Get Ready for Tax Day
We hope your taxes are done and you’re ready to make some noise!
This is the time of the year when many are rushing to get their personal income tax returns for tax year 2023 filed before the deadline of Monday, April 15, 2024. Missing the filing deadline means paying a penalty of 5% of the tax due for each month, or partial month, the tax return is late, up to a maximum of 25% of the tax due. If Uncle Sam owes you a refund, you will not receive it until you file.
If you are not ready to file by April 15, you can request an automatic six-month extension (on Form 4868) by April 15, 2024. You will then have until October 15, 2024, to get your return in, but there’s a catch. You still have to pay any tax due by April 15, which you can estimate and pay when you file Form 4868. If you underpay your tax, you will owe a late payment penalty (separately from any late filing penalty) of 0.5% of the tax due for each month or partial month up to a maximum of 25% of the tax due. If you have a reasonable explanation for filing late or paying late, you might not owe either the late filing or late payment penalty. There are special rules for those who are out of the country on tax day.
Now, let’s get to the fun stuff. You filed your return on time and paid any tax due. You want to do all you can to stop the April 15 stress once and for all.
Tax day, when people are thinking about taxes, is a good time to remind people about the FAIRtax. In the past, I for one, stood in the Summit, New Jersey, train station and handed pocket cards to New York commuters. Others stood in front of post offices (there are special rules for permitted activities in post offices) handing out pocket cards. Posting yard signs, where permitted, in high-traffic areas may have had an effect, but the effect was difficult to measure.
But times have changed. Folks today work from home more and no longer commute to offices in the city as much as they did. They also file their returns electronically and no longer worry about getting them postmarked on Tax Day.
The trend today is social media. I have an old-fashioned Facebook account. Others may prefer Rumble, Twitter, WhatsApp, TikTok, Instagram, Snapchat, or LinkedIn. People who know me on Facebook see FAIRtax on my posts. Repeated exposures to the message appear to work. A message that, if we had the FAIRtax today, your friends would never have to worry about IRS deadlines again, might register with them at this time.
I would love to hear your ideas about making noise on Tax Day.
This is the time of the year when many are rushing to get their personal income tax returns for tax year 2023 filed before the deadline of Monday, April 15, 2024. Missing the filing deadline means paying a penalty of 5% of the tax due for each month, or partial month, the tax return is late, up to a maximum of 25% of the tax due. If Uncle Sam owes you a refund, you will not receive it until you file.
If you are not ready to file by April 15, you can request an automatic six-month extension (on Form 4868) by April 15, 2024. You will then have until October 15, 2024, to get your return in, but there’s a catch. You still have to pay any tax due by April 15, which you can estimate and pay when you file Form 4868. If you underpay your tax, you will owe a late payment penalty (separately from any late filing penalty) of 0.5% of the tax due for each month or partial month up to a maximum of 25% of the tax due. If you have a reasonable explanation for filing late or paying late, you might not owe either the late filing or late payment penalty. There are special rules for those who are out of the country on tax day.
Now, let’s get to the fun stuff. You filed your return on time and paid any tax due. You want to do all you can to stop the April 15 stress once and for all.
Tax day, when people are thinking about taxes, is a good time to remind people about the FAIRtax. In the past, I for one, stood in the Summit, New Jersey, train station and handed pocket cards to New York commuters. Others stood in front of post offices (there are special rules for permitted activities in post offices) handing out pocket cards. Posting yard signs, where permitted, in high-traffic areas may have had an effect, but the effect was difficult to measure.
But times have changed. Folks today work from home more and no longer commute to offices in the city as much as they did. They also file their returns electronically and no longer worry about getting them postmarked on Tax Day.
The trend today is social media. I have an old-fashioned Facebook account. Others may prefer Rumble, Twitter, WhatsApp, TikTok, Instagram, Snapchat, or LinkedIn. People who know me on Facebook see FAIRtax on my posts. Repeated exposures to the message appear to work. A message that, if we had the FAIRtax today, your friends would never have to worry about IRS deadlines again, might register with them at this time.
I would love to hear your ideas about making noise on Tax Day.
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CALL FOR PICTURES AND WRITEUPS
We need more of you to send in pictures and news. If you have something to share, please send your material to me, jim.bennett@fairtax.org, (908) 578-4975, or fax (908) 598-2888. When others see your activity, they are inspired, and the process snowballs. When the process snowballs, Congress Members, Senators, and even the President start to listen.
CALL FOR PICTURES AND WRITEUPS
We need more of you to send in pictures and news. If you have something to share, please send your material to me, jim.bennett@fairtax.org, (908) 578-4975, or fax (908) 598-2888. When others see your activity, they are inspired, and the process snowballs. When the process snowballs, Congress Members, Senators, and even the President start to listen.
Jim Bennett
AFFT Grassroots Coordinator & Secretary🇺🇸 Call For Pictures & WriteUps - When others see your activity, they are inspired, the process snowballs and Representatives, Senators and, yes, even the President start to listen to you and me. Please send your material to me at Jim.Bennett@FAIRtax.org.
🇺🇸 The Official FAIRtax Store - Don’t forget to order your FAIRtax gear from the FAIRtax Store.🇺🇸 We've Got You Covered, If You Let Us Know - If you are planning an event, we have event insurance coverage available for you. Email me the "who-what-where-when" and I will obtain for you a COI. Once the event is underway, it's too late.