Issue 39.11
Did you miss the April 15th deadline again?!? Are you a procrastinator who gets an adrenaline rush from filing your taxes at 11:59pm on the tax deadline date? Maybe you thought your taxes were too complicated or that you may owe money? No matter what the reason, this is it! You have one last chance to file your 2010 tax return by the extended deadline on October 17th and it doesn’t have to be difficult!
It amazes me by the number of people who wait to file their taxes for these and other reasons when they may have a tax refund waiting. Even if they don’t, they rather risk increasing their tax liability by waiting to file their taxes.
Additional Penalties, Late Fees, and Interest Charges may be incurred by Missing the Deadline – After October 17th you’ll continue to incur additional penalties, late fees, and interest charges if you owe money. Remember, your extension was an extension of time to file and not an extension to pay.
E-filing Makes Filing Your Taxes Less Painful – So what are you waiting for? E-filing is easy and more accurate. You will get your refund quicker. The IRS sends an acknowledgment that your e-filed return was received. Also, keep in mind, the IRS shuts off the ability to e-file your return after October 17th.
You May Miss Tax Deductions and Credits – Taxpayers often miss tax deductions and credits that they are entitled to because they don’t file their taxes or they are unaware of the tax deductions and credits available to them.
You May Have a Refund Waiting – So you earned under $5,000 in 2010 and think it’s too little income to file taxes? Well, you may have a refund waiting for you.
If You Owe, the IRS Has Different Ways You Can Pay and Make Arrangements – If you are unable to pay after all is said and done, the IRS has a variety of other options for you. The IRS is sensitive to what is occurring in people’s lives right now, they just want you to file your return and make some type of arrangement with them.
You’ve Had Six Months To Get Everything Together! – You should have all of your documents in order by now. That is half the battle. If you don’t, you only have a little time left. Once your documents are in order everything should be easy with the help of The Tax Guys LLC, “Where you are not just a number”. Call 435-705-5101.