Still working on tax returns for clients. I managed to get all of the ones for certain types of businesses out by March 15, while at the same time dealt with getting out sales tax returns by March 20 when they were due.
Now I am working on individual tax returns and our business's return which are all due for April 15. I have returns for two clients in house to work on. I have another client who is late with her returns – how late? Well I just did her 2019 – if she does not file it this year she will lose a sizable refund. I am hoping to get her to send me the information for 2020, 2021 as well as for 2022 so I can get her caught up and get her all of those refunds.
So hopefully all three of these returns will be done and out in the mail this weekend. I have one other client (it is a very small practice – actually the tail end of two practices) who I have not yet heard from, but she is local so I do not need to have weeks of lead time to make sure she gets her return in time.
THOUGHT OF THE WEEK -
You know that you have to file your taxes. Don't put it off if you have all the info you need. If you don't have all the info you need – GET THE INFO and get it done.
Most people get a refund – why let the government keep YOUR money any longer than needed? If you owe money – okay, you can wait until April 15 – but make sure it is in and if you are mailing it make sure that the mailing is postmarked that day, even if you need to stand in that LONG line at the Post office to make sure. If you can't file on time – send in an extension – but make sure that you pay with the extension what you think you will owe - Penalties and interest on money you owe can add up quickly and an extension does not give you more time to pay – only to file the return.
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