Taxes are the lifeblood of a nation. Without taxes, the government cannot provide basic services to its citizens. Money collected from taxes is what the government uses to finance infrastructure projects (dams, bridges, roads, etc.), to provide police and fire protection and to give free or subsidized health services to its people, among many others. That’s why it’s truly important that we pay our taxes.
Failure to pay our taxes results in stiff penalties, such as paying hefty fees or worse, getting imprisoned. If you are too busy to file your taxes or if you’re not sure how to do it, you can hire a tax professional to prepare your tax returns for you. You also have the option to do it yourself. All you need is a reliable tax preparation software that will provide you step-by-step instructions, give you accurate calculations and ensure you get your maximum tax refund.
Now, you might be interested to know about the IRS extension 2010. Military personnel who are stationed outside the United States have until June 15 to file for a tax extension. The tax filing deadline for those who have accomplished this will be extended to October 17. Are you eligible for a tax extension?