The Cost of Being Late and/or File Your Taxes Now

Are you sitting around googling "taxes" and "late filing?" Are you looking for anything to do but deal with that pile of paper sitting in front of you? You are not alone, the IRS recently announced they estimate about 5 million people will file their taxes today. You are out of time, you need to file your return - by end of day Monday, April 18, 2016, but there is plenty of help available to you.

If you overwhelmed, under pressure, and don't know where to begin then save yourself the stress, time, and anxiety and hire a tax pro. Of course, doing it yourself is fine as well and millions of taxpayers do so each year; however at this late time it may simply be a good idea to reach out for some help to make sure you get every deduction and credit you deserve.

I know what you might be thinking - your taxes aren't that complicated; and you are going to get to them; AND you can find all the credits and deductions you deserve. And, you might even think it is a waste of your money to hire someone to do them, but missing even one benefit could cost you even more than the cost of the tax preparation. AND maybe spending your money on a tax pro will motivate you to get that paperwork organized.

Tax pros are open all day Monday - most even have extra people and hours scheduled - they can help you file your return if it is ready or file an extension for you. That extra time to get your ... papers ... together could come in very handy right now.

You still reading? Procrastination has a small reward, you avoid a negative or unpleasant task; however, there will come a time when you have to pay the proverbial piper. When it comes to your taxes, the payment: there is a penalty for failing to file. You may even pay a larger penalty than the amount you owe when you do file.

For goodness sake, stop reading this and make a plan. It's simple, are you ready to file or not? If you are ready - file it or get to a tax pro. If you aren't, file an extension or get to tax pro. If you owe, pay as much as you can - there is no "or" here - pay as much as you can! If you are getting a refund, think of how nice it will be to get your money back.