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Tax Day 2012

Wednesday, April 18, 2012

Southwest Residents Swarm Post Office

Yesterday was the last day to file your tax return.

In the last half hour before the post office just west of France Avenue on 49 1/2 Street closed for the day, a couple dozen residents of Southwest Minneapolis and Edina filed into the building, clogging the lobby and clutching envelopes on which they had carefully printed the words “Internal Revenue Service” in blue or black ink. None had apparently signed up for an extension. “I know what this is about,” said Richard Allison, entering the building to mail a letter. “All these people dropping off their stuff late; I mailed my stuff over a month ago.”  They weren’t quite late, but almost, with federal and state tax returns due to be postmarked by the close of business Tuesday. The Edina post office closed at 5 p.m. while the one at 54th and…

Tuesday, April 17, 2012

Last Chance To Pay Your Taxes...Or Is It?

The IRS is offering extensions, provided you pay your estimated taxes up front.

Were you—like a certain editor—one of the suckers who thought they had to spend a nice chunk of Saturday doing their taxes in anticipation of Sunday, April 15? Too bad for us—I mean, you. Turns out Tax Day is on a Tuesday this year, specifically this Tuesday, April 17. While the IRS says they get around one quarter of all tax returns in the last few weeks leading up to tax day, there may still be one or two among you who didn't have time, procrastinated too much, or just forgot. For you lucky few, the Internal Revenue Service offers free extensions.  The magic number? 4868. Form 4868, to be precise. Here's the skinny, from an IRS email announcement: To get the extra time to file, taxpayers must estimate their tax liability on Form 4868 and…

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