ALBUQUERQUE (KRQE) – Tuesday is the final day to file taxes — or file for an extension.
According to the IRS, 88 percent of all New Mexicans have e-filed their taxes. Others will visit the post office.
There’s good news for late filers. Penalties for filing late federal tax returns apply only to people who owe money. The penalty is a percentage of what they owe.
For those who rushed to send in their taxes, there could be some common errors. Officials say they will simply ask the filer to clarify some things.
“The Internal Revenue Service may stop processing and ask you for clarification like you left off a signature. Or we may process the return and then send you a letter after the fact saying we saw this on the return and it’s not clear, please tell us about it,” said Bill Brunson, IRS Spokesperson.
For those filing Tuesday, post offices like the one on Broadway and Mountain in northeast Albuquerque have later drop-off times. According to the USPS customer service line, people can drop off returns until 9 p.m. and get the April 15 postmark.
The best thing to do is check with individual post offices to see how late they are open.
Those filing late should file form 4868 which gives an automatic six-month extension.
The extension does not give extra time to pay taxes. Everyone still must estimate and pay what they owe by Tuesday.