Why File For a Tax Extension?

Are you thinking about filing a tax extension? This is more common than it should be. There are times when you may want to Isp Package the IRS for an extension, and times when this is a waste. You should attempt to file your final tax return on time to make things easy on you and the IRS. This is not always easy, but if you give yourself enough lead time you will find that it can be internet chat rooms than you thought.

Of course, there are millions who file for a tax extension. If you are going to be one of them you need a good reason. Here are a few reasons why you may want to think about filing for a tax extension:

1. You don't have enough time to get everything together. If you are up against April 15 and know that you cannot file your final return the best thing you can do is ask for an extension. It is better to file a tax extension than to sit back and hope that you can get everything together for your final return.
2. You forgot! This may sound stupid, but every year many people forget to file their income tax return. If this happens to you, and you remember before April 15, but not much before, you should file a tax extension.
3. Something held you back from filing your return. For instance, if you got ill and were in the hospital you may not have had time to take care of your taxes. There are some things that are out of your control.

If you are going to file a tax extension you should know that your new due date is October 15. Filing by then will help you to avoid a penalty. Also know that just because you are granted an extension it doesn't mean that you do not have to pay any taxes you owe. The IRS expects you to pay your tax liability by April 15 even if you have until October to file your return.

As you can see, there are many reasons to file a tax extension.

More information on using a Tax Filing Extension.

If you missed the deadline of April 15th and you have Back Taxes, we can help you file and get you the greatest amount of deductions possible or find you the best payment method to pay back taxes owed.

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