Tax Extension Center continues its daily series of The Top 100 Reasons to File a Tax Extension. Our goal is to educate taxpayers that 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 #79: your wife always handles your taxes… and she just left you.
As if getting a ‘Dear John’ letter wasn’t hard enough. What really stinks is when your wife or girlfriend was the one that handled taxes each Spring. Now what are you supposed to do?
Well, I definitely can’t offer relationship advice, but I can make some suggestions for your taxes. You have options. Filing a tax extension is one thing you can do. A tax extension will give you an extra 6 months to file your taxes – which might be the perfect option for you while you try to get all of your personal matters figured out.
Ever filed a federal extension? Whether you are new to IRS extensions or you are one of the 15 million invidious and businesses that file one very year, remember that 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.
Have any questions of feedback? Let’s talk about it in the comment section below.
