Tax Day, which this year falls on April 18, is just around the corner. Are you ready to file your taxes? If the answer is a panicked “No!” don’t worry: in today’s post we tell you everything you need to know about filing extensions.
What To Do if You Can’t File Your Taxes on Time
We live in a time when things move fast. Get distracted for a minute, and before you know it, Tax Day is less than one month away and you’re not ready to file your tax return.
Sound familiar? Then we have good news for you.
If you can’t file your taxes on time, you can request a filing extension that will give you a whopping six months (that is, until October 17, 2022) to file your return.
Needless to say, this is a great option for those who have fallen behind in preparing their taxes. However, there are a couple of caveats to consider.
What You Need To Know
First off, remember that an extension to file is NOT an extension to pay.
This means that even if you get an extension, you still have to pay your taxes by April 18. To do this, you have to estimate your taxes and make the payment before the due date.
The other important thing to keep in mind is that in order to get an extension, you have to request it no later than the original due date for your return.
One of the easiest ways to request a filing extension is by making an electronic payment to the IRS indicating that it’s for an extension.
If you need help filing your taxes or have questions about filing extensions, don’t hesitate to contact the experts at JT Tax Services.
We’ll be happy to offer the knowledgeable, efficient tax assistance you need.
File Your Taxes With JT Tax Services
At JT Taxes, we have made it our mission to take the stress of tax filing off your hands so you can focus on what matters most to you.
We maximize your refund and help you stay compliant with all applicable rules and laws. We are located in Oxnard, California. Contact us today by email (firstname.lastname@example.org), telephone (805-984-8890), or through our social media accounts on Facebook, Twitter, and LinkedIn to schedule a consultation or to learn more about our wide array of tax services.