While you’re still getting used to the New Year (happy 2010 by the way), I thought I’d share a little interesting fact for you to ponder – there are only 100 days until your taxes are due on April 15.
I’m sorry to be the bearer of bad news. But I thought you should know.
Yes, that dreaded day of tax reckoning is going to be here before you know it. And if you’re like millions of Americans, it doesn’t matter if I remind you every day from now until the deadline. You’ll still need more time. That’s why more and more taxpayers (more than 9 million last year) file a tax extension to get an extra 6 months to file their taxes.
This post is the first in a new series that starts today. Over the next 100 days we’re going to count down the Top 100 Reasons to File a Tax Extension. In reality, there are countless reasons to file a tax extension for you or your business. This series is designed to show you that a tax extension makes sense because it will save you time, stress, and even money.
Today’s reason is simple – filing a tax extension is easy. You don’t need an accountant. You don’t need a lawyer. You just need a few minutes and some basic information about yourself like your social security number, your address, and an estimate of how much money you made last year. If you have all of that info, you’ll be well on your we to a new tax deadline of October 15.
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.
