It’s time…

As some of you know, and others of you fear, October 15th is just a few weeks away.  In our office, the significance of October 15th is that it is the date that individuals who filed extensions must complete their tax returns.  There are many reasons to file on time, but I’m going to touch briefly on three of them today, since I need some time to complete my own return (kidding, I’m just kidding). The Late Filing Penalty The Internal Revenue Code is full of rules that penalize taxpayers for non-compliance.  If you don’t file by October 15th, the IRS will assess a late filing...

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