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Extension can buy taxpayers time

Posted by kim carpenter on April 13, 2008
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Beware penalties for not paying or filing by April 15

By Eileen Alt Powell / Associated Press

Tax filing day is just around the corner, but some Americans may not be ready to submit their returns by Tuesday. Others may not have the cash to pay the tax they owe.

Ignoring the deadline can cost workers plenty in penalties and interest. And this year, it also could delay their rebates, because the government’s stimulus program checks are being calculated off federal tax returns.

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