Options for last minute tax filers

Options for last minute tax filers

Posted: Updated: April 14, 2013 12:00 AM

KNOXVILLE (WATE) - The April 15 deadline for "tax day" is looming, but if you still haven't filed yet, there are some last minute options.

Volunteers from the Community Action Center's Volunteer Income Tax Assistance program will be on hand Monday in the Knoxville area to give free tax help.

The program is open to those making $50,000 or less a year.

All you have to do is bring the proper documents.

Volunteers will be on hand at the LT Ross building on Western Avenue in Knoxville from 10 a.m. to 7 p.m. on Monday

IRS officials say it's not worth missing the deadline.

IRS spokesperson Dan Boone said, "There are two penalties you should be aware of. One is the late filing penalty. That's actually the biggest one. But if you file an extension by midnight on April 15, you'll avoid that penalty. The other penalty is the late payment penalty. That's a half percent per month up to 60 months that you don't pay, and of course there's interest tacked onto that for anything you don't pay by the 15th."

For more information just head to the CAC website. You can also e-file for free at home by visiting the IRS website.

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