If you haven’t filed your income tax returns yet, this is a warning to remind you that you have until next Tuesday, April 15, 2008 at midnight to get your tax returns filed. Here are a few tips to keep in mind if you are a tax procrastinator:
- Check with your local post office to see if they will have extended hours on Tuesday night. Some post offices will remain open until midnight so you can make sure you get your tax returns post marked by that time.
- If you do wait until the last day, make sure you get them postmarked while it is still April 15, and be sure to send the tax returns via certified mail, return receipt requested.
- Go ahead and file your tax return no matter if you owe the IRS money and you don’t have any money to pay it. We’ve discussed this on here before. You will save yourself up to a 25% penalty by at least filing the return.
- If you owe money and cannot afford to pay it, look into your options. Depending on the amount you owe and your past history with the IRS you may be able to easily set up an installment agreement. If you owe a significant amount you may be eligible for an offer in compromise. Read more on this blog to learn more about those options or contact a tax professional to assist you and your specific situation.