ROANOKE TIMES

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, April 15, 1994                   TAG: 9404150082
SECTION: NATL/INTL                    PAGE: A8   EDITION: METRO 
SOURCE: Associated Press
DATELINE: WASHINGTON                                 LENGTH: Short


IRS TIP: STAY CALM (YEAH, RIGHT)

Midnight today is the deadline for federal income tax returns, and the Internal Revenue Service advised those sweating out the last few hours to stay calm.

If you can't finish your return, file for an automatic extension. If you don't have the money to pay what you owe, put it off.

As of a week before the deadline, the IRS had received 68 million returns. It expected another 35 million this week plus 5 million extension requests.

Many post offices are keeping late hours today to accommodate procrastinators, and some IRS offices are staying open for taxpayers who need forms or have questions.

By calling the IRS' Tele-Tax number, (800) 829-4477, taxpayers can listen to recorded information on 140 topics. You can check on the status of a refund with the same number, but you need the first Social Security number listed on your return and the exact dollar amount of the refund.

In its public pronouncements, the IRS emphasizes the importance of timely filing, but private tax experts stress the ease of getting an automatic extension. Taxpayers can get a four-month breather - until Aug. 15 - by filing Form 4868.

But the penalty is 5 percent a month of the amount owed.



 by CNB