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 #52: as long as you know your name and Social Security Number, you can’t be rejected.
We’ve mentioned before in reason #3 – a tax extension is automatic – you don’t need a reason to file a tax extension. The IRS doesn’t ask you for one.
Reason #52 is related to #3. The only way your request for a tax extension can be rejected is if the combination of the name (and it helps if you spell it correctly) and Social Security Number you’ve put on the form matches what the IRS has on file, you’ll get that extra 6 months to file or taxes. Yes, it’s really that easy.
I can tell you from experience of being with FileLater that most cases of people making an error filling out the form recently changed their name. A newly married woman, for example, who’s using her husband’s last name may not have updated her name with Social Security. That causes the request to be rejected.
And by the way, if you use an e-file provider to file your tax extension you can refile it again to get it accepted.
With such a low chance of rejection, a tax extension is a simple way to give yourself more time to file taxes.
You might be considering filing a tax 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.
