Can't File on Time? Not Sure It's Right? Don't Settle for Less -- H&R Block
Offers Free Tax Extension Filing
KANSAS CITY, MO -- (Marketwired) -- 04/08/13 -- For those who abhor
deadlines, but also like something free, H&R Block is coming to their
aid. Now through the April 15 tax filing deadline, all participating
H&R Block (NYSE: HRB) locations and At Home online are offering free
tax extension filing.
But, don't think an extension to file also means an extension to pay.
Almost half of Americans weren't aware they still had to pay taxes
owed even if they filed a tax return extension, according to a survey
conducted by The Tax Institute at H&R Block.
H&R Block also is providing additional information online for
late-season filers. Its Extension Resource Center is a one-stop
resource for information about filing an extension, including how to
pay any balance due conveniently and securely using a credit or debit
"Rushing to file a tax return by the deadline can mean missing out on
claiming valuable tax breaks that can cost taxpayers more in taxes
than they actually owe," said Kathy Pickering, executive director of
The Tax Institute at H&R Block. "Taxpayers may want to seek
assistance to file an accurate tax return to claim all the tax
credits and deductions they are due or with filing a free extension."
On average, more than 10 million taxpayers applied for a tax filing
extension each of the past few years. This gave them time to file
accurate returns and avoid the 5-percent monthly failure-to-file
This extension gives taxpayers an extra six months to file a tax
return, making the new filing deadline Oct. 15. H&R Block can help
taxpayers understand their payment options if there is a balance due.
Taxpayers residing outside the country (including members of the
military) routinely receive an additional two months to file, making
their deadline June 15 this year.
IRS offering additional payment assistance
This year, the IRS is
allowing late-payment penalty relief to some who request an extension
to file. To get this relief, the taxpayer also must be filing one of
the delayed IRS forms resulting from tax legislation passed in
January. Additionally, taxpayers must pay their "good faith" estimate
of their tax bill by April 15. Th
e IRS will waive any late-payment
penalties applied to the taxpayer's balance due if these guidelines
are followed. Interest still applies to the unpaid balance.
For more information about applying for a free tax extension at an
H&R Block office, visit www.hrblock.com or call 800-HRBLOCK.
H&R Block's tax professionals prepare and sign their clients' tax
returns, guaranteeing accuracy and the maximum refund. In-office
preparation services include Second Look(R) reviews and Block
Live(SM), the industry's only video tax preparation solution. H&R
Block At Home(TM) gives do-it-yourself filers the expertise and
guidance of The Tax Institute at H&R Block on their computers, iPads
and smartphones. The new My H&R Block Account lets taxpayers upload
receipts and other important tax season documents securely, to one
place, year-round, for free. The company offers affordable financial
products and services through H&R Block Bank and keeps its offices
open and tax conversation going with clients year-round via blogs,
tweets and Facebook.
Regardless of who prepares tax returns, taxpayers are legally
responsible for the contents. To find the nearest H&R Block office,
visit www.hrblock.com or call 800-HRBLOCK.
About H&R Block
H&R Block, Inc. (NYSE: HRB) is the world's largest
tax services provider. More than 600 million tax returns have been
prepared worldwide by and through H&R Block since 1955. In fiscal
2012, H&R Block had annual revenues of $2.9 billion with 25.6 million
tax returns prepared worldwide. Tax return preparation services are
provided in company-owned and franchise retail tax offices by
approximately 90,000 professional tax preparers, and through H&R
Block At Home(TM) digital products. H&R Block Bank provides
affordable banking products and services. For more information, visit
the H&R Block Online Press Center.
About The Tax Institute at H&R Block
The Tax Institute at H&R Block
is the go-to source for objective insights on federal and state tax
laws affecting the individual. It provides nonpartisan information
and analysis on the real world implications of tax policies and
proposals to policymakers, journalists, experts and tax preparers.
The Institute's experts include CPAs, Enrolled Agents, tax attorneys
and former IRS agents. Building off more than 10 years of research
and analysis from a specialized tax research group at H&R Block, the
company launched The Tax Institute in 2007.
For Further Information
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