Extension to File Is Not an Extension to Pay: Interest and Penalties Since April

Steve Perry

Published on: 30/09/2026

An extension delayed your filing, not your payment. See how interest and failure to pay penalties have accrued since April 16 and what to do before the October 15 deadline arrives.

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Guaranteed Payments, Distributions, and Draws: Avoiding Common Partnership Errors

Steve Perry

Published on: 19/08/2026

Guaranteed payments, distributions, and draws follow different tax rules. Misclassifying them can trigger self-employment tax, taxable gain, or underpayment penalties partners do not expect.

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