For those who took a six-month extension from filing taxes last April 15, Tuesday is the official last day to file your 2012 returns with the IRS and state Franchise Tax Board. To meet the Oct. 15 deadline, taxpayers can file electronically until midnight tonight or have a paper return postmarked today.
And even with the federal government’s shutdown, the IRS says taxpayers don’t get a reprieve.
For walk-in tax help, the FTB’s field office is open until 5 p.m. at 3321 Power Inn Road, Suite 250, in Sacramento. Or call the FTB’s consumer helpline at (800) 852-5711.
For help with IRS taxes, it’s another matter. Due to the federal government furloughs, all local IRS taxpayer offices, such as 4330 Watt Ave. in Sacramento, are closed. Nor is there any live help by phone. Taxpayers who call the IRS helpline at (800) 829-1040 will get a recorded message that encourages them to use the IRS website, http://www.irs.gov/.
About 10 percent of California tax filers – roughly 1.5 million – turn in their tax returns between the April and October deadlines, according to the FTB. Those who owe taxes and miss the Oct. 15 six-month deadline will face late-payment penalties, which vary but start at the lesser of $135 or 100 percent of the tax due.
Those who are getting refunds aren’t charged a late-filing penalty by the FTB, but may face other enforcement penalties if they miss the October 15 filing deadline.
“If you owe taxes and can’t pay, contact us. We can work to get you on a payment plan,” said FTB spokeswoman Denise Azimi. She said the FTB’s enforcement division will start sending out notifications to non-filers in December. “It’s really not fun to get behind on your taxes. If you owe money and don’t file, it’ll just be more money you owe in penalties and interest.”
Call The Bee’s Claudia Buck, (916) 321-1968. Read her Personal Finance blog, www.sacbee.com/personalfinanceblog.