Loading

22°F

20°F

23°F

25°F

22°F

25°F

23°F

24°F

22°F

23°F

24°F

23°F

23°F
NEWS STORIES

Last minute tax adviceSubmitted: 04/14/2014
Lauren Stephenson
5 p.m. Anchor/Reporter
lstephenson@wjfw.com


RHINELANDER - Almost 100 million people have already filed their income tax returns.

If you haven't, you have until 11:59 p.m. Tuesday.

If you feel like you're scrambling to get them done, you're not alone.

Local accountants have had many clients coming in at the last minute to sign their income tax returns.

February is actually the busiest month for accountants.

That's because it's right before corporate tax returns are due in March, and income tax returns are due shortly thereafter in April.

But the busiest day of the year was Monday.

"April 14th is the busiest. It's just a crazy day. You've got last minute people coming in trying to get their returns filed, trying to accumulate everyone who needs to file an extension, getting people in for signatures, to review returns. It's just kind of a chaotic day because we have more people in and out of that door on April 14th than probably any other day of the year," said Mandy Hein of Northland Accounting, LLC.

Northland Accounting in Rhinelander prepares as many as 1,100 individual income tax returns a year.

They also do about 200 corporate tax returns.

Accountants say the biggest way to avoid issues with your individual income tax returns is to double check them.

"The biggest mistake is generally they're done by hand and math errors are probably among the biggest, or omitted information: full name, social security number, address, signatures, making sure that everything that needs to be filled in is filled in and your figures are correct, double-checking numbers against your source documents, and your math," Hein said.

If you haven't been able to finish your tax returns, you can file for a 6-month extension until Tuesday night.

More than 11 million people filed for extensions in 2013.

The extension gives you until October 15th to file your 2013 tax returns.

But if you think you'll owe the government money, you need to pay by Tuesday night to avoid penalties.

"Even though you get an extension to file, your tax is still technically due on April 15th. So if you are anticipating a tax liability, you should make a payment along with your extension that you mail in," explained Hein.

To file your returns or an extension request, you can go to any tax preparer or go to IRS.gov.

Related Weblinks:
IRS

Text Size: + Increase | Decrease -
Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS
Bakeries in the Northwoods prepare for ThanksgivingSubmitted: 11/26/2014

ST. GERMAIN - Not many "made from scratch" bakeries exist in the Northwoods.

But, the ones that do are busy preparing treats for Thanksgiving tomorrow.

+ Read More
Small Business Saturday: why stores want you to shop localSubmitted: 11/26/2014

RHINELANDER - Following Thanksgiving Day shopping and after Black Friday, Northwoods businesses hope you'll stick around for one more shopping day- Small Business Saturday.

The day encourages shoppers to stay local and help businesses in the community.
Small Business Saturday first began in 2010.

Last year consumers spent about $5.7 billion at independent stores.

Shops like Imaginuity in Rhinelander have jumped on board to bring in customers.

+ Read More
Torgerson pleads not guilty for murder & disappearance of Stephanie Low; more information about informants Submitted: 11/26/2014

Play Video

WAUSAU - The case against a Wausau man facing murder charges will move forward. Thirty-five-year-old Kristopher Torgerson pled not guilty in court during his preliminary hearing Tuesday.

Torgerson didn't admit to the murder in September, but he led police to Stephanie Low's burial site in the woods of Forest County. She had been missing for nearly four years.

Torgerson faces charges of intentional homicide, armed robbery, and hiding a body related to Low's disappearance and death.

+ Read More
Representative Bill Kramer sentenced for sexual assaultSubmitted: 11/26/2014

MADISON - Representative Bill Kramer will spend five months in jail.

Kramer was sentenced to sexual assault charges yesterday.

The former Assembly majority leader agreed to a plea deal earlier this year.

That was for two misdemeanor counts of fourth-degree sexual assault.

A criminal complaint says Kramer groped a woman outside of a tavern in 2011.

+ Read More
Lawsuit filed claiming magazine subscription scamSubmitted: 11/26/2014

MADISON - The state Department of Justice has filed a lawsuit against two Oregon-based publishing groups alleging they ran a subscription scam targeting the elderly.

The DOJ filed the lawsuit Tuesday in Madison.

It alleges Liberty Publishers Service and Orbital Publishing Group sent invoices to nursing home residents and the elderly warning them to renew their subscriptions to periodicals such as the Milwaukee Journal Sentinel but charged far more than the actual cost.

+ Read More
Newswatch 12 reports: Teen birth rate drops in the United States, still higher than other countries; Sexual education could decrease rate even moreSubmitted: 11/25/2014

Play Video

WISCONSIN - Teen birth rates dropped significantly across the country in the past few years.

Despite the decline, the United States still has the highest teen birth rate compared to other developed countries.

There are many reasons the rate is going down, and there could be many explanations to why the U.S. is behind other countries.

Education could decrease the rate even more.

That could prevent more people from having to go through the difficulties of being a teen parent.

+ Read More
After Ferguson, focus on body cameras for officers; many departments in Northwoods already use themSubmitted: 11/25/2014

Play Video

TOMAHAWK - On Monday, a grand jury in Ferguson, Missouri refused to indict police officer Darren Wilson in the shooting death of Michael Brown.

After that decision, Brown's family urged all police departments in America to start using body cameras to document situations.

A camera recording in the Michael Brown shooting could have given us a better sense of what happened.

We wanted to know if Northwoods police departments think body cameras are a good idea.

+ Read More
+ More General News
Search: 




Click Here