Tax Extension Center continues its series of The Top 100 Reasons to File a Tax Extension. This series is intended to show taxpayers that a tax extension is valuable because it saves individuals and/or their businesses time, stress, and even money.
Here’s reason #20: e-File is free!
In case you still do things the old fashion way (paper and snail mail), e-file is the IRS’ program that allows taxpayers to file tax forms like income tax extensions Form 4868 and Form 7004 electronically (or paper free) directly to the IRS.
The best part of e-file is that it’s free!
The follow-up question that a lot of people ask me goes something like this, “If e-file is free, why do tax preparers and tax websites charge for filing my forms?”.
Tax Extension Center continues its series of The Top 100 Reasons to File a Tax Extension. This series is intended to show taxpayers that a tax extension is valuable because it saves individuals and/or their businesses time, stress, and even money.
Reason #19: you thought you could do your taxes without an accountant. Wrong!
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ax Extension Center continues its series of The Top 100 Reasons to File a Tax Extension. This series is intended to show taxpayers that a tax extension is valuable because it saves individuals and/or their businesses time, stress, and even money.
Here’s reason #18 on our list: you enjoy watching everyone else stress out while you relax on April 15.
This might be my personal favorite. It’s actually one of the reasons why I have grown to love 4868 Form.
Tax Extension Center continues its series of The Top 100 Reasons to File a Tax Extension. This series is intended to show taxpayers that a tax extension is valuable because it saves individuals and/or their businesses time, stress, and even money.
Reason #17: you like options.
An income tax extension means you have the option to file later. It doesn’t mean you have to wait until October 15 to file.
So if you get a tax extension, you can choose to either fight the crowds and try and file for April 15. Or, you can take advantage of the extra 6 months a tax extension provides and choose to file your taxes anytime between April 15 and October 15. What’s key is that the extension eliminates you from a late filing penalty.
Whether you are new to tax extensions or not, remember that filing a tax extension does not give you more time to pay what you owe the government or face the possibility of penalties and interest. You still need to make your payment by midnight on April 15.
Have you ever filed an IRS extension? Thinking about filing one this year? Drop me a note in the comment section below.
Even though the actual tax extension form for individuals or businesses are a lot simpler than your average tax form, taxpayers still have valid questions about how to complete it. This post continues a Tax Extension FAQ series that covers some of the more common tax extension-related questions and their answers.
Question of the day:
How long does it take to hear back from the IRS on approval for a personal tax extension?
Tax Extension Center continues its series of The Top 100 Reasons to File a Tax Extension. This series is intended to show taxpayers that a tax extension is valuable because it saves individuals and/or their businesses time, stress, and even money.
Reason #16: you’re a business owner who is too busy working to growing your business.
Is it me or does everyone you meet these days says they are busy? If that’s true, no one is busier than the small business owner. They have a million hats to wear – chief executive, leader, spokesperson, strategist, head of customer support, negotiator, and in some cases even more. Most of all, a business owner is responsible for growing the business – making sure the company is profitable so that it can pay all of its employees and bills and still have some money left over. That’s a huge responsibility that requires a ot of time and dedication.
With all of that to do, who has time for taxes?
Tax Extension Center continues its series of The Top 100 Reasons to File a Tax Extension. This series is intended to show taxpayers that a tax extension is valuable because it saves individuals and/or their businesses time, stress, and even money.
Reason #15: taxpayers who file a tax extension have their own special tax deadline: October 15.
Think about it…while everyone else is scrambling around on April 15 like it’s the end of the world, you can relax because your tax deadline is completely different and seemingly far away in the future. Thanks to a tax extension, you get an extra six months to file, making your tax deadline October 15.
A tax deadline that’s different from everyone else is special, but it’s hardly unique. Nearly 15 million individuals and businesses file a tax extension each year.
Whether you are new to tax extensions or not, remember that filing a tax extension does not give you more time to pay what you owe the government or face the possibility of penalties and interest. You still need to make your payment by midnight on April 15.
Have you ever filed an IRS extension? Thinking about filing one this year? Drop me a note in the comment section below.
Even though the actual tax extension form for individuals or businesses are a lot simpler than your average tax form, taxpayers still have valid questions about how to complete it. This post continues a Tax Extension FAQ series that covers some of the more common tax extension-related questions and their answers.
Question:
What could cause a tax extension to get rejected by the IRS?
