Outside, it’s 90 degrees, the sands of the Jersey Shore are beckoning and summer vacations are in full swing. The furthest thing on anyone’s mind in these last lazy days of summer is taxes. However, for those with extended tax return filings through September 15th (businesses) and October 15th (individuals), now is the time to deliver your information to your tax advisors. The earlier the better.
Every year, we witness the last-minute rush to get tax information to accountants for the deadline. For extensions, it is particularly vexing since, unlike the April 15th deadline, this is it—no more extensions! If your information is submitted too late there may not be sufficient time to complete the return, which could result in penalties.
So, before you head out to enjoy more fun in the sun, submit any remaining information needed to complete your tax return. We simply cannot complete your return or advise on money-saving tax planning without your information.
If your 2018 filing(s) is extended and you have yet to deliver all your documents to us, contact your tax advisor at Drucker & Scaccetti today. Gather any remaining information needed and send to us before August 15th. Your advisor can provide a secure link to send items to us via email.
The sooner we can complete your return, the more peace of mind you’ll have to enjoy the last days of summer knowing your taxes are under control.