April 14, 1993
Deadline at Hand,
IRS Offers Last-Minute Advice
WASHINGTON - As the filing season winds down, the
Internal Revenue Service has some advice for the 45 million taxpayers it's waiting to hear
from -- don't panic, just send your tax return or extension request on time. And the IRS
offices around the country are geared up to help in a variety of ways:
- In Milwaukee, the IRS and the local radio station are sponsoring "TAXFEST
'93." Volunteers will be on hand to help prepare returns and the IRS personnel will
also be available to accept last-minute questions. The IRS is also sponsoring a dunk tank,
where taxpayers, for a small donation, can dunk an IRS official. The donations -- which
are tax deductible -- will go toward reducing the federal deficit.
- In Detroit, the IRS is hosting "Midnight Madness." The IRS, in cooperation
with the Postal Service in seven cities throughout Michigan, will have employees on hand
at post offices until midnight to answer questions and help taxpayers complete extension
- In downtown Cleveland, IRS employees will hand out over 10,000 brochures entitled
"It's Never Too Late." This IRS publication explains how those who have failed
to file in the past can file returns now and get right with their government.
- Nationwide, many IRS walk-in and telephone assistance sites are extending their hours to
help tax payers who are rushing to beat April 15's midnight deadline. For IRS tax help
times in your area, call 1-800-829-1040, or your local IRS office.
If you cannot complete your return on time, file Form 4868 for an automatic four-month
extension. This is not an extension of time to pay, but the IRS will now give you the
extra filing time even if you cannot pay your estimated balance due. You must pay interest
on any balance due after April 15, plus late payment penalty if the amount paid by April
15 is less than 90 percent of your total tax.
Don't make a mistake of not filing your return because you can't pay the tax due. File
and pay as much as you can. If you want an IRS installment plan to pay the remaining tax,
attach Form 9465 to the front of the return, or a note with the amount you propose to pay
each month and the monthly due date. You will owe interest and late payment charges until
you pay all the tax.
If you don't get an extension or file your return on time, you face a penalty of five
percent per month on the unpaid balance, with maximum penalty of twenty-five percent.
Those who file more than 60 days late face a minimum penalty of $100, or the full balance
due, if that is less.
As of April9, the IRS had received 70 million returns, 6.5 percent fewer than for last
year. The IRS expects about 40 million tax returns plus around 5 million extension request
during the coming weeks. It has sent 48 million refunds, worth a total of $46.7 billion.
At $971, the average refund is down 0.5 percent.
1993 FILING SEASON STATISTICS
Cumulative through the week ending 4/10/92 and 4/09/93
1992 1993 % Change
Individual Income Tax Returns
Total Receipts 74,989,000 70,106,000 -6.5
Total Processed 64,139,000 59,403,000 -7.4
Filing Alternatives -- Total Receipts:
Electronic Filing 10,380,000 11,683,000 12.6
1040PC Format 983,000 2,914,000 196.5
TeleFile 121,000 141,000 16.5
Refunds Certified by the Martinsburg Computing Center:
Number 51,617,000 48,109,000 -6.8
Amount of Principal $50.335 billion $46.697 billion -7.2
Average Refund $975 $971 -0.5
(NOTE: these amounts should NOT be compared to the "processed"
numbers above, since those figures reflect Service Center
processing, which is completed at least a week before refunds
are certified at the Computing Center)
Taxpayer Service Filing Season Statistics
through 4/2/92 through 4/3/93
calls answered 16,060,457 15,978,229
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