Last-Minute Filing Tips
The last thing to decide is whether to send in your return via snail mail or to file it online. Filing your tax return online can help you avoid any “lost in the mail” accidents and reduce the risk of other individuals physically intercepting personal information.
The IRS maintains relationships with many companies to assist filers with online returns, making online filing easy and secure; it’s also free for qualifying businesses. If you decide to mail in your return, make sure it’s postmarked by the due date. You might also consider purchasing other services that confirm its mailing and successful delivery.
If the tax-filing deadline sneaks up on you, and you find you’re not quite ready, it’s best to go ahead and file your taxes anyway and pay what you owe sooner rather than later. You can amend your return at a later date to give yourself extra time to correct any tax forms or additional expenses. This may cost an extra hundred dollars in fees, but it will save you from paying penalties and interest fees to the IRS.
If your interested in learning more about taxes for sole proprietors and other business entities, don’t miss the rest of our small business tax guides. As promised, be sure to download our infographic below, which includes all the forms and dates a sole proprietor needs to file.