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Shutdown Doesn’t Mean You Get a Break on Oct. 15 Tax Return Deadline
Posted By Carole Fleck On October 7, 2013 @ 1:58 pm In Bulletin Today,Money & Savings,Work | Comments Disabled
And millions of you had better get busy. According to the IRS, as of the last week of September, many of the 12 million taxpayers who sought extensions had yet to file. (Of course, you needed to pay at least 90 percent of your estimated tax back in April to avoid any penalties.)
Check out these often-overlooked credits and deductions .
If you have questions about federal forms, or need help with last-minute calculations, don’t look to a live IRS tax expert for advice during the shutdown. Customer service agents have been furloughed, and walk-in taxpayer assistance centers are closed. However, you may be able to find answers to your questions on the IRS automated phone system at 800-829-1040 or on its website . You can also visit AARP’s tax-aide  online for answers to common questions.
The IRS says it prefers that you file your return electronically since those returns are processed automatically. If you choose to file a paper return, it won’t be processed until the government is back up and running. Still, your return must be postmarked by Oct. 15 to be considered on time, the IRS says on its site . If you miss the deadline, you’ll face fines.
If you owe money and can only pay a partial amount, you must still meet the Oct. 15 deadline to avoid the late-filing penalty — 5 percent per month — that would otherwise apply to any unpaid balance after Oct. 15, the IRS said on its site. However, 3 percent annual interest, compounded daily, and late-payment penalties, will continue to accrue.
Taxpayers who sought extensions and were affected by the severe storms and flooding that hit parts of Colorado  have more time, until Dec. 2, to file and pay. Military members serving in a combat zone have at least 180 days after they leave that zone to file returns or pay any taxes due.
One other note: For those of you who are self-employed, Oct. 15 is also the deadline to fund a SEP-IRA.
Photo: Moneyblognewz/flickr 
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Article printed from AARP: http://blog.aarp.org
URL to article: http://blog.aarp.org/2013/10/07/shutdown-doesnt-mean-you-get-a-break-on-oct-15-tax-return-deadline/
URLs in this post:
 Image: http://blog.aarp.org/wp-content/uploads/2013/10/5611562446_df7057d86a_n.jpg
 credits and deductions: http://www.irs.gov/Credits-&-Deductions
 website: http://www.irs.gov/
 AARP’s tax-aide: http://www.aarp.org/money/taxes/aarp_taxaide/?intcmp=AE-BLIL-DOTORG
 the IRS says on its site: http://www.irs.gov/uac/Newsroom/IRS-Operations-During-The-Lapse-In-Appropriations
 Colorado: http://www.irs.gov/uac/Newsroom/IRS-Provides-Tax-Relief-to-Victims-of-Colorado-Storms
 Moneyblognewz/flickr: http://www.flickr.com/photos/moneyblognewz/5611562446/sizes/n/in/photolist-9xSJ1E-9wzksM-dM3XoY-dLXq7i-dLXpUv-dM3ZSU-dLXruc-dM41gu-dLXqEx-dM3WoJ-dM3WFy-dLXp7X-dM3YnW-dLXrha-dM3Xyj-dLXpFg-bBWUWy-bQRAxi-bQRACn-bQRAyF-bQRAue-bQRAmV-g886mj-aCL6Nd-9cD6Dj-9cD6Cm-9cD6Gb-9cA1g2-9cD6HN-fpbgKw-foVWYV-9WNoaC-9ycyoo-9B4Q9u-9cD6AS-dYEn5E-dSM5Eb-foVW3D-fpbf8C-9cA1hg-bUmuNN-bBWUE1-bQRAor-bQRADK-bQRArg-bBWUY1-bQRApT-7RwSjv-eaLLsn-9wn3Bq-dUbBph/
 Angry About the Shutdown? Join the Club: http://blog.aarp.org/2013/10/01/angry-about-the-shutdown-join-the-club/?intcmp=AE-ENDART1-BL-REL
 How the Government Shutdown May Impact You: http://www.aarp.org/politics-society/government-elections/info-09-2013/how-government-shutdown-would-affect-you.html?intcmp=AE-ENDART2-BL-BOS
 Shopping for health insurance? The health insurance marketplace is now open: http://healthcare.gov/?intcmp=AE-BL-ENDART3-ADV-HCGOV
 Join AARP: https://appsec.aarp.org/MSS/join/application?intcmp=AE-ENDART3-BL-MEM
 AARP home page: http://www.aarp.org/?intcmp=AE-ENDART3-BL-HP
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