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What happens if you can’t pay your taxes by the April 15 filing deadline?

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Do you simply not file your tax return?

Do you pay your estimated tax and not file?

Do you file your return and not pay?

Believe it or not the best thing you can do by April 15 is to file your federal and state tax returns… Even if you cannot afford to pay the tax due by the deadline!

Why?

The IRS assesses massive penalties on your balance due if you do not file your tax return on time.

But if you file on time and take a little bit longer to pay you are in much less trouble.

So when in doubt file your tax return pay the tax as soon as you can and consult with a tax professional to help you assess your tax filing and payment options.

#irs #taxproblems #taxtime #taxerelief