By Polly Russell, ANAD Legal OfficeJanuary 25, 2018
ANNISTON ARMY DEPOT, Ala. -- We have all heard it said that two things in life are certain: death and taxes.
Tax season is upon us again. It rolls around every year on April 15.
"All Federal employees shall satisfy in good faith their obligations as citizens, including all just financial obligations, especially those such as federal, state and local taxes." This is one of the 14 basic principles of Ethical Conduct found in the Joint Ethics Regulation applicable to all Department of Defense employees.
Visit www.irs.gov for information and the forms you may need to file your annual tax returns.
Failure to pay your taxes may result in serious consequences, including penalties and interest imposed by the Internal Revenue Service, damage to your credit rating and your ability to borrow money, a tax lien on your real estate and disciplinary action at work.
If the clock runs out and you cannot file your tax returns on time, you may obtain an automatic six-month extension of time to file until Oct. 15.
However, the extension to file your tax return does not extend the time to pay taxes due.
If you obtain an automatic extension, you will owe interest on any amount of taxes due and not paid by April 15, plus a late fee penalty.
To obtain an automatic six-month extension, you must file IRS Form 4868 by the April 15 deadline.
Military service members, military retirees and their dependents are entitled to tax assistance.
Military members and retirees may contact the Redstone Arsenal Tax Center for assistance.
Appointments are required for use of this service. Contact 256-842-1040 to schedule an appointment.
Tax assistance is also available to military service members and retirees at militaryonesource.com.