Tax filing deadline leads to long day for local accountantsSubmitted: 04/15/2015
Story By Kalia Baker

Tax filing deadline leads to long day for local accountants
RHINELANDER - April 15 marks the last day to file your 2014 income taxes. If you still need to file, it's crunch time.

For accountants, the midnight deadline often means a busy day.

Putting the finishing touches on tax day can be summed up in one word:

"Long. You know, it just is," said Mike Hauseer, President of Northland CPAs in Rhinelander. "A lot of client appointments, and then a lot of drop-offs, people mailing stuff in. So it is...in my chair it's not only client meetings, but it's also of course with the staff and directing traffic here."

The Affordable Care Act now impacts tax filings and credits, and local accountants say they've spent more than half of their tax preparation time helping people understand how the new law could affect refunds.

"You either had insurance or you didn't and if you didn't, you got nailed with a penalty. But then you had the credit," Hauser said. "So those who did buy on the marketplace, generally speaking, some of them took an advance premium credit, which basically is, you buy it on sale."

If you think you'll miss Wednesday's deadline, accountants recommend requesting a six-month extension, which would give you until midnight on October 15, 2015 to file without a penalty.

Last year, the average refund totaled about $2,700.

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