When Should You File a Tax Extension?
Every year, April comes around and there are many people who have not paid their taxes in full. If you have reached the end of the tax season and still need more time to file, there is a solution for you.
What if I Can’t Pay My Taxes?
Filing a tax extension gives you more time to work on the paper trail for filing your taxes. It does not keep you from having to pay your state and federal taxes on time. Each state and the IRS have their own systems in place to help you if you have a tax bill that is too heavy to pay all at once.
If this is something you worry might happen now or in the future, monthly or quarterly tax payments can help you avoid a costly one-time fee in April.
For more information on taxes, on extensions, or on setting up payment arrangements with the IRS or specific state agencies, please request an appointment with one of our tax advisors today via phone or the following form.