Please remember, there Is NO EXTENSION of time

for PAYING Taxes due on April 15 of each year

Tax return filingand tax payments are separate events with separate penalties.


If you cannot file your tax return by the due date, or your tax return preparer cannot file by the due date of the return, filing an extension is recommended by the IRS. Filing an extension to file your tax return does not cause 'red flags' with the IRS.  There is no penalty if your return is extended and your return is then filed by the due date of the timely filed extension. However, filing an extension to extend the time needed to file your return  does NOT extend the time you have to meet and pay your tax liability, it only extends the time you have to file your Federal and State tax returns. 


To be considered paid on time taxes must be paid by April 15 of each year unless another date has been determined by the IRS. If you pay taxes owed after the due date, you will pay additional late payment penalties and interest. If you think you might owe taxes then you should make an estimated tax payment as quickly as possible.  Paying your tax liability is your responsibility and while we may assist you in determining the amount of estimated tax payment you should pay, we are not responsible if the estimate we recommend does not cover your tax liability. Paying a little more can be a safer bet than not paying enough and owing late penalties on top of taxes.


Please know that there are also penalties for UNDERPAYMENT of estimated taxes and/or payroll withholding taxes. This penalty may apply even if you are owed a refund. In the past few years, we have seen more tax clients receive what is known as an 'Underpayment of Estimated Tax' notice. A good tax planning rule is to pay your tax liability evenly throughout the year which might mean making estimated taxes.


To make Federal tax payments

https://www.irs.gov/payments


To make State tax payments

https://www.irs.gov/businesses/small-businesses-self-employed/state-government-websites