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 #53: avoid the long, annoying lines at the post office.
It happens every year. I see it at the post office right down the street from me. Starting in the first few days of April, I notice that the line starts to creep out the door a couple of hours per day. By April 15, not only is the line permanently out the door, it’s around the corner and down the block. Everyone in line looks like they are competing to be voted the most miserable person on the planet.
Why wait in line? There’s a perfectly good alternative. You can file a tax extension online and get an extra six months to file your taxes. Even though you’ll have until October 15, you don’t have to wait until then to file. You can file in May when the lines have subsided (just do go the Friday before Mother’s Day).
To review: if you hate lines, file a tax extension online. Wait until the line disappears and then file.
You might be considering filing an IRS extension for the first time. 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.
Any thoughts, questions, or comments about tax extensions? Let’s chat in the comment section below.
