If you fail to file your federal tax return, you may have to pay a 'failure-to-file' penalty. There is a nondeductible penalty of 1/2 to 1 percent per month on the amount due; and that can go as high as 25 percent of the total.

MILWAUKEE - After one of the worst market downturns in history, some shell-shocked investors are looking to professionals to make investment decisions for them.