Tax Filing Deadline Rapidly Approaching
- 2013 balance due payments
- IRA Contributions for 2013
- Estimated tax payments for first quarter 2014
- Statute of limitation 2010 refunds
In addition, the April 15, 2014 deadline also applies to the following:
- Tax year 2013 balance-due payments - Taxpayers that are filing extensions are cautioned that the filing extension is an extension to file, NOT an extension to pay a balance due. Late payment penalties and interest will be assessed on any balance due, even for returns on extension. Taxpayers anticipating a balance due will need to estimate this amount and include their payment with the extension request.
- Tax year 2013 contributions to a Roth or traditional IRA - April 15 is the last day that contributions for 2013 can be made to either a Roth or traditional IRA, even if an extension is filed.
- Individual estimated tax payments for the first quarter of 2014 - Taxpayers, especially those who have filed for an extension, are cautioned that the first installment of the 2014 estimated taxes is due on April 15. If you are on extension and anticipate a refund, all or a portion of the refund can be allocated to this quarterís payment on the final return when it is filed at a later date. Please call this office for any questions.
- Individual refund claims for tax year 2010 - The regular three-year statute of limitations for refunds expires on April 15 for the 2010 tax return. Thus, no refund will be granted for a 2010 original or amended return that is filed after April 15. Caution: The statute does not apply to balances due for unfiled 2010 returns.
If your returns have not yet been completed, please call right away so that we can schedule an appointment and/or file an extension if necessary.