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Posted on Apr 15, 2009 in IRS MISC | 0 comments

It’s Tax Day!

Just a friendly reminder that today is Tax Day in the the U.S.  Today is the deadline to file your individual income tax return or your extension.  Just remember that if you file an extension that that is only an extension of time to file your tax return but not an extension of time to pay your tax liability.  So if you are going to owe you need to get that check postmarked and mailed today.

Also, remember that if you owe and cannot afford to pay the tax, you should go ahead and file your income tax return to save on the failure to file penalty that can be up to 25% of the tax you owe.  Simply by filing the tax return you save this penalty and increase the amount of money that you keep in your pocket.