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 #51: even if you’re expecting a refund, you still need to file taxes.
Some taxpayers will deliberately not file their taxes on time because they feel no urgency since they are owed money back from the IRS.
There are two reasons why this is a flawed philosophy. First, if you’re expecting a refund you should actually file early so that you get your money sooner. The IRS won’t just send you a check in April because they know they owe you. Most people know this. They are the ones filing in January and February. But there are others who believe that their money is on the way – regardless if they file any paperwork.
