Tax Tips - Don’t Wait Until the Last Minute to File

April is only days away and the clock is ticking to file your taxes. Here are some tips to help you avoid procrastination and make the most of the time you have left:

  • Haste makes waste. If you wait until the last minute to prepare your taxes, you’re much more likely to make errors or miss out on money-saving deductions.
     
  • Pay on time. Even if you can’t file your taxes by the regular deadline, you should estimate your taxes and pay them to avoid penalties and interest.
     
  • File an extension. To get an automatic six-month extension (until October 17, for most taxpayers), file Form 4868, “Application for Automatic Extension of Time To File U.S. Individual Income Tax Return” by mail or e-file.
     
  • Contact a tax professional for help. If your taxes are complex or you have questions about your situation, contact a tax professional.

For more information on filing your taxes or speeding up your refund, speak with a qualified tax professional. If you would like a recommendation for a qualified tax professional, don't hesitate to contact our office.

 

Footnotes, Disclosures & Sources

Tip courtesy of IRS.gov

http://www.irs.gov/uac/Newsroom/Last-Minute-Filing-Tips