Don’t panic. Don’t overpay.
Extend Your Tax Return through October 15th
Racing to file your taxes can feel overwhelming, but ignoring the tax deadline can be a costly mistake. If you owe tax, and don’t pay or file, you will be subject to the Failure to File Penalty (up to 25% of taxes owed!) Fortunately, filing an extension prevents this penalty, and may result in more savings on your tax liability by giving you extra time to claim every credit and deduction you are entitled to.
Why should I file an extension?
Filing your taxes can be stressful. We get it. Your life has gotten busy, and you’re overwhelmed by a mountain of complicated financials. Giving yourself extra time helps you avoid mistakes and minimize your tax liability.
Thinking of getting a tax extension? You’re in good company!
Let’s look at three common scenarios for people who file for tax extensions. In each case, extending their tax deadlines saved them money.
Meet Eddie, a hard- working plumber who goes to work every day, pays his bills and supports his family.Last year, Eddie’s daughter was hospitalized 2 weeks before the tax deadline, and between going to work and giving his child the attention and care she needed, he simply didn’t have time to prepare his taxes.Eddie knows that each year he owes about $10, 000 in taxes, and he’s able to pay, but he knows he’ll never meet the filing deadline.
Fortunately, Eddie did the right thing and took a few minutes to file for a tax extension.When he finally filed two months later, he found that his actual liability was $11, 500! If he hadn’t filed an extension, he would have owed an exorbitant Failure to File Penalty.
Eddie just saved himself $1, 150! *
The IRS rejects only a small percentage of tax extension applications, with the vast majority of rejections being because the information provided didn’t match the IRS records. As long as the data you provide the IRS matches what they have on file for you, you’re practically guaranteed to be approved for an extension.
When your extension form is submitted, you will receive a confirmation almost instantly, informing you that your application has been received. Once your application is approved, you will receive an additional confirmation from the IRS, usually within 24 hours. Note that ONLY those who file their extension application electronically will receive IRS confirmation.
As an Authorized IRS e-file Provider, we are part of a select group of tax professionals that have been accepted into its electronic filing program. As part of this program, we are required to complete testing with the IRS every year to ensure that our software is operating correctly and that we are following best practices for your security.As an Authorized IRS e-file Provider, we are part of a select group of tax professionals that have been accepted into its electronic filing program. As part of this program, we are required to complete testing with the IRS every year to ensure that our software is operating correctly and that we are following best practices for your security.
As an Authorized IRS e-file Provider, we are part of a select group of tax professionals that have been accepted into its electronic filing program. As part of this program, we are required to complete testing with the IRS every year to ensure that our software is operating correctly and that we are following best practices for your security.As an Authorized IRS e-file Provider, we are part of a select group of tax professionals that have been accepted into its electronic filing program. As part of this program, we are required to complete testing with the IRS every year to ensure that our software is operating correctly and that we are following best practices for your security.
The software and customer support are the best. I had a number of different forms to fill out and they walked me through all of them. Would recommend.
Very impressed with this co. It was easy to file an extension and the professionalism is outstanding. Response to my questions were very quick. I highly recommend! Good job!
These guys do a great job we had a problem with the extension and it was resolved asap, very organized site. I was a super concerned, but they do a great job.
