Tax Day: The Lowdown

Monday, April 18, 2016!

That’s the deadline to file your taxes for 2015.

If you didn’t finish your taxes on time, I hope you filed for an extension. This is what it looked like at the 24-hour post office in mid-Manhattan Monday night around 10PM hundreds of folks lined up just in time to make the deadline and get that all-important postmark that says April 18th.

If you didn’t file for an extension –and you owe Uncle Sam some tax money, you could get hit with a failure-to-file penalty.

The penalty is usually 5% of the unpaid taxes pro-rates for every month that you wait to finally file.

Here’s some advice. Get those taxes done ASAP.

That’s the Lowdown!

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