As the October 15th, final filing deadline looms, people are scrambling to file their tax returns. Luckily, with e-filing options, we can wrap it up at 11:59 pm on October 15 and still file on time, right? Oh, the perils of procrastination.
We all know the risks of waiting until the last minute – anything could go wrong and you have no time to fix it. What if your computer dies? Or your internet goes out? Or you just can’t find that one last receipt? Remember in 2007 when tax-preparation software form Intuit, TurboTax and a few others all malfunctioned? A million things could derail the tax filing train. And just to mix things up a little this year, the IRS is having technical problems of their own.
As Kay Bell of Don’t Mess With Taxes reports, the IRS shut down e-filing system for a few days to run some standard tests. Only, when they tried to start it up again, they couldn’t get the system back up and running. The IRS says this shouldn’t cause a problem as their older backup system should just pick up the slack. But, are you willing to risk late-filing penalties?
Perhaps this can be a little object lesson in proper planning so you’re not rushing to file?
Good luck to all those taxpayers who filed for extensions, let’s hope the IRS fixes this problem and you file with no trouble at all.
(hat tip: Don’t Mess With Taxes)
- Latest Good Reads
- 5 Ways Retirement Tax Breaks Will Change in 2011
- Tax On Wrongful Imprisonment Needs Reform
- IRS Paid Out $111 Million in Erroneous Stimulus Ta...
- IRS Announces Pension Plan Limitations for 2011
- Website Asks Americans To Love Taxes
- Key Tax Breaks at Risk as Panel Looks at Cuts
- Problems Found with IRS Decision on Private Debt C...
- Swiss, German Finance Ministers to Sign Tax Deal
- IRS Examines Build America Bonds, Compliance
- Acne Cream? Tax-Sheltered. Breast Pump? No.
- New Figures Detail Depth Of Unemployment Misery
- Lambda Legal Releases Tax Guide Following IRS Ackn...
- For a Big Tax Break, Hit the Roof
- Tax Collector Tries to Squash Idaho Pumpkin Stand
- Top 10 Halloween Season Tax Tips
- Questions for the Tax Lady: October 25th, 2010
- California's Business Tax Burden No Heavier than A...
- Law Firm Serves Up Legal Help at a Drive-Through
- Mad Men and Taxes (No Spoilers!)
- Latest Good Reads
- What Would be the Biggest Tax Mistake This Year?
- Surprise! You got a Tax Cut! (You Just Didn't Noti...
- Swiss Warn Banks Over Offshore Accounts
- The Tax Haven That's Saving Google Billions
- The Overseas Profits Elephant in the Room
- 2010 IRPAC Report Made Available
- Tax Dreams of Drug Decriminalization
- The Pros and Cons of a Nation Wide Foreclosure Fre...
- Health Savings Account Deduction
- How to Interview Potential Employees
- Taxpayers Anxiously Await Annual 'Patch' to Altern...
- How “Going Green” with Building & Maintenance can ...
- Treasury Authorizes Sale of More Citigroup Stock
- The Tax Implications of The New Small Business Job...
- Questions for the Tax Lady: October 18th, 2010
- Business Use of a Vehicle
- Obama: End Tax Breaks to Stop Overseas Hiring
- Dancing Tax Collectors
- IRS Is Taxing My Nobel Prize!
- Black Friday App Watch: Use Your iPhone to Shop An...
- Bernanke Says Federal Reserve Ready to Further Sti...
- Social Security: No 2011 Increase
- Tax Deadline Reminder!
- Reporting Workplace Health Benefits Is Optional
- Boomerang Kids: 85% Of College Grads Move Home
- Can Using Gift Cards Help You Stick to a Budget?
- Rise In Jobless Claims Boosts Fed Easing Expectati...
- IRS Issues Final Regulations on New Basis Reportin...
- IRS Must Use “Plain Language”
- Refund Anticipation Loan Alternatives
- White House Pushes to Extend College Tuition Credi...
- IRS Releases Draft W-2 Form for 2011; Announces Re...
- As Miners Soar, Dollar Slides
- U.S. States, Cities Seek Voter Approval for $17 Bi...
- Procrastination Doesn’t Pay
- How Much of My Savings Should Go to Annuities?
- How to Claim a Charitable Contribution Deduction
- Savings Experiment: Carpooling
- What Happens When Cities Go Broke?
- FDIC May Seek More Than $1 Billion From Failed-Ban...
- Bank Of America Halts All Foreclosure Sales
- Five myths about TARP, according to Treasury Secre...
- California Senate Approves a Budget Plan
- Questions for the Tax Lady: October 11th, 2010
- No Cost-Of-Living Raise This Year For Seniors
- Republicans Accuse Dems of Using IRS Audits to Bul...
- Important Tax Deadline Approaching
- What Banks Say About The Economy
- Late Back-To-School Shopping Lifts Retail Sales
- Baseball's Best Playoff Players For The Buck
- Obama Seeks To Partner Businesses, 2-Year Colleges...
- Latest Good Reads
- Temp Hiring Is Back. Is a Jobs Recovery Next?
- Black Friday 2010: Buy American
- IMF Revises U.S. Growth Down, Jobs Picture Bleak
- Bailout Loss Estimated at $29 Billion
- AT&T to Pay $300 Million to IRS
- Campaign Watchdogs Accuse Top Conservative Group o...
- IRS Answered Only 8.8% of 352,758 Telephone Calls ...
- Questions for the Tax Lady: October 4th, 2010
- Labels Matter to the IRS
- Ex-Football Player Jailed for Punching His Account...
- The 3 Main Types of IRS Audits
- A Tax Cut Both Parties Should Love -- But Don't
- Taxpayers Face Oct. 15 Deadlines: Due Dates for Ex...
- Goodbye To TARP, But Good Riddance?
- 8 College Fees You Didn't Plan For
- Tax Hikes to Expect in 2011
- ▼ October (89)
- ► 2009 (987)
- ► 2008 (410)
- ► 2007 (191)