I missed the deadline to file my tax return. Now what? The deadline for individual taxpayers to file their 2017 Forms 1040, U.S. Individual Income Tax Return, was April 18, 2018. Generally, the filing deadline for Forms 1040 is April 15 of the following tax year. However, as was the case for the 2017 filing [...]
A common misperception for taxpayers is that by refraining from filing, they will buy themselves time to pay their taxes with the IRS. While this may have some truth to it, taxpayers that fail to file in a timely manner are exposing themselves to significant penalties. That exposure may not be worth the temporary reprieve [...]