Missed The Filing Deadline? Don't Sweat

 Whew! April 15th has come and gone. If you made the dreaded deadline, then you have nothing to worry about. If you did not, what do you do next? If you did miss the tax deadline, it is not the end of the world. There are a few steps you can take to show good faith to the IRS.
First, file for a tax deadline extension as soon as possible. This effort will allow you to push back your filing deadline to October. 15th, so you can get your taxes in order and get on good terms with the IRS.
Here are a few different ways to for file an extension.

• Filling out the IRS Tax Extension form 4868 that estimates your taxes, and sending it in electronically or by mail. If you are past the deadline already, we strongly recommend that you send it in electronically. 

• If you are doing your taxes online you can file for an extension through several entities like TurboTax or H & R Block.

Furthermore, although you've filled out the form and filed for an extension, you are obligated to pay any taxes owed by April 15th. Failing to send in the taxes that you owe can cause you to incur penalties and fines. To avoid this, use the estimated taxes from your extension form and get those funds to the IRS as soon as possible. The IRS makes it pretty easy by allowing you pay via a debit or credit card.

Once you do these two things, the IRS is happy to give you an extra 6 months to get organized and get everything together.