Tax day is just around the corner, are you ready?
April 17th is the tax filing due date this year, thanks to the 15th falling on a weekend. And, Emancipation Day helped, because Washington DC observes it on Monday, April 16th. Or, you can watch our video at the bottom of this blog. Tax day is not the only deadline for April 17th, read more to find out all the deadlines that are springing up.
Did you file your tax return yet?
So, your return is not finished yet? Are you still waiting for some missing information? You do not want to miss Tax Day even if it is to file an extension! Speaking of extensions, why not consider filing an extension? No matter what, make sure you file any any tax due? The extenstion gives your until October 15th, to file. (Sorry, there are no Washington DC holiday’s to delay that date). However, please note there is NO extension for paying on any tax due, so any money you owe and have not paid by the April due date will be subject to penalties and interest.
Are you considering an IRA Contribution?
While we are at it, are you considering an IRA contribution for last year? That contribution must be done by April 17th as well.
April 17th is also the ast day you can file a 2014 return for a refund; after that date you forfeit any potential refund.
For those self-employed or have income without withholding, (Sorry we are closed sign), April 17th is also the due date for the first 2018 estimated tax payment.
Other Taxable Financial Interests
Do you have a financial interest or signature authority over a foreign financial account? You will need to file the FinCEN Form 114 with the Treasury Department by April 17th as well.
If this office can be of assistance in any of these ares, please call Alex
Watch This Video
Alex Franch, BS EA
Alex is a Tax Specialist and Partner at Joseph Cahill & Associates / WorthTax. He has a diverse background including a Bachelor of Science from Boston College in Mathematics and extensive military service. Alex is an Enrolled Agent and has a decade of tax preparation experience. He is passionate about serving businesses with tax and financial planning strategies.
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