Happy Tax Day!

For me this is a very happy day because it means another tax season is behind me

Don’t forget to file your tax return and/or your extension by the end of today!  I wanted to quickly address a question I hear very frequently, especially on Tax Day…

"What if I can’t pay the balance due on my tax return?"

The first thing you should understand is that filing an extension does NOT extend the time to pay your taxes.  This is a common misunderstanding.  Filing an extension only extends the time to file your tax return, it does not extend the time to pay.

The best thing to do if you owe taxes is to send in a payment with your extension request.  If you can’t send in the total balance due, send in as much as you can.

Continue Reading Happy Tax Day!

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