any taxes owed.
“The late payment penalties that accrue when you file late can be substantial,” says Eric Smith with the Internal Revenue Service.
And the charge for filing late can be even worse.
But you can easily get more time to fill in the forms. Using form 4868 “you can file the extension and give yourself piece of mind,” says tax accountant Janice Hayman. That will give you an additional six months to do the paper work.
“It gives people the chance to do things properly,” she says.
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