Tax Deadline Looms; Northlanders Rush To Submit Returns

By KBJR News 1

Tax Deadline Looms; Northlanders Rush To Submit Returns

April 15, 2013 Updated Apr 15, 2013 at 8:54 PM CST

Duluth, MN (NNCNOW.com) - April 15th means your state and federal tax returns are due at midnight.

The Wisconsin Department of Revenue expects roughly three million tax returns this season alone, and nearly each of those will be e–filed.

E–filing is the most popular way to submit tax forms. According to one of the tax professionals we spoke with, many tax payers are simply confused when it comes to paper forms.

If you have not yet filed or you're in the process of filing right now, request and extension immediately.

If you're concerned that you will not meet the midnight deadline, you must file an extension today from the IRS to avoid penalties.

Once the request has been made you have until October 15th to pay your taxes. Keep in mind that one percent of interest will accumulate each month on the amount due until you file.

If you're running behind, A certified public accountant we talked to says you still have options.

"If you have W2 wages and a home, and that's it I think you're fine using TurboTax ort something like that. If you have investments, or if you have kids or if you have other deductions or you're self employed you're probably going to want to have someone else do your return for you. It's too easy to miss deductions," Robin Rosenbaum, Rosenbaum Business Consulting, CPA, said.

Taxpayers who filed an extension with the IRS automatically will be given a state extension....just be sure to attach a copy of the IRS extension form to your return and make a copy of the 48–68 form for your records.

I called more than a dozen CPA offices today and only Rosenbaum was able to speak as I caught her at the time when she finished her last return.

That means the tax deadline crunch is being felt across the region.

Rosenbaum says with the recent tax law changes, tax software systems were not updated right way, resulting in a stressful last several months.

Justin Reis, NNC.
jreis@kbjr.com

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