1. Find out where you stand.
Taxpayers can always file for an extension to buy themselves a little more time on submitting tax returns. But beware: April 15 is the date by when any taxes owed must be paid; there’s no procrastinating on paying Uncle Sam his due. “If you’re going to file for an extension, then you need to know the numbers and start gathering the cash for those payments,” said Mr. Benson.