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 #46: it’s a long story, but what happens in Vegas, stays in Vegas.
Anyone who’s ever been to Las Vegas knows there’s a certain buffer necessary between leaving and getting reacquainted with reality. It’s sort of like trying to get over jet lag.
How much of a buffer is necessary depends on the length of time spent in Vegas and the person’s ability to recover from no sleep and the echo of the slot machine bells that ring in your head even after you’re gone.
That’s why a recovery from Vegas is a perfect reason to file a tax extension. In fact, you can take a pretty long time to recover since an extension gives you an extra six months to file.
The best part of using the Vegas as an excuse to file an IRS extension? It will work! The IRS doesn’t even ask for a reason when you file. It’s automatic.
So you can feel cool when someone asks you about how you got a tax extension and you reply with just a one word answer, “Vegas”.
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.
