The End of The Line for Extensions - October 15

14 Oct 2022 · 3 min

Watch on YouTube

3:11

Donna Genie (Donna Campground Accounting) delivers a short YouTube advisory reminding viewers that October 15 is the final day to file prior-year returns on extension and urging taxpayers to know their tax liability earlier in the year. She warns that waiting until filing often incurs penalties and interest (from April 15 onward and sometimes earlier for missed estimated payments), promotes a proactive "Uncle Sam strategy" used by her clients to know 2022 tax liabilities in advance, and closes with contact and social-media calls-to-action.

Questions this video answers

October 15

October 14, 2022

me@donnacampgroundaccounting.com

Chapters

Foreign the end of the tax world is coming. October 15th is just around the corner and that is the last day on all extensions for filing for the prior year. So do you know where your taxes are? There are many folks out there who still don't have their tax returns filed. Now, I don't necessarily have a problem with that, but what I have a problem with, and you should too, is not knowing how much you owe. We are now going into ten and a half months end of the year, and they can't figure out what happened last year. That seems a bit harsh. Either you've been put to the bottom of the totem pole or your information is a mess. I don't know. But filing October 15th is not an issue. But not knowing how much you owe until then is causing you a lot of stress. It's also causing you to pay penalties and interest all the way from April 15th moving forward and sometimes prior to that, if you should have paid some of that in estimated payments. If you're tired of this process and you should be, it doesn't need to be the norm that it's becoming. There is a better way. Learn how you can know how much you owe all throughout the year. Our clients already know how much they owe for 2022, so they're over a full year in advance of where you're at. If you're awaiting that final bill for your 2021 tax returns right now, we are happy to help you get into a better routine where you are looking out the front window instead of driving with your vision in the rear view mirror and wondering what that surprise number will be for you. I'd be happy to talk with you about a better way to solve that problem. Check out our Uncle Sam strategy to help you move into the new century and be forward facing and working with a proactive accountant who can help you all throughout the year and help you take advantage of tax strategies to minimize that tax liability while growing your business and even finding the money to help you grow it by minimizing your tax liability. Reach out if you have questions or concerns, we'd be happy to talk with you. Thanks. Please follow us on Facebook and Instagram. Please make sure to check out our blog and our website link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. You can email me@donnacampgroundaccounting.com.