Friday, April 11, 2008

Last-Minute Tax Resources

Reminder: the deadline for filing your federal income tax return is Tuesday, April 15.

Need more time to file? Consult the Internal Revenue Service page for Extension of Time to File for more information about obtaining an automatic extension with Form 4868. Remember that, in the words of the IRS, "an extension of time to file is NOT an extension of time to pay"! You'll need to estimate your tax liability and send payment with the extension application in order to avoid paying interest and penalties later.

Already filed, and desperately wanting that refund? Check the status of your refund payment at the IRS web site. You'll need to enter your Social Security Number, filing status, and the exact amount from your return, so have those records handy.

Wondering if you'll get that other rebate from the news? The President's special "Economic Stimulus Package" may net taxpayers up to an additional $600 rebate this year; payments will begin to be distributed on May 2. To find out if you are eligible, visit the IRS Information Center, where you can calculate the amount of your rebate and view the distribution schedule.

Hoping that this post would be about study aids for your Fed Tax final, instead? Check out the Library's research guide for Federal Tax, especially the "Basic Sources" section, to locate titles like Understanding Federal Income Taxation and The Law of Federal Income Taxation hornbook.