That really doesn’t mean much this year. Why, you ask? If by chance you have been living under a rock for the last three weeks, the IRS extended the deadline this year (but only for 1040 tax returns) to May 17. My team and I are still working as if April 15 were still the deadline. What does that mean, that the deadline was extended to May 17? That is a good question. It means that you now have until May 17 to file your Form 1040 and pay (if you owe) any amount due. By the way, if you don’t pay the balance due by then, late payment penalties and interest will begin to accrue on the balance due after May 17.