October 15 US Tax Deadline is Near Do Not Miss It

Just 10 days remain before the October 15 tax filing deadline, so if you haven’t filed yet, it’s definitely time to do so now! If you aren’t sure why you should not let this deadline pass, here are a couple of very good reasons.

Why you shouldn’t miss October 15

Penalties and interest charges are assessed against taxpayers who file late or not at all. Your extension was granted as extra time to file your tax return, but not extra time to pay the balance due. There are two penalties:  Failure to File and Failure to Pay.
If you filed an extension for your 2014 taxes, October 15th is the deadline to avoid a very stiff penalty. The Failure to Filepenalty runs 5.0% per month plus interest on any balance due.
Failure to Pay penalty is the other one. Just remember you have to be paid-in-full by October 15.
While there is no penalty for Failure to File if you are due a refund, you cannot obtain a refund without filing a tax return. If you wait too long, you run the risk of losing it. In cases where a return is not filed, you generally have up to three years to claim a refund.

Filing Is Easy

Capital Tax has the experience, knowledge and expertise to guide you through the complexities in US income taxes. Use our Contact/Quote Request form right away to get started.
Don’t miss this deadline; the headache and extra financial costs aren’t worth it. Get your tax return filed so you can move on with your life.
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