Tax Extension Center continues its 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 #74: your accountant is going to charge you way too much for an extension when you can do yourself.

If you’re going to file a tax extension this year, you definitely should file it yourself. Unless your accountant works for $10 per hour (last I check that is definitely not the going rates these days), you’ll save money. If you use an online IRS extension service, you can save time and money because it’s so easy.

So you have a choice: pay your accountant extravagant fees or save some serious money and file a tax extension yourself in just a few minutes. Then you can still have your accountant file your taxes.

These days most people are looking for ways to save a few bucks (especially during tax time). Hopefully this tip will serve you well.

Have you ever filed a tax extension before? Thinking about filing one this year? Whether you are new to extensions or you file one very year, remember that an IRS 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 March 15 for the corporate tax deadline). 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.

Questions? Feedback? Let’s chat in the comment section below.

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 #47: your accountant hasn’t slept in a week because he’s so busy.

It’s tax season. I know it’s not even March yet, but ask your friendly accountant and he or she will tell you they are already very busy. So busy, in fact, that the days are getting longer and the night shorter. And that means sleep is already at a premium. Imagine how bad things get when all of the procrastinators show up in April.

It may sound like a silly reason to file a tax extension, but that’s the point! You don’t need a good reason. You don’t even need a reason at all. The IRS doesn’t ask for one. Tax extensions are automatic!

So go file a tax extension online this year and bring your accountant a nice little present from Starbucks. They are going to need it.

Maybe you are new to filing a tax extension. 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.

Got any thoughts about tax extensions? Let’s chat in the comment section below.

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.

Here’s reason #32: your accountant told you to file a tax extension.

Whether it’s because life is too busy to file taxes on your own or you just have zero interest in learning accounting and/or tax law, you use an accountant to help file your taxes. And just like any other professional that you hire to give you advice (like a lawyer or a financial adviser), you take serious head to when your account gives you a path for getting your taxes done during the stressful period we all know as tax season.

This year, like a lot of Americans, your accountant has recommended that the best course of action includes filing a tax extension. The extra six months the extension will provide will allow you to do a number of things like gather any missing paperwork, contemplate the ramifications of a recent life change like buying or selling a home or having a child.

If you fall into that category, remember that e-filing a tax extension is a great option. It’s easy and you get a guaranteed response from the IRS.

Whether you are new to filing an IRS extension or you 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. 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.

Have you ever filed an IRS extension to file taxes for yourself or your business? Thinking about filing one this year? Drop me a note in the comment section below.

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 #21 on our top 100 list: you’re going to use your CPA to file your taxes, but right now you can’t afford the rates.

I talk to a lot of taxpayers each year that file tax extensions and this was a very popular reason in 2009 and I expect a lot of taxpayers are going to be in the same situation again this year. The reality is that everyone is looking for ways to cut back these days. Those extra six months that a tax extension provides are just what the doctor ordered. And remember, the IRS doesn’t need a reason for your extension. It’s automatic.

So if you know you don’t want to tackle filing taxes on your own and just can’t shell out the money for your accountant, give yourself some extra time and file a tax extension.

And if you are really trying to save some cash, while not file a tax extension for free right now? FileLater is offering free tax extensions for both individuals and businesses for a limited time. That’s an awesome deal.

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.