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Why You Should Never File a Tax Extension Again

March 15, 2016 /

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Are you going to file a tax extension again this year? Are you pissed about it? If you are in the habit of filing a tax extension each year, you are not alone. According to the IRS, 20 to 25 percent of taxpayers put off their taxes until the final two weeks of the tax season. Additionally, 7% of taxpayers file for an extension each year. However, did you know that a tax extension is an extension on the filing date, but not the due date? That means you may still be subject to penalties and interest even if you file a tax extension.

So why would you ever file a tax extension? Below is a process you can follow so that you never have to file a tax extension again.

Author: Matt Roberge

Full Story: http://www.slcbookkeeping.com/blog/how-to-never-file-a-tax-extension-again

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