Monday, April 9, 2018

Thrifty Thinking: Last-Minute Tax Filers

Procrastinators this year will have a few extra days since the tax filing deadline is April 17, but waiting till the last minute to file your taxes may not be the best approach.

According to a recent survey of 3,000 American taxpayers commissioned by H&R Block, more than half (57%) said the tax preparation process stressed them out. For many this led to sleepless nights, and for others it caused arguments with a significant other about taxes.

The penalty for not filing a tax return is 10 times greater than the penalty for not paying in full.

So what should taxpayers know to avoid possible penalties?

H&R Block’s Andrew Wagner shares tax tips for procrastinators in this interview.

About Andrew Wagner:
Andrew Wagner, H&R Block Senior Tax Advisor, has been preparing individual and small business tax returns since 2008. He enjoys working with clients and learning their goals and concerns and connecting their life to taxes. Wagner has extensive experience with small business tax returns, multiple state income and working with clients across the globe.
Interview Courtesy: H&R Block

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