Tax deadline passes, midnight locations packed

April 15, 2009 11:50:34 PM PDT
Every year on the tax deadline there are those who take advantage of those midnight drop off locations.

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Say Tax preparers say this year was like none other due to the economy. Additional complicated forms are needed. President Obama acknowledged and vowed Wednesday to change the process.

"We're renewing our commitment to a simpler tax code that rewards work and the pursuit of the American dream," said President Obama.

On April 15th taxpayers rushed to get free advice at the last minute.

"We have a lot of clients, unemployed, laid off, go half time, foreclosures, a lot of those things too, people lost their house, don't know what to do," said Benjamin Lee, from the CPA.

Most foreclosed homeowners need to file a 982 form to report the loss.

Lots of taxpayers showed a loss and a drop in income in 2008, according to the Internal Revenue Service. As a result, 10 million Americans filed for extensions and 1.6 million of them are Californians.

An extension means some sort of payment was due by April 15th, but the paperwork doesn't have to be filed for six months.

Still, even then the IRS says it's willing to give people a break.

"If they cannot pay, they need to call us to let us know so that we can suspend their account to avoid collection activities," said Jeovanna Soto from the IRS.

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