9. Waiting until the last minute to file
Technically speaking, you can file your tax return until the last second of tax day, but the owner of Eckstein Tax Services in Huntington, Michael Eckstein, advises you not to do so. Don’t wait until the last minute to file your tax return!
Doing so, you’ll be forced to rush things up. This will most likely lead to errors and maybe a penalty if you are unable to send your tax return on time. According to the IRS, the filing late penalty can be up to 25 percent of your unpaid taxes.
However, if the reason for filing late is strong, you won’t face the penalty. Check the IRS website for details regarding this matter.
Still wondering why should you file your taxes early? Here Are 5 Money-saving Reasons!
