Amending a tax return can be very complex. There are many considerations, from determining what is incorrect and what the correct information should be, to knowing what forms to attach, to making sure the state return is amended correctly and timely.
While April 15 is commonly accepted at "tax day," for many taxpayers and especially small business owners, freelancers and self-employed professionals, there are other important "tax days" to keep in mind.
If you're planning to file an extension because you might owe taxes, you should know that an extension only extends the deadline for the forms to be filed. It is not an extension to pay your any taxes you owe.
Most taxpayers assume that those who get the most money back are homeowners, business owners, and non-profit organizations. But lo and behold, renters are a strong competitor! Most of them just don't know it yet.
Whether you are filing an EZ form, fighting an IRS penalty, undergoing an audit or just beating the April 17, 2012 deadline, these tips will help you put your best leg forward on the path to financial freedom.
If you're worried you won't be able to pay your income taxes by this year's April 17 filing date, don't panic; but don't ignore the deadline and certainly don't wait for the IRS to reach out to you first.