Filing Today so That Uncle Sam Doesn’t Knock on Your Door Later
If you have not yet file, it is not too late to get your return accurately filed, processed, and paid. Although it is too late to avoid the IRS’s potentially assessing the late filing penalty in addition to any late payment penalties which might be due. As our tax system is a voluntary system the IRS has incentives such as these to encourage taxpayers to pay file and pay their taxes as they become due.
The IRS as well as individual states are a pay as you go system requiring taxpayers to pay their taxes as they earn the monies to which they relate. Many fall prey to believing that an extension to file is an extension to pay and it is anything but that and is well spelled out in tax law that taxpayers are required to submit monies for their taxes as their salaries, profits, and taxable income are earned.
If you have filed and paid late the IRS has several programs geared toward working with taxpayers who have failed to meet required dates and guidelines. Contact us today; you will be glad you did.
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