Employers are required to withhold taxes and pay Social Security and Medicare taxes for all workers to whom they pay more than $1,800. The IRS is making it easier to come clean.
The IRS will still accept your return, but you may have to pay penalties for filing late and for paying taxes late.
You get an extra 2 days to do your taxes this year, but you may not have the option of the late-night run to the post office.
Lawmakers have put off major tax decisions, including whether to continue the Bush tax cuts, until after the Nov. 6 election. That doesn't leave much time to make changes.
However President Obama's proposed tax on millionaires is estimated, it's small compared with the federal budget deficit.
The IRS has created a website and a smartphone app you can use. If you file electronically, you could get your money within 10 days.
Check the form against your last pay stub of 2011 to make sure the company reported the correct amounts earned and withheld. If you find a mistake, contact your employer.
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.