No More Delays: Taxes Due
Tardy Taxpayers Can File For Four-Month Extension
Friday, April 15, 2005 updated: 3:01 pm EDT April 15, 2005
The lines at post offices across the country probably will be long Friday as last-minute tax filers hurry to beat the April 15 deadline. In cities and towns across the country, postal workers have set up special collection points until midnight Friday.
The Postal Service will collect and postmark returns until midnight. The IRS warned taxpayers that rushing to meet the deadline can cause errors, often very simple ones such as neglecting to sign your return or bungling your Social Security number. Anyone needing more time can extend the deadline by four months.The IRS said it expected 9 million extension requests. But extensions don't relieve taxpayers of the necessity to pay any taxes owed.If you've waited until the April 15 deadline to begin filling out your tax forms, you may run out of time. The National Taxpayer's Union said it estimates it takes almost 27 hours to prepare the Form 1040 and its most common supporting schedules. There are numerous ideas floating around Capitol Hill on how to streamline the process and change the tax system.Some Republicans want to eliminate the IRS and abolish tax returns and the current tax system. Congressman Mike Pence said he wants a "flatter and fairer" system that eliminates the "tyranny of anxiety" that everyone feels on April 15. The President's Advisory Panel on Federal Tax Reform plans to issue a report in a few months.On the eve of the April 15 deadline, a new survey was released showing taxpayer discontent with the current tax system.The survey was commissioned by the Tax Foundation and conducted by Harris Interactive.The survey found that 59 percent of U.S. adults believe they pay more federal income tax as a percentage of income than billionaire Donald Trump and 70 percent said they either "hated" or "disliked" doing their income taxes.Other results found that a majority of those surveyed believe that federal taxes are too high, too complex, and the value received from the federal government is poor.A majority also said they favor tax reform and were willing to give up some deductions and exemptions if it leads to a simpler tax code.
Read: PDF Of Complete Tax Survey
View: Charts Of Key Survey Results
The Postal Service will collect and postmark returns until midnight. The IRS warned taxpayers that rushing to meet the deadline can cause errors, often very simple ones such as neglecting to sign your return or bungling your Social Security number. Anyone needing more time can extend the deadline by four months.The IRS said it expected 9 million extension requests. But extensions don't relieve taxpayers of the necessity to pay any taxes owed.If you've waited until the April 15 deadline to begin filling out your tax forms, you may run out of time. The National Taxpayer's Union said it estimates it takes almost 27 hours to prepare the Form 1040 and its most common supporting schedules. There are numerous ideas floating around Capitol Hill on how to streamline the process and change the tax system.Some Republicans want to eliminate the IRS and abolish tax returns and the current tax system. Congressman Mike Pence said he wants a "flatter and fairer" system that eliminates the "tyranny of anxiety" that everyone feels on April 15. The President's Advisory Panel on Federal Tax Reform plans to issue a report in a few months.On the eve of the April 15 deadline, a new survey was released showing taxpayer discontent with the current tax system.The survey was commissioned by the Tax Foundation and conducted by Harris Interactive.The survey found that 59 percent of U.S. adults believe they pay more federal income tax as a percentage of income than billionaire Donald Trump and 70 percent said they either "hated" or "disliked" doing their income taxes.Other results found that a majority of those surveyed believe that federal taxes are too high, too complex, and the value received from the federal government is poor.A majority also said they favor tax reform and were willing to give up some deductions and exemptions if it leads to a simpler tax code.
Previous Stories:
- April 14, 2005: Taxpayers May Be Owed Money From 2001
- April 13, 2005: Millions Expected To File Tax Extensions
- April 13, 2005: House Set To Approve Permanent Repeal Of Estate Tax
- April 12, 2005: Prepare Taxes Or Visit Dentist? Poll Shows Americans Divided
- April 11, 2005: More People Paying Taxes With Credit Card
- April 7, 2005: Survey: Most Taxpayers Would Use Refund To Pay Debt
- March 10, 2005: Experts: Blowing Tax Refund Not Best Idea
- March 1, 2005: IRS Announces 2005 'Dirty Dozen' Tax Schemes
- February 24, 2005: Tax Tips: Avoid Common Mistakes
- February 18, 2005: Be Wary When Selecting Tax Preparer
Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.









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