The federal tax filing deadline is now two weeks away. Iowa State University accounting professor Bill Dilla says it’s too late to do much to impact your tax situation. Dilla says the one exception is that can still make an I-R-A contribution right up to April 15th and still have it count for the 2007 tax year.
If you’ve taken a look at the tax forms and find you can’t do the return yourself, Dilla says it’s not too late to hire a pro. He says the tax professionals go through this every year and have staff ready to work overtime, so you should still be able to get a professional. Dilla says there are free tax preparation services and help available, and there’s also the internet. But, Dilla warns you shouldn’t wait until the last minute to try and file on-line.
"You know you don’t want to be sitting there the night of April 15th with everybody else trying to file your taxes, because you know, with the load on the system, you might have some problems," he explains. Dilla says try to use the on-line filing a couple of days before the deadline to avoid the rush. Dilla says it’s especially important to get your tax return filed on time this year, so your economic stimulus rebate will be sent to you on time.