As The Tax Man Cometh, Tips For Getting Ready

CBS Miami

(CBS MoneyWatch) — The IRS expects that 75 percent of all 2012 returns will be entitled to a refund, so if you haven’t started preparing your taxes yet, do it: There’s no reason to wait for April 15 to roll around to get that money back from Uncle Sam. And remember: If you do not file your return by the due date, you may have to pay penalties and interest. Even if you can’t meet the deadline, you can file for an extension, which will give you until October 15 to file your 2012 tax returns.

Here are some updates before you start to prepare:

— New for tax year 2012, the IRS is providing taxpayers whose incomes are $57,000 or less with “Free File”, available through, where a number of tax software companies make their products available for free. Additionally, some states are offering similar options. Electronic e-filing…

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