Monday, April 9, 2012

The Deadline Looms


April 17th is right around the corner and marks the end of the line for taxpayers to either file their returns or file an extension.  Keep in mind that extending your return only extends your time to file, NOT your time to pay.  If you extend your tax filing and owe taxes, you should make a payment with your extension filing.  Otherwise, you will be subject to failure-to-pay penalties as well interest on the unpaid balance.  This is an important distinction for all of you out there filing an extension.  If you need assistance with getting an extension filed or determining how much tax you should pay with your extension, then please contact our office before time runs out.

In the meantime, good luck with the completion of this tax season and remember that an accurate and complete filing is just as important as a timely one!

brad@mcarthurco.com
704.544.8429

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