Monday, April 18 is Tax Day and the IRS expects to receive tens of millions of last-minute filings electronically and through paper forms.
WASHINGTON -- Monday is Tax Day - the federal deadline for individual tax filing and payments - and the IRS expects to receive tens of millions of last-minute filings electronically and through paper forms.
Nina Tross, executive director of the National Society of Tax Professionals, said that if people haven't filed their taxes by now,"they're better off filing an extension." Another is that the agency has administered massive coronavirus pandemic-related relief programs over the last several years - like the advanced Child Tax Credit.
Lisa Greene-Lewis, a certified public accountant and a spokesperson at TurboTax, said that if people still intend to file a return by Tax Day,"I would gather all your documents in one place so you don't leave anything out, like W-2s and 1099s." Though the agency announced plans in March to hire at least 10,000 more workers to help process returns, administration officials say the IRS is in desperate need of more funding, as its budget has fallen over the last decade.
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