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 #6: more than two thirds of US taxpayers e-File their taxes these days, so why shouldn’t you e-File an extension and then e-File your taxes?
First, in case you never heard of e-File it’s the IRS’ program that allows taxpayers to file tax forms electronically, or without paper. It’s gaining more and more momentum each year. The IRS’ dream is to get as many people as possible e-Filing everything having to do with taxes. It saves the IRS tons of hours (and money) in processing time and makes them way more efficient. Makes sense, right? Tens of millions of Americans have listened and now use e-File.
That brings us back to reason #6 – I say if you’re going to use e-File for your taxes, why not use it to file a tax extension? There’s really no reason not to.
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.
Ever filed a tax extension before? Thinking about filing one this year? Drop me a note in the comment section below.
