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Get an Income Tax Extension

The deadline for filing your 2006 taxes is only three weeks away. If you have to file anything more complex than a 1040EZ you probably need to get cracking. If you are trying to do your taxes at the last minute your liable to miss deductions or make costly mistakes.

The IRS will give you an extension to file if you submit form 4868. You’ll have to check with your state for details on your state taxes.

Realize that the extension is an extension to file, not to pay. If you haven’t paid everything you’re likely to owe get that in as soon as possible. The longer you wait the higher your potential liability for interest and fines.

See the2006 contribution limit for 401ks.


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