The Internal Revenue Service (IRS) this week reminded taxpayers who filed for an extension in April, the Oct. 15 deadline is now approaching and is urging them to double check their returns for "often-overlooked tax breaks and then file their returns electronically using IRS e-file or the Free File System."

This extension applies to several types of filers, especially personal filers, which include sole proprietors of small businesses such as florist shop owners, who report their business tax liability on their personal returns.

Before filing, the IRS urges taxpayers to take a moment to check out these tax breaks:

• Telephone Excise Tax Refund
• Earned Income Tax Credit
• Savers credit
• Extender tax breaks

--Kori Kamradt
kkamradt@safnow.org

Previous Article    Next Article