Do Tax Extensions Make the IRS Angry?

 While deciding whether to file for an income tax extension, many taxpayers wonder if the IRS frowns on this sort of thing.

It is only natural to wonder. In most situations, you are penalized for lateness and past-due account in one way or another. Submitting a proper tax extension, however, means that you’ll have six extra months to file your tax return ― and you don’t have to worry about IRS late fees or interest charges. (Note that a tax extension only extends your deadline to file, and you must still pay any taxes owed for that year by the original due date of your return.)

In fact, many professionals believe that filing an income tax extension actually makes you less likely to be audited by the IRS. This is presumed because most IRS agents are busy filling their audit quotas in March, April, and May ― although the IRS won’t tell anyone their secret.

The IRS Doesn’t Care If You Request an Income Tax Extension

The IRS does not ask for a reason when you file for a tax extension. They will automatically grant a six-month extension to anyone who submits their request properly.

Some people think that tax extensions are only for procrastinators who can't get themselves together in time ― but you'd be surprised by how many individuals and businesses routinely file for tax extensions. Besides, you never know when something might occur that demands your time.

There are many reasons to request a tax extension, including the following:

• If someone else failed to provide the proper paperwork that you need (such as a W2 or 1099 tax form) in order to file on time
• If you experienced some life changes (such as marriage, divorce, or having a child) and you are now faced with a new set of tax requirements, tax credits, tax deductions, and tax forms to deal with
• If your accountant (CPA) becomes overwhelmed with other clients ― who are before you in line
• If you couldn’t find a good accountant or tax preparer at all
• If you tried using tax software, but it didn’t work out for you
• If you’re just a procrastinator

No matter what your particular motive is, remember that the IRS doesn’t care (and doesn’t ask) why you’re filing for a tax extension. As long as you fill-out the form correctly (Tax Form 4868 for individuals, Tax Form 7004 for businesses) the IRS will automatically grant your request.


File Your Tax Extension Online Now!

Now that you've decided to file for a tax extension, you can request it online in just minutes. File your extension right here at FileLater.com.The FileLater system will automatically check your form for mistakes to ensure a smooth submission. You will also be notified as soon as the IRS approves your extension.

If your tax extension request is denied for any reason, FileLater will tell you why. You will also be able to make any corrections and re-submit your extension at no additional charge.

Don't wait another moment! It’s easy to file an income tax extension with FileLater.