Locals rush to file federal income taxes
PADUCAH, Ky. - Tax day is Monday, April 15th. Hopefully you've gotten your return prepared and have your refund in hand. But if you haven't, now is the time to get moving.
There are some options for you last minute procrastinators.
For Chuck Baringer, fishing at Paducah's Noble Park was top of mind Sunday not the looming tax deadline.
"Taking a day off and just relaxing," he said.
Baringer thought ahead and filed his taxes months ago. Meaning now, he's in the clear.
"As soon as I get my last W-2 or 10-99 I file my taxes," he said.
But Dean Owen, CPA, said the IRS is reporting more Americans haven't completed their taxes yet.
"There's still a significant gap between who has filed and who has not," said Owen.
And of those that have filed, Owen said the money isn't what it once was.
"There's a lot more paying in, and the refunds are significantly smaller," he said.
So what can you do if you haven't filed with Uncle Sam yet?
Owen said there are options. First, you need to immediately file for an extension. An extension will stop the fees for non-filing.
Then you'll need to estimate how much you might owe and try to pay that to the IRS by April 15th. If you don't pay anything, you'll get slapped with more late fees.
Owen said the season's been rough on his staff because of the stalemate in Washington. Tax codes came in later than usual.
"The IRS delays, the delays in Washington, they've caused delays for taxpayers. They've caused delays for us," said Owen.
But all that is an after-thought for Chuck Baringer.
Now if he could only find a fish after reeling in a refund.
"It's be nice," he said.
For a link to the IRS with information about obtaining an extension, click here.