San Francisco Tax Preparation Expert, Gelardi Tax Services, Offers Tax Advice for Late Taxpayers

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Gelardi Tax Service, providing experienced professional tax solutions, is now sharing tips for taxpayers who can’t pay their taxes on time.

Gelardi Tax Services

The IRS is granting a new six-month grace period on failure-to-pay penalties for ‘certain wage earners and self-employed individuals

San Francisco’s tax preparation experts, Gelardi Tax Service, provides tax services and tax help, is currently offering tax filing tips for those who may be unable to pay Federal taxes on time. In these cases, Gelardi Tax Service recommends tax payers consider the follow options:

1)    File on time and pay as much as possible with the return. These steps will eliminate the late filing penalty, reduce the late payment penalty and cut down on interest charges. Go to for electronic and credit card payments, or mail a check payable to the United States Treasury.

2)    Request an installment payment agreement. There’s no need to wait for the IRS to send a bill before requesting installments.

3)    File an extension to pay before the April 17 deadline. For the 2011 tax year, qualifying individuals may request an extension of time to pay and have the late payment penalty waived as part of the IRS Fresh Start Initiative.

“The IRS is granting a new six-month grace period on failure-to-pay penalties for ‘certain wage earners and self-employed individuals,’” Lisa Gelardi of Gelardi Tax Services said. “The request for an extension to pay any taxes owed will result in relief from the failure-to-pay penalty for tax year 2011, but only if the tax, interest and any other penalties are paid in full by Oct. 15.”

This special relief is available to two types of taxpayers. The first is for "wage earners who have been unemployed at least 30 consecutive days during 2011 or in 2012 up to the April 17 deadline for filing a federal tax return this year." The second is for self-employed individuals who have experienced "a 25-percent or greater reduction in business income in 2011 due to the economy.”

“If you receive a bill from the IRS, please contact us immediately to discuss these and other payment options. Ignoring the bill will only compound your problem and lead to IRS collection action,” Gelardi said. “If you can’t pay in full and on time, the key to minimizing your penalty and interest charges is to pay as much as possible by the tax deadline and the remaining balance as soon as you can.”

For more information about the tax payment options or Gelardi Tax Services, call 415-233-7764, view the company on the web at or visit 332 Glenwood Ave. in Daly City.

About Gelardi Tax Services

With more than 10 years of providing tax services for a variety of industries in the San Francisco area, Lisa Gelardi has the knowledge and experience to make tax preparation less intimidating. From Schedule As to Schedule Es, 1040s to 1065s and back taxes to current taxes, Gelardi handles personal taxes with accuracy and ease.

As a small-business owner, Gelardi is more cost effective and a lot easier to get in touch with than other companies. Offering tax help year round, she’ll even travel to clients in the Bay Area, so that they save time. She communicates clearly with her clients and displays a keen ability to find solutions for a variety of tax situations and industries.

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Lisa Gelardi
Gelardi Tax Service
(415) 233-7764
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