Business Returns Due March 16th

(the day before St. Patrick's Day!)

• For all businesses that submitted all of their data by the Feb 15th deadline, we have either already filed your return or are still working on it.
• We will automatically file a courtesy extension by March 15th for any business returns not completed or not authorized for e-filing yet.
• If an extension is filed, your business return is due no later than September 15th.

Track your refund status on-line

• If we already filed your personal return and you are getting a refund, you can check the refund status on-line with the IRS and most states.
• Use the links below to check refund status with the IRS and CO (FYI - you do NOT have to login or create and account to check refund status)

Personal Return Extensions

• For those not planning to file by the April 15th deadline for personal returns, please notify us in advance so that we can plan our work load accordingly.
• If we do not hear from you and have not yet completed the return (or did not receive your authorization to file the return), we will automatically file a courtesy extension so that you can avoid a failure to file penalty.
• If you file an extension, your personal return is due no later than October 15th.

A reminder on extensions and penalties...

The extension is only an extension to file, not an extension to pay

• If you are not able to file on time, an extension is a good idea because prevents a failure to FILE (FTF) penalty
• The FTF penalty is one of the most severe penalties and can be up to 25% of the taxes you owe (it is applied 5% per month/partial month you do not file up to maximum of 25%).
• However, even if you file an extension, you need to make a payment if you expect to owe taxes. If you do not make a payment with the extension, you will be subject to failure to PAY (FTP) penalty.
• The FTP penalty is .5% (1/2 of 1 percent) of the unpaid tax per month (or partial month) and is also capped at 25%
• When making an estimated payment with your extension, it is best to be conservative and pay slightly more than you expect as you are only subject to FTP if you owe more money when you ultimately file your actual return.
• On top of the penalty amounts above, the IRS will also add interest. The current interest rate is 7% but can change each quarter based upon the underlying federal short term rate (plus 3%).

HAPPY ST. PATRICK'S DAY

We promise not to drink any green beer while doing your returns!