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.
TTFN
No comments:
Post a Comment