8 Tax Myths That Could Affect Your Taxes

(March 1, 2016) - The National Association of Enrolled Agents – a group of federally licensed tax practitioners who specialize in taxes – lists these eight frequently-encountered tax myths that could affect your taxes.

Myth: “Federal taxes are due on April 15.”
Fact: Not this year! Due to a federal holiday, taxpayers have an extra weekend to work on their returns. In 2016, federal taxes are due on April 18.

Myth: “I’m filing an extension this year, so I don’t need to pay anything yet.”

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