If you haven't filed your extended 1040, the hour is nigh. Tomorrow, October 15, is the drop dead date for 2007 1040s. If you don't file on time, all sorts of complications ensue, including potential penalties going back to April and the loss of elections that can only be made on a timely-filed return.
But if you want to subsidize the tax consulting profession, go right ahead and blow off that return. We can always use the stimulus.
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to