The Tax Deadline Looms

Tax

The W-2s, 1099s, and K-1s flooding into our mailboxes mean only one thing – the tax deadline is fast approaching. With less than a month left before the mid-April deadline, make sure to schedule an appointment with your accountant soon to get all those forms off your kitchen counter!From the freshly-passed federal tax bill to state-level changes in Illinois, taking advantage of these law changes, let alone filing taxes on your own, may seem daunting. Did you start a new business venture, make a big sale, or receive significantly more income in 2017? Even with what time is left, meeting with your accountant can help determine if the option of even filing a six-month extension would be appropriate.For some, tax season is not only a reminder to file this year’s taxes but also taxes from previous years as well. Unfortunately, the IRS does not put the past in the past. From failure-to-file and failure-to-pay penalties to accrued interest, it is always worthwhile to get caught up on your taxes.Give us a call to schedule an appointment today!

Owen Sizemore

Assisting business owners with maximizing and safeguarding value while guiding them through complex financial transactions, including mergers, acquisitions, and litigation. Marine veteran.

https://www.linkedin.com/in/pmtas/
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Ten Red Flags That Could Result in an Audit