The dreaded tax filing day for individuals has passed on Monday, April 18th (extended due to DC Holiday). If you were afraid to file and did not because you knew you were going to owe you should have filed as there are larger penalties for not filing!
The Internal Revenue Service and each state with tax-filing requirements give a 6-month extension to file an individual tax return. Filing an extension does not mean you have an extension to pay. This year, the filing deadline has been pushed back to April 18th because of the observation of Emancipation Day.
Have you been wondering what an Enrolled Agent is and how they can help you with your individual tax needs? Read more about how an Enrolled Agent can assist!