Now That April 15th Has Passed… Now What?

April 15, 2025, has come and gone. If you're an Adult Family Home (AFH) owner, you might be feeling relieved — or maybe you’re still unsure if everything was done right. Whether you filed your 2024 tax return, filed an extension, or didn’t file at all, the question now is:

What should you do next?

Let’s walk through your options — and what smart AFH owners are doing to stay ahead.

📌 If You Missed the Deadline Completely…

If you didn’t file your 2024 tax return or request an extension by April 15, you’re officially late — but you still have time to fix it.

The IRS charges a 5% penalty per month (up to 25%) on any unpaid taxes. That penalty is already building. But here's the good news: the sooner you file, the more you limit the damage.

✅ Next step: File your 2024 return as soon as possible to stop the clock on penalties. Even if you think you’re due a refund, file now to avoid issues.

🗓️ If You Filed an Extension…

You’re in a better position — filing an extension gives you until October 15, 2025 to submit your 2024 tax return.

But don’t get too comfortable. An extension gives you more time to file, not more time to pay.If you owed taxes and didn’t pay by April 15, interest is already accruing.

✅ Use this extra time wisely:

• Clean up your 2024 bookkeeping

• Review your Profit & Loss statement

• Make sure you’ve claimed all your AFH-specific deductions

• Get advice on business structure or tax planning

  
  

👀 If You Already Filed… Are You Done?

Maybe you filed on time — that’s great!But that doesn’t mean you should check out completely.

Here’s the truth: many AFH owners file on time but file wrong.

I’ve reviewed returns where:

• Medicaid waiver income was misclassified

• Business and personal expenses were mixed

• Major deductions were overlooked

• The business structure was hurting, not helping

  
  

Even if it’s too late to change your 2024 return, a review now helps you plan smarter for 2025 — and avoid those mistakes again.

✅ Next step: Get a second opinion from someone who understands AFH taxes.

💡 How to Set Yourself Up for 2025 Success

If this tax season felt stressful, the best thing you can do is start fresh now. Here’s how:

1. Get your 2024 bookkeeping fully caught up

2. Separate personal vs. business spending

3. Start reviewing your financials monthly

4. Reevaluate your business structure

5. Plan for 2025 quarterly taxes (especially if you owed for 2024)

   
   

This isn’t just about tax time — it’s about protecting your business and your peace of mind year-round.

🎯 Let’s Get You on Track (No Pressure)

Whether you filed, extended, or missed the deadline entirely, you don’t have to figure this out alone.

I offer free 15-minute consults for AFH owners who want:

• A second opinion on their 2024 return

• Help cleaning up bookkeeping

• Advice on business structure and next steps

  
  

No pressure. Just a real conversation.

👉 Click here to schedule your free tax review.

Let’s make sure you’re set up to win in 2025 — not just survive another April.