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.
Reason #22: life is just way too complicated these days and you can’t get all of the paperwork together in time.
When was the last time you bumped into someone and they told you that their life was simple and not that busy? Maybe never?
We all like to wax poetic about how complex our lives are these days. But the truth is…they are super complicated! Between our jobs and our families, there aren’t too many spare hours in a month, let a lone a day. And when we do get that spare time, the last thing most of us want to do is spend is searching for tax forms. Booooorrrrriiiiiinnnnnggggggggggg!
That’s why giving yourself or your business more time to get your paperwork together by filing a tax extension is a great option for more and more people every year. Those extra six months are extremely helpful for everyone – even the people that say their lives are complicated even though they really aren’t.
Whether you are new to tax extensions or file one every year, 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 (or in the case of a corporate tax extension March 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 penalties and interest.
Have you ever filed an extension to file taxes for yourself or your business? Thinking about filing one this year? Drop me a note in the comment section below.
