It is that time of the year for the seasonal post reminding everyone that October 15th is not April 15th.
If your 2012 tax return has been filed, you are in good company and this post doesn’t apply to you. But if you filed an extension for your 2012 tax return last spring, time is running out. Wait, you say! You still have six weeks. You have plenty of time to get your return in to your preparer.
Please let me explain, in my office, six weeks in the spring is not the same as 6 weeks in the fall. In the spring, I can file an extension to buy you more time. Miss the October 15th deadline, the failure to file penalty clock starts. Next the returns that I have on extension are generally more complex returns and take more time to complete. I can do fewer returns in the same amount of office hours. Speaking of office hours, they are shorter and I’m spending less time in the office. I have other pulls on my time in the fall. I have continuing education to complete and I have outside projects happening so late nights aren’t an option. Wait too long to get your documents to me and you run a serious risk that I won’t be able to finish the return by October 15th. Don’t blame me, you’ve been warned. My life does not revolve around your tax return.
This is the time to get your 2012 tax return information to your tax pro so that they have plenty of time to prepare it. I will be the first to admit that every preparer is different and you may have someone who will gladly work late the first two weeks in October so you can continue to procrastinate. That someone is not me.