Most of us have been a little late filing our taxes a time
or two. Whether you simply forgot about the deadline or just didn’t have a
chance to meet with a qualified accountant in your area, missing deadlines
happens. Depending on how late you are, though, correcting the problem is
usually just a matter of a slap on the wrist, most commonly in the form of a
fine. Things get a little more difficult for high-profile individuals, however,
such as Compton City Councilman, Isaac Galvan. Galvan was under intense
pressure for not filing required campaign finance forms, and it was only after
state officials said that they were going to open a formal investigation into
the campaign that Galvan filed the necessary forms on August 22, 2013.
The forms revealed some interesting information, information
that, prior to the 22nd, only Galvan and his accountant knew. They
showed that Galvan spent a whopping $29,000 on his campaign, that he raised
around half of what he spent, and that he received the vast majority of his
campaign contributions from those not living in the Compton area.
To avoid being like Galvan, always get your tax and
financial forms in on time! If you’re working with a qualified accountant in your area, one who
reminds you of upcoming deadlines, that shouldn’t be a problem. There are many
wonderful accountants in Naperville, including the friendly professionals at
Susan S. Lewis, Ltd.
