April 04, 1996
Tax Deadline Nears -- Extensions Available
WASHINGTON - With the tax filing deadline eleven days away, the
Internal Revenue Service today reminded taxpayers that it offers
automatic extensions for those who can't complete their forms on
time.
You can get an extra four months -- until Aug. 15 -- to do the
paperwork by sending Form 4868 to the IRS by Apr. 15.
This filing extension does not give more time to pay any taxes
owed. You must estimate your total tax liability when requesting the
extension. You may pay any projected balance due with the Form 4868,
but if you can't pay the full amount, you can still get the
extension.
Interest charges apply to any tax not paid by Apr. 15. You may
also be liable for a late payment penalty if the total you have paid
by Apr. 15 is less than 90 percent of your actual 1995 tax.
You may download Form 4868 to your computer through the IRS Web
site -- http://www.irs.gov -- or directly via modem from the
Internal Revenue Information System bulletin board at 703-321-8020.
Those with a fax machine may use the voice unit to call 703-487-4160
and request item 52 (Form 4868) by return fax. Form 4868 is also
available at local IRS offices and many public libraries.
1996 FILING SEASON STATISTICS
Cumulative through the week ending 3/31/95 and 3/29/96
1995 1996 % Change
Individual Income Tax Returns
Total Receipts 61,399,000 61,065,000 -0.5
Total Processed 51,284,000 52,024,000 1.4
Filing Alternatives -- Total Receipts:
Standard Electronic 9,932,000 1 0,650,000 7.2
TeleFile 621,000 2,524,000 306.4
1040PC Format 1,016,OOO 3,448,000 239.4
Refunds Certified by the Martinsburg Computing Center:
Number 38,767,000 41,578,000 7.3
Amount of principal $41.711 billion $52.073 billion 24.8
Average refund $1076 $1252 16.4
(NOTE: refund data 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).
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