Lafayette

Apr 14, 2014 6:30 PM by Akeam Ashford

2013 Federal Tax Return Deadline Tips

The deadline to file your 2013 federal tax return is quickly approaching.

According to the Internal Revenue Service, there are more than $760 million in unclaimed tax refunds from 2010.

In Louisiana, H&R Block District Manager Craig Levet says there is an estimated $15,579,000 that's unclaimed from that year.

"If taxpayers are going to do their own taxes, all we ask is they do their homework," Levet said. "We suggest they make sure the website they're using is backed by some type of tax expertise, because they'll be left holding the bag with anything that comes down from the IRS later on."

The company has started a national campaign to help taxpayers claim more than $1 billion dollars in unclaimed taxes each year.

Levet said taxpayers have three years plus the current year to get back any money they are owed from both the federal government and the state.

"The thing to remember is it's unlimited if you owe the IRS money," Levet said. "The IRS can go back as far as they want and collect that money whenever. If there's something that needs to be collected they will do so."

Louisiana is considered a "piggyback state." That means taxpayers who file their federal tax return must also file their state tax return.

"Don't worry if you don't file your state return with your federal return," Levet said. "You won't incur a penalty until the May 15th deadline when state taxes are due."

Levet said you'll pay a 10-percent penalty, or you can file for a six-month extension.

Either way, Levet suggests you file something ahead of Tuesday's midnight deadline.

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