Everyone knows there tax returns are due April 15th. But did you know there are other tax deadlines this month?
Eva Rosenberg at MarketWatch brings up a great point—everyone thinks that April is tax month because returns are due on the fifteenth. While that’s true, it’s only one of the several tax return deadlines that affect small-business owners over the course of the month. By focusing exclusively one date, you run the risk of missing other important deadlines. If April wasn’t busy enough for you, it’s about to heat up. Here are the key tax deadlines you won’t want to miss:
APRIL 15, 2013
- Personal income tax returns. They must be filed before midnight. Failure to file can lead to expensive fines, penalties, interest and more (just ask Wesley Snipes). If for some reason you can’t prepare your return on time, then make sure to take two minutes and file an extension. This gives you an additional six months to prepare your return but it doesn’t give you extra time to pay. When you submit a request for an extension, it’s important to also submit an estimate of what you think you will owe the IRS once you complete this return. The estimated amount can be based on what you owed last year, assuming there are no significant changes in your overall income and expenses.
