Last minute tax filing tips

By Roslyn Giles

COLUMBUS, GA (WTVM)-  If you're among the last minute taxpayers rushing to meet Uncle Sam's tax deadline, you're not alone.  The IRS expects 20 to 25 percent of the 4. 1 million returns in Georgia to be filed during the last week.

Georgians are E-filing in record numbers this year up 8.7 percent from last year.  The IRS also estimates that over 275,000 Georgians will request an extension this year.

Taxpayers who need more time to file can use tax Form 4868 to request an automatic extension through IRS Free File.  The extension gives you an additional 6 months, until October 17, to file the tax return.

An extension to file is not an extension to pay.  "You need to estimate how much you owe and make a payment. If you can't pay the total balance, request an installment plan," said Mark Green, IRS Spokesman.  Several payment options are available, including electronic funds withdrawal, credit card and check.

The IRS also says it has $35 million in unclaimed refunds for Georgians who have not filed a 2007 tax return.  In order to collect the money, a return must be filed by midnight.

Remember to double-check all names and social security numbers for yourself, spouse and dependents.  Incorrect or missing SSN's may jeopardize allowances of dependents and could delay any refund.