Quick Tax Day Tip

Are you rushing around to make sure you file your tax return by midnight tonight? If you owe, yes you had better get that thing postmarked today. If you owe but you can't pay right now, you need to file the return anyway. If you don't, the IRS will hit you with failure to file penalties. The interest and failure to pay penalty are bad enough, don't make it worse!

But, if you are getting a refund, relax. Yes, you want to get your refund as quickly as possible and quit loaning it to the government. But if you are getting a refund, you will not get any penalties for filing late. You must file within 3 years or lose your refund -- why in the world would you wait that long??? However, you don't have to fight the traffic at the post office today if you are due a refund. Just put it in the mail tomorrow or the next day. Take it from a former Revenue Officer (yes, I'm ashamed to admit I used to be a tax collector). And unfortunately this year, I owed....