Newtown, PA --- Larry Rosenblum, President of the Equine Tax Group, today reminded horsepersons that despite the government shutdown the Oct. 15 tax filing due date still remains in effect and horsepersons should continue to file and pay taxes during the lapse in government operations.
Rosenblum stated, “Those who requested an extension of time to file, should file their returns by Oct. 15, 2013. Taxpayers can file their tax return electronically or on paper, but the processing of paper returns will be delayed until IRS operations resume. Payments accompanying paper tax returns will still be accepted. Tax refunds will not be issued until normal IRS operations resume. All other tax deadlines remain in effect. The regular payroll tax deadlines remain in effect as well. Penalties and interest still apply for all late filings not received by the regular deadlines.
“It is critical to file on time. Even if you cannot pay your taxes, you incur costly penalties for late or non-filing. We often hear from people they cannot afford to file. The reality is they cannot afford not to file. If you cannot pay the amount due there are various avenues available to handle your particular situation. One avenue not to take is ignoring IRS notices.”
For further information contact the Equine Tax Group at 888.338.2999.