PROVIDENCE, R.I. (WPRI) — The deadline to file your taxes is quickly approaching, but there’s still time for the procrastinators out there to send in your forms or file for an extension.
The IRS tax deadline is Tuesday, April 15. If you’re having trouble getting your forms finished, doing nothing at all is the worst thing you can do. The penalty for forgetting to file is 10 percent of what you owe to the IRS, plus interest.
There’s also the option to file for an extension, but that doesn’t mean you get an extension on paying what you owe. If you can’t pay it all at once, you can set up a plan with the IRS to get it paid off.
This year, the IRS said it will have fewer agents auditing returns than at any time since the 1980s, since budget cuts are straining the agency’s ability to police tax returns. Expect a long wait time if you try to call the IRS. Your best bet is to visit IRS.gov, where chances are you’ll be able to find answers to any questions you have.