“Help! I Haven’t Filed My Taxes Yet!”
Now that we’ve entered April, Tax Day is quickly approaching. If you haven’t filed your tax return yet, NOW is the time to get the process rolling!
First, make sure you have all the forms you need. If you don’t, start tracking them down immediately so you still have a little bit of time to file your taxes.
Second, find your preferred way to file. If you have questions on whether you should file online or find a tax professional, check out our recent post here. Keep in mind that filing online, or electronically, is a faster process.
Third, double check everything! Last minute preparation may make you rush and could cause simple errors to occur. Take the time to make sure everything is correct before you submit.
Lastly, consider filing for an extension. Be aware that an extension only allows you additional time to complete your filing; it does not extend the date your taxes are due if you owe additional taxes. It’s better to complete filing your taxes and enter into a payment plan, if you can, instead of not completing your tax return and risking a penalty fee.
For more information and tips for filing taxes, make sure to visit www.irs.gov or visit your tax professional.
Now that you have these tips – get busy and remember how stressful last-minute filing is so you can try not to procrastinate again next year!