Nobody likes to pay penalties. Even the very word conjures negative images in our minds.
Payment of taxes feels like penalty enough. Failure to pay enough tax to the IRS can result in an underpayment penalty. But you can avoid the penalty.
It is burned into our memories that April 15 is the tax deadline. April 15. April 15. APRIL 15!!!
As with most holidays, if the special day falls on a weekend it is observed another day. For tax deadlines the due date becomes the next working day after the scheduled date. You might think that since April 15, 2018 is a Sunday, the next working day would be Monday, April 16. If you were making this presumption for most of the country you'd be correct. Enter the District of Columbia.
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Our blog is intended as a tool to keep people informed about relevant tax and accounting issues. If you have a question or an idea for a post, let us know!