Columbia CPA gives advice for filing taxes on a time crunch

4 years 1 month 1 week ago Tuesday, April 14 2015 Apr 14, 2015 Tuesday, April 14, 2015 1:35:00 PM CDT April 14, 2015 in News
By: Christina Santiago, KOMU 8 Reporter

COLUMBIA - With April 15 Wednesday, Columbia-area accountants are scrambling to help clients get their taxes done.

 KOMU 8 News wanted to know how many Missourians filed their taxes after April 15. The Missouri Department of Revenue provided the numbers:
  • 2012: 361,004 filed late, 2,939,381 filed total
  • 2013: 311,142 filed late, 2,956,276 filed total
  • 2014: 2,169,824 filed so far

CPA Cheryl Edington said there are several reasons her clients might consider asking for an extension.

"If you don't have all your records or your charitable contributions or your business deductions, extending your tax return would ensure you take advantage of all the tax benefits that are out there," Edington said.

She said extensions can be filed online through April 15, but that does not extend your time to pay.

"The IRS will charge you interest and penalties if you don't send your payment by April 15. So if you end up filing a return later on, say in June or July, they will go back to April 15 and charge you what you owe," Edington said.

If a business return gets extended, K1 forms are not due until September 15. All other extended tax returns are due October 15. 

Edington said 1040EZ forms and W-2s are fairly simple to fill out online and on deadline.

The IRS website offers of a list of what later filers need to know.

 

More News

Grid
List
JEFFERSON CITY - Missouri's corrections officers are some of the lowest paid in the country. That's created staff shortages, leading... More >>
1 hour ago Wednesday, May 22 2019 May 22, 2019 Wednesday, May 22, 2019 1:05:00 PM CDT May 22, 2019 in News
JEFFERSON CITY - North Jefferson City has been ordered to evacuate by 5 p.m. due to flooding. An emergency... More >>
2 hours ago Wednesday, May 22 2019 May 22, 2019 Wednesday, May 22, 2019 12:10:00 PM CDT May 22, 2019 in News
OKLAHOMA CITY (AP) — Oklahoma was bracing Wednesday for more rain, with parts of the state already flooded following days... More >>
2 hours ago Wednesday, May 22 2019 May 22, 2019 Wednesday, May 22, 2019 11:50:05 AM CDT May 22, 2019 in News
JEFFERSON CITY - Many roads across mid-Missouri are closed due to recent storms and heavy rain, and with more storms... More >>
2 hours ago Wednesday, May 22 2019 May 22, 2019 Wednesday, May 22, 2019 11:37:00 AM CDT May 22, 2019 in News
KANSAS CITY, Mo. (AP) — Kansas paid out-of-state law firms at least $899,000 in an ultimately unsuccessful attempt to defund... More >>
3 hours ago Wednesday, May 22 2019 May 22, 2019 Wednesday, May 22, 2019 11:09:00 AM CDT May 22, 2019 in News
MADISON, Wis. (AP) — Wisconsin-based convenience store chain Kwik Trip has removed some vegetable trays from its stores after several... More >>
4 hours ago Wednesday, May 22 2019 May 22, 2019 Wednesday, May 22, 2019 9:36:00 AM CDT May 22, 2019 in News
DAYTONA BEACH, Fla. (AP) - NASCAR is buying International Speedway in a deal worth about $2 billion. International Speedway... More >>
4 hours ago Wednesday, May 22 2019 May 22, 2019 Wednesday, May 22, 2019 9:27:00 AM CDT May 22, 2019 in News
JEFFERSON CITY, Mo. (AP) — A judge has reversed the Missouri Department of Public Safety's revocation of the peace officer... More >>
5 hours ago Wednesday, May 22 2019 May 22, 2019 Wednesday, May 22, 2019 8:51:00 AM CDT May 22, 2019 in News
ST. LOUIS (AP) - A severe storm in the St. Louis area is forcing Lambert Airport to temporarily halt all... More >>
19 hours ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 6:51:00 PM CDT May 21, 2019 in News
FULTON - After three years and $140 million in construction, the Fulton State Hospital is ready to start celebrating. ... More >>
19 hours ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 6:33:00 PM CDT May 21, 2019 in News
COLUMBIA - People looking for work will have a chance to mingle with about a dozen employers at a hiring... More >>
20 hours ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 5:39:00 PM CDT May 21, 2019 in News
JEFFERSON CITY- The Missouri River could crest over flood stage because of ongoing storms, according to Jefferson City's Department of... More >>
21 hours ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 5:00:00 PM CDT May 21, 2019 in Weather
JEFFERSON CITY -- Several abortion rights groups gathered throughout the state, Tuesday to protest Missouri's newly-passed anti-abortion bill. The... More >>
23 hours ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 2:49:00 PM CDT May 21, 2019 in News
JEFFERSON CITY- Gov. Mike Parson declared a state of emergency Tuesday due to the heightened flood risks through a large... More >>
23 hours ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 2:49:00 PM CDT May 21, 2019 in Weather
CAPE GIRARDEAU (AP) — Sand volleyball courts at a park in Cape Girardeau are closed after knives were found buried... More >>
1 day ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 2:14:00 PM CDT May 21, 2019 in News
COLUMBIA - Boone County Emergency Management Director Tom Hurley said the department's staff is "all hands on deck" for Tuesday's... More >>
1 day ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 2:02:00 PM CDT May 21, 2019 in News
COLUMBIA - Two MU students getting their masters in atmospheric science launched weather balloons Tuesday at the South Farm Research... More >>
1 day ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 1:46:00 PM CDT May 21, 2019 in News
JEFFERSON CITY, Mo. (AP) — Missouri U.S. Sen. Josh Hawley is introducing legislation to give internet users the ability to... More >>
1 day ago Tuesday, May 21 2019 May 21, 2019 Tuesday, May 21, 2019 12:22:00 PM CDT May 21, 2019 in News
Columbia, MO
Broken Clouds 82°
3pm 83°
4pm 84°
5pm 83°
6pm 80°