Tax Crunch

by Christa Lollis

The past few weeks have been a blur for most accountants in East Texas. Last minute filers have been keeping them busy. "When April first rolls over and people look at the calendar, April first everyone gets a little bit oh, excited it's time to file," Sharon Monroe, Lufkin CPA said.

With the deadline just days away, tax experts are offering advice to East Texans who haven't filed their returns. They say e-file will bring you the fastest return. And if you don't think your return will be done by the 15th you need to know that an extension is tricky. "It only extends the time to file the tax return. It does not extend the time to pay any tax that's owed," Monroe explained. That means you'll still have to send a check to the IRS by the 15th or you'll still be charged penalties.

If you don't file anything you won't receive one of the rebate checks that congress approved. Monroe says, "If you do not file a tax return this year you won't be eligible for the rebate. Even though you might not be required to file that tax return you need to file the tax return to be eligible for the rebate." If you still haven't filed your taxes and would like more information you can go to the IRS website, or call their support line at 1-800-829-1040 Monday through Friday.