What To Do If You Missed The Tax Deadline

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

If you have successfully filed your taxes, then the fact that April 15 has passed is likely not a concern. However, if you failed to meet the tax deadline, then the fact that April 15 has come and gone is likely something you are going to struggle with until a solution is found. Which of these two scenarios best describes your current situation?

If you fall into scenario B and have not filed your taxes yet, the good news is that you don't have to panic...yet. See below for what you should be doing to avoid the consequences of being late on your return:

File As Soon As Possible: Now that the deadline has passed, you must make it a priority to file as soon as possible. Especially if you owe on this year's return, the sooner you file, the less you will accrue in interest and penalty charges. If you're not sure where to start or how to go about filing, the team of advisors at American Investment Planners LLC can point you in the right direction.

Ask For An Extension: Although you will still be required to pay back any taxes that you owe when submitting an extension request, it does give you extra time to meet with your tax professional and fill out all of the paper work you have yet to complete. For more information about filing tax extensions, check out one of our previous blogs here.

Apply For A Payment Plan: If you completed the paper work but failed to send in a check, you may be able to set up a payment plan with the IRS. Should this be the best solution for you, connect with us to learn if you qualify and to ensure that you fill out the request correctly.

Now that you know how to proceed if you haven't met this year's tax deadline, we encourage you to get started as soon as possible! For more information about how we can help, please give us a call at (516) 932-5130 or toll free at (866) 932-5130 today!

American Investment Planners LLC offers tax planning, estate planning, retirement planning and more to generations of families throughout the United States. More information about the services offered is available at www.americaninvestmentplanners.com.