Don't Forget to File Your Return By Monday

Did you file an IRS Form 4686 in April to get an extension to file your tax return?

We are sure that many who filed for an extension thought they’d have everything together long before six months. Now the due date is HERE!

It is income tax season for some people, especially small business owners, who got an extension to file their returns. We at PRO-TAX fully understand that your main task is to live your lives and/or run your business – and that also may be the reason why you have not yet filed your return after the extension.

Our PRO-TAX professionals are here to help you unravel the possibly confused state of your books and help you file on time. Maybe the tax forms keep getting set aside because of other pressing matters. Is there ever enough time to do it all?

Don't make the error of thinking that you can just not file. That would be a mistake. The Internal Revenue Service will assign a late filing penalty, in addition to penalties and interest on the tax you owe. The IRS says, "Failure to file a return or filing late can be costly. If taxes are owed, a delay in filing may result in penalty and interest charges that could increase your tax bill by 25 percent or more."

If it turns out that you may not have the money to pay the IRS now you should go ahead and file the return by October 17 to avoid the non-filing penalty. The IRS recognizes that not everyone can pay right away. It usually is willing to set up installment payment plans.

Our PRO-TAX professionals can help you apply for a payment plan and help you fill out an Installment Agreement Request. You can call us at 1-800-809-2829, or click here for a guide to our locations. As always, PRO-TAX is here to help!

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