IRS Tax Extension Deadline Looming

The following is user-generated content from Dianna Besunder, IRS Media Relations Specialist:

Less than one month remains until the Oct. 15 deadline for 560,000 New Yorkers who requested a six-month extension to file their 2011 individual income tax returns. Nationwide about 10.5 million taxpayers requested an automatic six-month extension this year.

The IRS reminds taxpayers on extensions that IRS e-file is fast, accurate and secure, making it an ideal option for those rushing to meet the Oct. 15 deadline that applies to most people who requested extensions.

Most taxpayers qualify for e-file regardless of whether they prepare their returns themselves or use a paid preparer. In addition, those with incomes at or below $57,000 can file their returns for free using the Free File link on IRS.gov.

Taxpayers who file electronically can also e-pay by authorizing an electronic funds withdrawal or making a credit card payment. The IRS does not charge a fee for processing an electronic funds withdrawal. However, credit-card payments are subject to convenience fees charged by the authorized service providers.

Paper filers, as well as electronic filers, who cannot pay what they owe, may be able to set up a payment agreement with the IRS in a matter of minutes. Check out the Online Payment Agreement section on IRS.gov for more information.

Some taxpayers can wait until after Oct. 15 to file. This includes those serving in Iraq, Afghanistan or other combat zone localities and people affected by recent natural disasters.

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