T
ax 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 #18 on our list: you enjoy watching everyone else stress out while you relax on April 15.
This might be my personal favorite. It’s actually one of the reasons why I have grown to love 4868 Form.
Don’t get the wrong idea. I don’t enjoy seeing other people in pain or anything. But I do think it’s amusing to see millions of people get all worked up to get their taxes filed by April 15 when there’s a perfectly great option that would allow them to take a deep breathe and chill out (just like I do).
The same thing happens every April – the lines grow longer at the post office, people scramble to find receipts and other paperwork, CPA’s stop returning calls because they are too busy. All of that adds up to a giant amount of stress that all can be easily avoided.
And while all of that’s going on, those of us who have filed a tax extension are at home with our feet up, or even better out having a good time.
What would you rather do? Stress? Or realx and pity those poor souls stressing. Seems like an easy choice to me.
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.
Have you ever filed an IRS extension? Thinking about filing one this year? Drop me a note in the comment section below.
