FYI: If you don't have a handle on your 2021 Tax Returns by now, you should seriously consider filing for an extension.

Based on my DM's in recent days I figure I should post something about the tax deadline. I know how easy it is to get blindsided by tax calculations when you're a degenerate in the defi space, so I wanted to drop this PSA for all the people out there freaking out about their tax situation.

Extending your tax filing deadline takes just a few minutes and can be done through the IRS website. This will give you until October to file your tax returns for the 2021 tax year which gives you some breathing room to make sure you're filing accurate tax returns.

If you're still not sure about how you're going to report your activity, it may make sense to file an extension so that you have time to sort things out properly instead of cutting corners just to get things out the door.

If you go this route, you're still expected to make an estimated payment for what you anticipate owing to the IRS by Monday. But even if your estimate is too low, the extension will be sufficient to ensure that you avoid punitive fees for the late-filing of your tax returns.

Of course, everyone's tax situation is unique, so when you do your own research and don't understand this fully it might be worth trying to contact a tax professional to see if the extension is right for you. A Reddit post isn't the place to get tax or legal advice. I'm just tossing out the reminder for all the procrastinators that they have the option to procrastinate another 6 months if they wanted. (Or give the people who just need another week or two the option to stop scrambling to get things done.)

Lastly, I am still working this weekend on wrapping up some client work, but if I need to take a break or I have some free time, I'd be happy to answer any questions you guys have.