Haven’t filed your 2017 income tax return yet? Beware of these pitfalls
The April 17 federal income tax filing deadline is nearly upon us. If you haven’t filed your individual return yet, you may be thinking about an extension. This allows you to delay filing your return until Oct. 15, 2018. But consider these pitfalls: If you expect to owe tax, to avoid potential interest and penalties you still generally must pay any tax due by April 17. If you expect a refund, you’ll be extending the amount of time your money is in the government’s pockets rather than your own. Contact us if you have questions about avoiding interest and penalties.