Tax and Money Tip this Week:
Don’t Miss the October 15th Deadline
September 28, 2016 | No. 304
If you need to file a Form 1040 (individual return), the deadline to file is October 15, 2016. This assumes you had filed for an extension prior to April 15, 2016. You also have until October 15, 2016 to fund a SEP-IRA for tax year 2015.
As a reminder, putting your tax returns on extension can be a good thing – but penalties to miss the extension deadline can be steep, up to 25% penalty of taxes owed, so make sure that you make the October 15th deadline.
Give us a call if you need help meeting your deadline.
Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.
Mark Vitek, CPA/PFS, CFP®
…until next week.