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Key Takeaways File an extension and pay what you owe: Gain extra time to file without giving the IRS extra interest.
Turn taxes into a strategy: Use deductions, credits and a trusted CPA to permanently reduce your tax burden.
April 15 is just around the corner. Have you completed your tax return yet?
If not, you’re not alone. The IRS estimates that millions of taxpayers miss the filing deadline every year, and 2026 is unlikely to be any different.
Plenty of entrepreneurs fall into this category. You’re busy running your business. You may be waiting on final K-1s or other partnership documentation. And, let’s be honest, tackling taxes rarely makes anyone’s list of favorite things to do.
But it’s time to stop procrastinating. Here are four steps to take to get yourself and your finances back on track.
1. Assess where you are
With the tax filing deadline so close, it’s time to be brutally honest with yourself about where things stand.
If you’re close to wrapping things up and just need to download a few final documents or review your numbers one more time, don’t sweat. Block out some time in your calendar and check this task off your list.
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