It is that time of year again. Some of us look forward to it and some of us do not. It does not matter though since all persons who are getting paid to work in the United States are expected to file their taxes.
The deadline for filing your personal taxes is April 15 or April 17th if you live in Massachusetts or Maine. Please pay attention to the deadline and file on time. Filing after the deadline can cost you. The IRS can assess a failure-to-pay penalty worth up to 25% of your unpaid tax. And if your return is more than 60 days late, the IRS assesses a minimum tax penalty of $210 or 100% of the tax you owe, whichever amount is less. So since none of us want to be penalized, don’t wait until last minute. Start working on your filing today