Tax Day may have passed, but if you filed for an extension, you’ve bought yourself some extra time—but not a pass to procrastinate. The extended deadline gives you until October 15th to file your personal return, but the sooner you get organized, the better off you’ll be.
At Basso & Guida, we’re here to help you use this extra time wisely. Here’s what to focus on next:
1. Don’t Wait Until October
One of the most common mistakes we see is waiting until the new deadline is just days away. Filing early helps you avoid the same last-minute stress you just tried to escape and gives you time to gather documents, ask questions, and plan effectively.
2. Start Organizing Now
Use this time to collect:
- Any documents you were missing at the April deadline
- Receipts and records for deductions or expenses
- Updated information that may affect your return (like estimated tax payments or changes in income)
If you’re not sure what’s still needed, we can help you make a checklist.
3. Be Strategic With the Extra Time
Filing an extension gives you an opportunity to:
- Maximize deductions you may have overlooked
- Review prior returns if you’re eligible for carryovers or adjustments
- Consider tax planning strategies for the current year
4. Remember: An Extension to File Is Not an Extension to Pay
If you owed taxes back in April, those payments were still due on April 15th—even if you extended your filing. If you haven’t yet submitted your payment, reach out to us as soon as possible to minimize any penalties or interest.
Need Help Finishing Your Return?
At Basso & Guida, we work closely with clients who have filed extensions to make sure their returns are completed thoroughly, accurately, and with every possible advantage. If you filed for more time—now is the perfect time to use it wisely.
📞 Contact us today and let’s wrap up your return well before the October deadline.
