Let’s face it. Income taxes hardly top the list of things you want to do, but putting them off doesn’t do you any good. In fact, the longer you wait to complete your taxes, the more likely you are to forget things that may save you money.
A good place to start is your return from last year and this tax organizer. Grab a folder and use these materials as a guide to gather your documentation.
The 2014 filing deadline is one month away. If you haven’t started yet, it’s time. Call us at (913) 888-9100 for an appointment. Having a deadline to meet is a great first step to get things moving. In a quick meeting we can help you start to get things in order. Let us make the process easier for you!
Filing an Extension
If you need more time to prepare your federal tax return, file an extension with the IRS. There are no conditions to qualify for an extension, and in most cases the six-month extension will be granted when the required paperwork is submitted on time.
But remember, an extension only provides you with more time to file – it does not grant you more time to pay your tax liability. You will still need to pay your taxes on time, or be prepared to pay a penalty.
We know people are sometimes nervous to file an extension thinking it increases the chances of an audit, however, that’s not the case. And filing an extension is better than turning taxes in late and facing additional penalties!
We are here to help, no matter where you’re at in the process. If needed, we’ll work with you to file your extension and prepare a timeline to ensure you meet the extended deadlines and timely tax payment.
Richard Adams is a graduate of Benedictine College in Atchison, Kansas, with dual majors in Accounting and Business Administration. He is also a graduate of Wentworth Military Academy in Lexington, Missouri.