This is the latest post in Tax Extension Center’s daily series of The Top 100 Reasons to File a Tax Extension. Our goal is to educate taxpayers that filing a tax extension can be a valuable tax season option for you or your business because it saves time, stress, and even money.
Here’s reason #81: a tax extension can be e-Filed directly to the IRS.
The coolest part about e-File is that your tax form (in this case either an individual tax extension or a business tax extensions) gets sent right to the IRS. There’s no Postal Service involved, no intermediary whatsoever. You send it, the IRS receives it.
Authorized e-File providers (like FileLater for example) are essentially the vehicle setup for you to make submitting a form like a tax extension possible. FileLater takes your request and then send it immediately to the IRS via the connection they are given because they have been granted Authorized Provider status.
The bottom line: e-File makes filing a tax extension EASY!
Ever filed a income tax extension? Whether you are new to tax extensions or you are one of the 15 million invidious and businesses that file one very year, remember that income tax extensions do not give you more time to pay what you owe the IRS for income taxes. You are still responsible for paying what you owe by midnight on April 15 (or March 15 for the corporate taxes). An extension gives you more time to file the necessary tax forms you’re supposed to file. Failing to make your payment on time could make you subject to tax extension penalties and interest.
Have any questions or feedback about tax extensions? Let’s talk about it in the comment section below.
