Just a reminder with tax day April 18th this year, whether you file on time or request an extension, you need to pay taxes owed by the original due date to avoid racking up penalties and interest. The penalty for failure to file is 5% of your unpaid balance per month, capped at 25%, plus interest. By comparison, the late payment penalty is 0.5%, also levied monthly and limited to 25%, with interest. If you have questions call 320-679-5183 or go to yoursafemoneyshow.com.
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