This post continues Tax Extension Center’s daily series of The Top 100 Reasons to File a Tax Extension. In this series of posts, we’re doing our part to educate taxpayers how filing a tax extension can be a valuable tax season option for you or your business because it saves time, stress, and even money.
Here’s reason #100: you can’t start and finish your taxes in a single day.
So, here we are. At the end of our list! 100 reasons have come and gone already.
This post continues Tax Extension Center’s daily series of The Top 100 Reasons to File a Tax Extension. In this series of posts, we’re doing our part to educate taxpayers how filing a tax extension can be a valuable tax season option for you or your business because it saves time, stress, and even money.
Here’s reason #99: you’re not alone – more than 10 million people file for an extension each year.
Yep, you read that right.
According to the IRS, more than 10 million of us procrastinate every year and file a tax extension. So don’t let embarrassment be an excuse. Go ahead and file and get an extra 6 months to file your taxes!
Whether you are new to filing a tax extension or you are one of the 15 million individuals and businesses that file one every year, there’s one very important thing to remember: income tax extensions do not give you more time to pay what you owe the IRS for income taxes. You are still responsible for paying what you owe by midnight on April 15 (or March 15 for the corporate taxes). An extension gives you more time to file the necessary tax forms you’re supposed to file. Failing to make your payment on time could make you subject to tax extension penalties and interest.
If you have any thoughts, comments, or questions about tax extensions let me know in the comment section below.
This post continues Tax Extension Center’s daily series of The Top 100 Reasons to File a Tax Extension. In this series of posts, we’re doing our part to educate taxpayers how filing a tax extension can be a valuable tax season option for you or your business because it saves time, stress, and even money.
Here’s reason #98: procrastination is your middle name.
If you have waited this long to file your taxes, chances are you are a procrastinator. It’s okay, be proud! You are one of the 15 million individuals and businesses that procrastinated every year by filing a tax extension.
Remember, being a proud member of Procrastinator nation is a legit reason for filing an extension. You know why? Because the IRS doesn’t care! Every extension is automatic – no reason required.
Whether you are new to filing a tax extension or you file one every year, there’s one very important thing to remember: income tax extensions do not give you more time to pay what you owe the IRS for income taxes. You are still responsible for paying what you owe by midnight on April 15 (or March 15 for the corporate taxes). An extension gives you more time to file the necessary tax forms you’re supposed to file. Failing to make your payment on time could make you subject to tax extension penalties and interest.
If you have any thoughts, comments, or questions about tax extensions let me know in the comment section below.
This post continues Tax Extension Center’s daily series of The Top 100 Reasons to File a Tax Extension. In this series of posts, we’re doing our part to educate taxpayers how filing a tax extension can be a valuable tax season option for you or your business because it saves time, stress, and even money.
Here’s reason #97: the IRS deserves to wait as long as possible for putting you through this process every year!
I talk to a lot of people this time of year that are extremely frustrated about their tax filing situation. Most are mad because it’s close to the deadline and they haven’t done anything to file their taxes yet. And who do they blame? The IRS of course.
This post continues Tax Extension Center’s daily series of The Top 100 Reasons to File a Tax Extension. In this series of posts, we’re doing our part to educate taxpayers how filing a tax extension can be a valuable tax season option for you or your business because it saves time, stress, and even money.
Here’s reason #96: it’s way too nice outside.
Mother Nature has been in a weird mood so far this year. It snowed like crazy on the East Coast. Then it rained like it never has before in the Northeast. Not to mention the devastating series of earthquakes all over the world. It’s enough to make you wonder what the heck is going on?
This post continues Tax Extension Center’s daily series of The Top 100 Reasons to File a Tax Extension. In this series of posts, we’re doing our part to educate taxpayers how filing a tax extension can be a valuable tax season option for you or your business because it saves time, stress, and even money.
Here’s reason #95: your birthday is in April – you refuse to celebrate and do your taxes in the same month.
How cruel would it be if I said this to you, “Happy Birthday! Have you filed your taxes yet?”
You probably wouldn’t like that. And I wouldn’t blame you. It’s rude to mix something so fun like a birthday with something so boring like taxes.
This post continues Tax Extension Center’s daily series of The Top 100 Reasons to File a Tax Extension. In this series of posts, we’re doing our part to educate taxpayers how filing a tax extension can be a valuable tax season option for you or your business because it saves time, stress, and even money.
Here’s reason #94: your boss is making you work overtime, so you don’t have time to do anything but work.
Time is running out. April 15 is approaching fast. You haven’t even started working on your tax return yet and your boss is asking you to work overtime. Yikes.
This is a scenario that plays out all over the country this time of year. And it’s the perfect formula for filing a tax extension to give yourself more time.
A tax extension is the perfect answer for these busy times. The reality is that April 15 arrives too early every year. It seems like there just isn’t enough time to work and manage things like taxes. An extension allows you to take a deep breath and file when things calm down at work. You’ll have an extra 6 months, so hopefully you won’t have to work O.T. for much longer.
Whether you are new to filing a tax extension or you are one of the 15 million individuals and businesses that file one every year, there’s one very important thing to remember: income tax extensions do not give you more time to pay what you owe the IRS for income taxes. You are still responsible for paying what you owe by midnight on April 15 (or March 15 for the corporate taxes). An extension gives you more time to file the necessary tax forms you’re supposed to file. Failing to make your payment on time could make you subject to tax extension penalties and interest.
If you have any thoughts, comments, or questions about tax extensions let me know in the comment section below.
This post continues Tax Extension Center’s daily series of The Top 100 Reasons to File a Tax Extension. In this series of posts, we’re doing our part to educate taxpayers how filing a tax extension can be a valuable tax season option for you or your business because it saves time, stress, and even money.
Here’s reason #93: the Masters is on TV. There’s no time for taxes!
Normally The Masters draws the attention of golf enthusiasts around the world. If you love golf, you watch The Masters. That’s a given.
But this year is different. That Tiger guy is coming back. Now everyone will be watching – even people that don’t really care about golf. Most experts expect that this will be the most watched golf tournament of all time.
