Professional offers tips for tax procrastinators
MACON, Ga. -- Although the deadline to file your taxes is Tuesday, many Americans have not yet taken the necessary steps to make sure they are in compliance.
George Cauble III, a tax adviser with Block Advisors, said that this time of year, especially right before the deadline, tax advisers are always busy. He said that many people like to procrastinate when it comes to taxes, especially because it is time consuming and oftentimes can be expensive if you have a balance due.
But Cauble said that if you have a balance due and you miss the deadline you can end up paying more in penalties and interest.
Cauble also said that sometimes many people who are working side jobs may forget to account for that income while filing taxes, but he said that although you may overlook it, the IRS won't he said that for that reason, it is important to make sure you report all of your income to avoid penalties.
Cauble said most of the time, people come to a tax professional because they something new happens in their life, like the purchase of a new house, a marriage, a divorce or the birth of a child.
He said when it comes to taxes, what you don't know can hurt you, whether that is a deduction that you are missing or an expense you overlooked. He recommends visiting a tax professional about once every three years or so to make sure that you are claiming and paying everything that you are required to.