<\/p>\n\n\n\n
If you filed an extension on your 2024 income taxes, mark your calendar: October 15 is the deadline. Miss that date, and the IRS hits you with a 5% monthly penalty on what you owe\u2014up to a staggering 25% of your total due. That means if you owe $1,000, procrastinating until March will tack on an additional $250, plus accumulated interest!<\/p>\n\n\n\n
Speaking of interest, the IRS charges a 7% annual percentage rate (APR) until your back taxes are fully paid. Filing late can snowball into a costly headache, but filing on time drastically reduces the damage. Even if you can\u2019t pay right away, getting your return in before the deadline means you avoid the failure-to-file penalty\u2014instead, you\u2019ll only be charged a modest 0.5% per month (plus the 7% APR). That\u2019s a small price compared to the hefty penalties for not filing at all!<\/p>\n\n\n\n
Here\u2019s the best part: you don\u2019t need to fork over hundreds at a big-name tax prep chain. Gordon Tax Service offers expert e-filing with 100% accuracy for a fraction of the cost. Check out my services and rates on my website, then give me a call or send an email\u2014I’ll take care of the rest.<\/p>\n\n\n\n
Got back taxes? It\u2019s time to take control. Gordon Tax Service can help!<\/p>\n","protected":false},"excerpt":{"rendered":"
If you filed an extension on your 2024 income taxes, mark your calendar: October 15 is the deadline. Miss that date, and the IRS hits you with a 5% monthly penalty on what you owe\u2014up to a staggering 25% of your total due. That means if you owe $1,000, procrastinating until March will tack on … Continue reading Don\u2019t Let Failure-to-File Drain Your Wallet!<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-44","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/posts\/44","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/comments?post=44"}],"version-history":[{"count":1,"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/posts\/44\/revisions"}],"predecessor-version":[{"id":46,"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/posts\/44\/revisions\/46"}],"wp:attachment":[{"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/media?parent=44"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/categories?post=44"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gordontaxservice.com\/taxtipsblog\/wp-json\/wp\/v2\/tags?post=44"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}