Benefits of Filing an IRS Tax Extension
It is becoming increasingly popular to file a tax extension in order to gain a little extra time to organize a tax return for businesses, nonprofit organizations, and personal returns. Many CPAs and tax preparers make it a regular practice to automatically apply for tax extensions for their clients because it gives them more time to organize the tax returns and other accompanying documents.
One simple reason for the popularity of the tax extension is that it does not increase taxes due. The IRS does not raise taxes or impose any penalties for a person or business that files for a tax extension.
Any taxes due must still be paid by the traditional April 15 deadline, but with a tax extension, the completed return does not need to be filed until October 15. This 6 month extension allows tax preparers and others to get the most out of any credits and refunds.
One of the easiest ways to apply for a tax extension is through ExpressExtension.com. The Fast and Easy-To-use System makes tax extensions simple and easy. The entire process takes only a few minutes to complete. If you have any questions about filing Tax Extensions, you can contact the Express Tax Support Center in Rock Hill, SC at 803-514-5155 between the hours of 8am – 6pm EST, Monday through Friday or email [email protected].