Rod's Blog

Did you miss the April tax filing deadline? If you haven’t filed your 2017 federal tax return and you will likely owe for last year, it’s important that you file your individual tax return and pay the taxes you owe by June 14^th, or you will likely face a higher late-filing penalty.

With the deadline quickly approaching, time for filing your 2017 federal tax return is running out. If you don’t think you will finish your return in time and need some extra time, you should file for an extension. To file an extension, all you need to do is fill out Form 4868 and send it to the IRS. This will inform the IRS that your return will be sent in by October 15, 2018. It is very important to know that even if you file for an extension for your tax return, you still have to pay your taxes on the 17^th of April. Filing an extension does not give you more time to pay, it only gives you more time to file. If you expect to pay, send the IRS a close estimate of what you will owe. If you do not pay by April 17^th, you will likely incur penalties and interest on what you already owe.