The Tax Man Cometh…..

Tax day is here.  Returns must be postmarked by midnight to be considered on time. Don’t panic however if you can’t meet the midnight deadline, you have options.

Millions of Americans miss the April 15 deadline for filing federal taxes.  If you can’t file your return you still need to file an extension today.  It’s important to remember though an extension is only an extension to file not an extension to pay. You can use a tax filing service or CPA to file the extension for you or simply download the form from the IRS at IRS.gov. Not paying on time can rack up costly penalties and interest, some as high as 25 percent.

Taxes are inevitable but as Daniel Defoe so eloquently said in The Political History of the Devil…”things as certain as death and taxes can be more firmly believed.

By Anne Capps
Executive Vice President – American Receivable