My internet connection is just a bit slower today and I wonder if it is due to all the Cyber Monday traffic. I’m going to make today’s post short. I don’t want you to stop what you’re doing — our economy needs you to continue making your online purchases. But take just a moment to think about your taxes.
We are creeping up on the end of the year and it’s a good time to assess where you stand with your federal taxes. Do you anticipate owing taxes for 2011? Many people will owe, and as a result, some will delay filing their tax returns. Don’t delay. File your return on time even if you know you are going to owe and even if you know you can’t pay. There are always options available to you if you cannot pay, and it is not worth the headache to incur additional penalties and interest associated with failure to file.
Talk with the attorneys at Montgomery & Wetenkamp about your tax resolution options.