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Taxpayers have until midnight to file tax returns for 2011

Taxpayers have until midnight to file tax returns for 2011

By Joyce Lupiani. CREATED Apr 17, 2012

Las Vegas, NV (KTNV) -- Today is Tax Day. And although Tax Day is typically a very busy day at the post office, more and more people are filing their taxes online.

The Internal Revenue Service has already received 99 million tax returns for 2011 and 87 percent of those were filed online.

According to the IRS, wait times on the IRS help line are 30 minutes to an hour for those who are seeking last minute advice.

Experts from MoneyRates.com say that about 11 percent of taxpayers wait until the very last minute each year to file.

Experts advise using a website that will help you file your taxes. Not only will it save a trip to the post office, but the websites often catch common mistakes.

Last year, the IRS discovered a whopping 4.2 million math errors on taxpayer's returns.

Once the clock strikes midnight tonight, people who owe money will start accruing penalties.

Penalties can go up to as high as 25 percent of the total tax bill.

And according to the IRS, about seven percent of people won't file their taxes for various reasons. Some of those people could be leaving behind a big chunk of change. The IRS is currently holding more than one billion dollars in unclaimed refunds.

Several post offices in Las Vegas have pushed back collection times to accommodate those taxpayers who wait until the last minute. A list can be found here.

Also, several restaurants around town are offering various freebies or discounts to ease pain of tax day. That list can be found here.

Joyce Lupiani

Joyce Lupiani

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Joyce Lupiani is the managing editor for PositivelyLV.com and contributes to KTNV.com and NowTrending.com.