Once again it is April... where does the year go? For those of you who haven't even started compiling your paper work, don't stress too much. If you typically receive a refund, just file an extension and file when you are better prepared. If you typically owe, file an extension and send the IRS a check for the amount you owed last year. This should prevent you from being charged underpayment penalties. However, if you owe more than that, you may still be charged interest on the balance until it is paid.
Extensions give you an additional 6 months to file. This year you can still e-file up until October 15. I you file after that day, you may be charged a late filing penalty and you will have to snail mail your return to the IRS. No one wants to pay more than they have to AND pay for postage! Just get 'er done!
Since I am also a procrastinator, I can completely empathize with every person who just can't seem to find the time to file or the will to dig up all that paperwork. But once you start, you will find that it probably isn't as daunting as you first believed. If you need help, consider hiring a bookkeeper for 2012. So many options are available to us with all this new technology. Don't let procrastination stop you... this is easier than you think.
Have a wonderful last 12 days of tax season. Maybe I'll get around to another post...
Extensions give you an additional 6 months to file. This year you can still e-file up until October 15. I you file after that day, you may be charged a late filing penalty and you will have to snail mail your return to the IRS. No one wants to pay more than they have to AND pay for postage! Just get 'er done!
Since I am also a procrastinator, I can completely empathize with every person who just can't seem to find the time to file or the will to dig up all that paperwork. But once you start, you will find that it probably isn't as daunting as you first believed. If you need help, consider hiring a bookkeeper for 2012. So many options are available to us with all this new technology. Don't let procrastination stop you... this is easier than you think.
Have a wonderful last 12 days of tax season. Maybe I'll get around to another post...
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