Tips for Tax Deadline Day

Posted on Apr 18, 2016 By Mary Pool

Attorney Mary PoolAre you stressed to meet the deadline to file your taxes today or relieved that you already filed your return?  If so, today may be a day of freebies for you.  Several companies are offering tax day freebies today which include:

  • Get one free cookie today from Great American Cookies
  • Get one free small sandwich with a purchase of a 32-ounce drink and a bag of chips from Schlotzky’s Deli today.
  • From 6:00 a.m. to Midnight today, Krystal’s is offering discounted hamburgers and cheeseburgers
  • Single cheeseburgers are half-price at Sonic

Do you owe taxes that you cannot pay this year?

If so, remember to file your tax return anyway to avoid additional penalties.  If you are unable to pay your tax bill because you are struggling to pay other debts or have limited income, Bond & Botes offers a free consultation to discuss your financial options, including managing those tax liabilities.  One option of settling your debt may be an “Offer in Compromise”.

Avoid making common errors on your tax return

If you are frantically preparing your tax returns today, avoid making common errors that may create a tax liability for you later.  Remember, you cannot claim head of household unless you meet certain criteria (see my blog post “Be Sure You Can Claim Head of Household Filing Status Before Submitting Tax Return”).  If you have a tax preparer and you notice errors on your tax return, ask questions because it is you that will be signing the tax return under penalty of perjury.

Call your local Bond & Botes office today to setup a free consultation to meet with one of our experienced attorneys to discuss your financial options.