Don't Hit the Panic Button!
Video:Less than a week!!
The deadline to file taxes is midnight on Monday, April 18 - less than a week away. For taxpayers who have not yet filed their returns, the next week may seem like a mad rush to the finish line.
But there's no need to panic - even for the worst tax procrastinator.
Bob Meighan, CPA and VP of TurboTax, will be available live from one of the nation's busiest tax call centers. Hundreds of tax experts are manning the phones to help taxpayers complete their returns and meet the filing deadline as easy as possible.
During the tour Bob will offer simple tips and advice to take the dread out of last-minute filing.
· Filing online - With no more time to waste, online tax preparation and e-filing is the way to go. Taxpayers can file right up to midnight on April 18.
· Filing an extension - Taxpayers who aren't going to make the deadline must file an extension. But while an extension gives them six more months to procrastinate - taxpayers still have to pay if they owe.
· Finding last minute deductions - believe it or not, taxpayers can still make a few tax saving moves, even this late in the game, including making a IRA contribution before April 18.
· E-filing to beat the clock - By electronically filing their tax return, not only do taxpayers get their refund faster, they get confirmation that the IRS has received their return, especially important for late filers.
Bob Meighan, CPA and VP of TurboTax, is the past chairman and current member of the Electronic Tax Administration Advisory Committee. He joined Intuit in September 1991 and served most recently as vice president and general manager of the consumer tax group. Prior to joining Intuit, Mr. Meighan spent 11 years with the 'Big 6' accounting and consulting firm, Price Waterhouse, where he served as a senior manager in the advanced technology group. Because of his extensive tax knowledge, Meighan has been featured on ABC News, CNBC, CNN, Bloomberg Radio, and countless local and national television and radio programs, as well as contributing tax tips and information to the Wall Street Journal and New York Times.