Friday, April 12, 2013

dfree® Tip of the Week

Dear Friends,

As you know, April 15, 2013, is the day on which individual income tax returns must be submitted to the federal government.  Although it has been said that it takes more intelligence and effort to fill out tax forms than it does to actually make the income, we cannot use that as an excuse to avoid filing.  Failure to pay taxes could force you into a cycle of compounding debt and in extreme cases - incarceration, as has been the case for several well-known entertainers. 

What should you do if you find that you do not have the money to pay your taxes?  Per, file anyway!  File on time and pay as much as you can.  The IRS will sometimes work with taxpayers to establish payment plans and agreements if requested.

What should you do if you have not filed in while?  Again, per, “filing a past due return may not be as difficult as you think.  Taxpayers should file all tax returns that are due, regardless of whether or not full payment can be made with the return. Depending on an individual’s circumstances, a taxpayer filing late may qualify for a payment plan”.

In Romans 13:1-6, Paul reminded Christians to submit to governing authorities.  Read that section of scripture and pray strength to do the right thing. 

God bless,

DeForest B. Soaries, Jr. 

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