Tax Extension Center continues its series of The Top 100 Reasons to File a Tax Extension. Our aim is to inform taxpayers that a tax extension can be a valuable option because it saves time, stress, and even money.
Here’s reason #47: your accountant hasn’t slept in a week because he’s so busy.
It’s tax season. I know it’s not even March yet, but ask your friendly accountant and he or she will tell you they are already very busy. So busy, in fact, that the days are getting longer and the night shorter. And that means sleep is already at a premium. Imagine how bad things get when all of the procrastinators show up in April.
It may sound like a silly reason to file a tax extension, but that’s the point! You don’t need a good reason. You don’t even need a reason at all. The IRS doesn’t ask for one. Tax extensions are automatic!
So go file a tax extension online this year and bring your accountant a nice little present from Starbucks. They are going to need it.
Maybe you are new to filing a tax extension. Or maybe you file one every single year. Either way, remember that a tax extension does not give you more time to pay what you owe the IRS. You still need to make your payment by midnight on April 15. An IRS extension gives you more time to file the necessary tax forms you’re supposed to file. Failing to make a payment could make you subject to tax extension penalties and interest.
Got any thoughts about tax extensions? Let’s chat in the comment section below.
