You Are Late!

So you have given up and still didn't do your taxes this year. Now what do you do? If you haven't filed your taxes today don't panic. You can file an extension and that will give you an automatic six months to file. Just file the proper form for an extension. That form is 4868 Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. Just remember that an extension to file is NOT an extension to pay. If you owe taxes make an estimated payment so that you will not get penalties. If you are not sure, it is better for you to overpay than to underpay. 

If your life hasn't changed all that much from last year just look at last year's return and see what you paid then look at your paycheck and see how much you have paid in withholding and do a quick estimate. H & R Block has an estimator. The I R S has a estimator and then before October 15th file your taxes. There are many options on how to pay your taxes. You can have a payment plan, pay on line, pay by phone, pay by check or pay on a credit card. It is time to look at your W-$ Employee's Withholding Allowance Certificate and update it so that you can be impacted for the rest of the year. Have fun getting this aspect of your life done with for yet another year.