Money Monday – If you’ve put off filing your taxes until the April 15th deadline today, you’re not alone. As of Friday the IRS reported 50 million taxpayers still hadn’t filed their tax returns.
Need more time to prepare your federal tax return? The IRS recommends you file for an extension if you need one. Filing an extension will help taxpayers avoid paying penalties for filing a late return. Extensions provide more time to file, but not more time to pay any tax owed.