Just a reminder to those who have not yet filed their 2012 tax return that April 15, 2013 is the due date to either file your return and pay any taxes owed, or file for the automatic six-month extension and pay the tax you estimate to be due.
In addition, the April 15, 2013 deadline also applies to the following:
Tax Year 2012 Balance-Due Payments
Taxpayers that are filing extensions are cautioned that it is only an extension to file, NOT an extension to pay a balance due. Late payment penalties and interest will be assessed on any balance due, even for returns on extension. Taxpayers anticipating a balance due will need to estimate this amount and include their payment with the extension request.
Tax Year 2012 Contributions to a Roth or Traditional IRA
April 15 is the last day contributions for 2012 can be made to either a Roth or traditional IRA, even if an extension is filed.
Individual Estimated Tax Payments for the First Quarter of 2013
Taxpayers, especially those who have filed for an extension, are cautioned that the first installment of the 2013 estimated taxes are due on April 15. If you are on extension and anticipate a refund, all or a portion of the refund can be allocated to this quarter’s payment on the final return when it is filed at a later date. Please call us with any questions.
Individual Refund Claims for Tax Year 2009
The regular three-year statute of limitations expires on April 15 for the 2009 tax return. Thus, no refund will be granted for a 2009 original or amended return that is filed after April 15. Caution: The statute does not apply to balances due for unfiled 2009 returns.
If you have questions or need assistance, contact the Tax Experts at Henssler Financial: experts@henssler.com or 770-429-9166.
Disclosures
This article is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently be traded by Henssler Financial. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing. Henssler is not licensed to offer or sell insurance products, and this overview is not to be construed as an offer to purchase any insurance products.
