April 15th has come and gone. Did you miss this tax deadline? You may now be faced with interest and penalties for tax due.
The failure-to-file penalty is 5 percent per month, or part of a month, of the balance due, up to a maximum of 25 percent. If the tax return is more than 60 days late, the minimum penalty is $135 or the balance due, whichever is less.
If you owe taxes on your return, it will save you money to file as soon as possible.
Please contact our office to assist you in filing your tax return.