April 15, 2017 11:20 PM
More than 250 people are set to receive tax assistance from the Twin Cities nonprofit Prepare + Prosper.
Organizers said that since January, more than 500 volunteers have helped thousands of taxpayers file their taxes for free and returned $11.6 million in federal refunds.
"Tax time is one of the most important financial moments in the lives of low- and moderate-income households because taxpayers can use their tax refund to build their emergency savings, pay down debt, and make important purchases," P + P executive director Tracy Fischman said.
Prepare + Prosper staff said they want to help taxpayers file before the deadline and instruct them what to do if they miss the deadline.
"If you plan on getting a refund, there's no need to panic. You won't have to pay a penalty if you don't file before the deadline," Fischman said. "On the other hand, if you think you will owe money and need more time to file, you can request a six month extension from the IRS."
To file an extension, taxpayers should complete form 4868 and mail it to the IRS along with a payment before the filing deadline, according to the Minnesota Department of Revenue.
"The extension only gives taxpayers more time to file their taxes," said Fischman. "People have a tendency to assume that an extension to file also means an extension to pay, but that isn't correct."
Prepare + Prosper staffers said they will offer tax clinics from June 6 until October 24 at their main office in St. Paul. Volunteers will assist taxpayers filing their federal, state and property tax refunds. Staffers said Spanish interpreters are available during the tax clinics.
If you would like to schedule an appointment, contact Prepare + Prosper at 651-287-0187 or www.prepareandprosper.org.
Updated: April 15, 2017 11:20 PM
Created: April 15, 2017 06:57 AM
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