Friday, April 15, 2022


If you haven’t prepared or submitted your 2021 federal tax return yet and think, or know, you will owe your Uncle Sam IT IS VITALLY IMPORTANT THAT YOU GET A FORM 4868 EXTENSION REQUEST IN THE MAIL BEFORE MONDAY – EVEN IF YOU CANNOT PAY ANYTHING WITH THE EXTENSION.

The penalty for late payment of tax is .5% (1/2 of 1%) of what you owe per month.  The penalty for late filing – which is what you are doing without having submitted a Form 4868 – is 5% of what you owe per month.


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