Income taxes and excuses - KOAM TV 7

Income taxes and excuses


Income tax forms and excuses.  Local tax preparers say people are coming in with both of those as Monday at midnight is the deadline to file taxes.

According to the Internal Revenue Service more than 10 million people weren't prepared to send their income tax forms to the government on time last year, so they filed for an extension.

Tax preparers say those extensions are much better than doing nothing.

"Everybody that has procrastinated and taken their time is just now coming in," says Elizabeth Crane of Liberty Tax Service.

The feelings of current customers most often centers around excuses.

Nineteen year old Lauren Speer is filing her taxes for the first time.

"I don't know what I'm doing," Speer says.  "I've been so busy and I just waited until the last minute."

She decided to start the process Friday.

"Yeah, I was nervous," says Speer.  "All my stuff from school and just like some Mary Kay stuff.  Like, what is that, like your own business?"

"The bottom line is get filed," says Crane.

That includes filing for an extension, if filing taxes electronically or by mail by midnight seems impossible.

"Just go online to the IRS website, look for Form 4868, which is your extension to file," says Crane.

The extension form must also be sent by midnight Tuesday.

If you owe money to the government, interest will be added, but at least you won't face penalties.  The government may not seem so welcoming then.

"It's different for every tax payer," says Crane.

Speer won't have to file an extension but she has learned a lesson.

"Ii definitely will get an earlier start next year," Speer says.

The deadline to file taxes after sending in an extension is October 15.

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