Today marks the extension deadline for 2014 partnership and calendar-year corporate returns. Before it’s too late, now is a good time to remember October 15, which is the extension deadline for personal returns. If you timely filed an extension for your 2014 personal tax filing, make sure you file your return on or before October 15.
Around the April 15 deadline, the following press release was issued regarding the extent to which penalties may be assessed for federal income tax that’s not paid by April 15: Tax Attorney Advice on Avoiding Interest and Penalties for Outstanding Tax Liabilities. It may be worthwhile to review your particular tax situation so that you can avoid paying unnecessary penalties and interest in the future!