“Ask and ye shall receive.” Seems a little corny, right? Well, when it comes to doing your taxes, it really is that easy. We all have busy lives and unexpected circumstances abound. Filing your taxes late can result in some hefty penalties – particularly if you owe a bunch to the government. But, don’t fret! There is a solution, and guess what? It’s as easy as saying, “Hey government, can I file a little later this year?” Well, more or less.
What to do
All you really have to do is fill out IRS Form 4868 if you are a person or Form 7004 if you are a business entity. And, voila! You get yourself a tidy little tax extension – the best part? You don’t even need a valid reason for requesting the extension. It’s the government. All they want to know is that their money is coming and that you haven’t forgot about them.
So by filling out these simple forms accurately, you secure yourself an additional 5-6 months to file your taxes. The only down side is that if you do owe, your payments are still due by the original deadlines. If you file your taxes online, some programs provide instantaneous filing and have an added payment feature to ensure your payments get to the IRS before the deadline. File Later is one such entity to help you file for a tax extension.
Ahead of the curve
Why is this program better than the rest? Well, most people that utilize online tax software for filing their taxes are primarily concerned with their personal taxes only. The File Later system also caters to businesses, so if you need an extension for your business taxes, too, we can help you with that in less than 10 minutes. No more waiting for your accountant to get around to your file.
Don’t wait
Many people are forced to wait until just a few weeks before the tax deadline to file their taxes. Waiting for employers, loan holders and the lot to deliver your vital tax documents can take time. The good news is that you don’t need any of those documents to file for an extension. What’s the point? The point is that you can file for an extension as soon as you know you need one. The business tax deadline is in March, but if you know that’s going to be a problem, file for your extension in January, or even earlier!
Tax season can be a very stressful for time for anyone. Don’t let it conflict with a family vacation, a wedding or anything else going on in your life. These tax forms are available for a reason – to help you! Take advantage of these generous extensions to make life a little easier and a whole lot less stressful. With FileLater you can do it all online, from filing for an extension to making a payment before the deadline. This year, don’t let anything or anyone hold you back from getting on top of your tax situation.
