April 03, 1997
Tax Deadline Nears -- Extensions,
Installment Plans Available
WASHINGTON - With the tax filing deadline less than two weeks
away, the Internal Revenue Service today reminded taxpayers that it
has help for those who can't complete their forms on time or can't
pay what they owe.
You can get an extra four months -- until Aug. 15 -- to file by
sending Form 4868 to the IRS by Apr. 15. This filing extension does
not give you 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 1996 tax.
You may download Form 4868 to your computer through the IRS
Website -- http://www.irs.gov -- or directly via modem from
the IRIS at FedWorld bulletin board at 703-321-8020. Those with a
fax machine may use the IRS TaxFax by calling 703-487-4160 and
request Item #13141 by return fax. Form 4868 is also available at
local IRS offices and many public libraries.
If you've completed your tax forms, but you can't pay the full
amount owed, you should still file your return on time, to avoid the
late filing penalty. Send as large a payment as possible with your
return, to lessen any interest and penalty charges.
You may ask the IRS for an installment payment plan when you
file. Attach Form 9465 to the front of your tax return, listing the
amount you propose to pay each month and on which day. You may
download Form 9465 via computer from the sites listed above or
receive it from TaxFax -- item #14842. The IRS will let you know
within 30 days if your proposal is accepted. There is a $43 fee for
setting up the installment payment plan, which will be added to your
When sending a payment, make the check out to "Internal Revenue
Service" -- not "IRS." Be sure the check includes your name,
address, Social Security number, a daytime phone number, the tax
year and the form you filed. Do not attach your check to your tax
form, and do not include any 1997 estimated tax payment.
As of March 28, the IRS had received more than 61 million
returns, over half the total expected this year. Electronic options
continue to grow in popularity with taxpayers, with standard
electronic filing showing an 18 percent increase and TeleFile
surging by 56 percent over last year. The IRS has processed nearly
41 million refunds, totaling over $55 billion. The average refund
-- $1346 -- is up 7.5 percent from this time last year.
1997 FILING SEASON STATISTICS
Cumulative through the week ending 3/29/96 and 3/28/97
1996 1997 % Change
Individual Income Tax Returns
Total Receipts 61,065,000 61,042,000 - 0.0
Total Processed 52,024,000 50,891,000 - 2.2
Filing Alternatives -- Total Receipts:
Standard Electronic 10,650,000 12,583,000 18.2
TeleFile 2,524,000 3,933,000 55.8
1040PC Format 3,448,000 4,005,000 16.2
Refunds Certified by the Martinsburg Computing Center:
Number 41,578,000 40,948,000 - 1.5
Amount of principal $52.073 billion $55.106 billion 5.8
Average refund $1252 $1346 7.5
(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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