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Many filing last-minute as tax deadline looms

MGN Online

MGN Online

HAZARD, Ky. (WYMT) - To paraphrase Benjamin Franklin, "nothing is certain except death and taxes." Monday was the last day for people to make certain they submitted their tax returns, and many folks waited until the last minute.

Tax preparers at Less Tax in Hazard say they have seen a steady stream of folks looking to file their last-minute tax returns.

"Sometimes a lot of people will wait until the last day and come in. Sometimes you don't see that many, but this year seems like we've had more," said Sharon Lewis, manager of Less Tax.

The filing deadline for 2012 returns is April 15th. People we talked to off camera said they had waited until the last minute to file mainly because they have been busy with work, but tax experts say it is better to file your taxes early.

"We do, yeah not to wait until the last minute because you can miss stuff by waiting until the last minute," Lewis said.

If you have been putting off paying your taxes for 2012, do not worry. Tax professionals we talked to say you can still apply for an extension.

"They just need to come in and let us know that they don't have their stuff together and ready to file, and go ahead and do an extension and it'll allow them six months to get everything ready and filed," Lewis said.

Experts point out an extension gives you more time to file a return, but not more time to pay. Still,they say you should submit a return even if you can not afford to pay to avoid additional penalties.

The Internal Revenue Service recommends e-filing your taxes to save time. They have a wealth of information and resources on their website, www.irs.gov.

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