Posted on April 9, 2012 by

Haven’t Filed Your Taxes Yet? Here are Some Tips

While no substitute for the advice and assistance of a tax professional, The American Institute of Certified Public Accountants (AICPA) offers 10 Tips for Last Minute Tax Filers.

Remember, Failure to File and Failure to Pay penalties are 5% (each) of the amount of each due – if you wait five months, your total penalty could equal fully one-half of the tax due!  And that doesn’t include interest.  Even if you can’t get anything else done by April 17, the automatic extension could save you a lot!

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