How to File a Tax Extension
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The tax return filing extension is very limited. It buys you more time to file your return, but it doesn't help with other things. As mentioned earlier, you still have to pay any tax owed by the original due date. It also doesn't delay the payment of estimated taxes, give you more time to contribute to an IRA or health savings account, or extend any of the other April 18 due dates. After April 18, married couples can't file amended separate returns if they previously filed a joint return. A filing extension also doesn't give security traders more time to make a mark-to-market election.
Avoid the Hectic Tax Season
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By the way, if you own a business, you’ll need to fill out Form 7004 (it’s a little more complicated). However, if you can’t pay your taxes in full, you may qualify for an IRS Installment Agreement payment plan. These plans allow for up to 72 months to pay any balance you owe. Ask your Tax Pro about applying for an Installment Agreement plan.
How To Request a Tax Filing Extension
We do not control the destination site and cannot accept any responsibility for its contents, links, or offers. Review the site's security and confidentiality statements before using the site. Pay by April 18, OSP file ext 2023 to avoid penalties and interest. Use these resources along with a comprehensive internal analysis by your small business accountant or accounting team.
