Today is the tax filing deadline. Everyone has until midnight to complete and either e-file or mail their tax returns to the Internal Revenue Service. IRS spokesman Christopher Miller says so far about 90% of all Nebraskans have used e-file. He says at this late date that may be the best option. He says the biggest problem at this late date is people entering the wrong figures. He says e-filing reduces the chance of error to around 1% compared to a 20% chance with a paper return. He recommends everyone check their returns twice to make sure all the figures are correct including social security numbers of all dependents.
Miller says those who won’t finish their returns by the deadline can file an extension – IRS form 4826. That extends the filing deadline six months until October 15th. About 45,000 Nebraskans are expected to file extensions this year.
Filing an extension does not mean extra time to pay money owed. Miller says all payments are still due today and penalties and interest will be added to tax bills. He says those who can’t pay their tax bill should contact the IRS and they will work out a payment plan. Miller says an offer of compromise that can be set up in some situations.