The C corps & Individuals deadline is October 15. Now’s the time to let the experts take over. Our platform offers personalized, hassle-free support to file your taxes accurately and on time.
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Are single or have a family
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Complex individual plans starting at $350 if you:
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Rent or own a home
Want to take advantage of deductions
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There are several reasons to file ahead of the tax extension deadline:
Avoid late penalties: If you owe taxes and miss the extended tax extension deadline, you’ll be hit with the failure-to-file penalty.
Minimize accrued interest: If you haven’t paid your taxes, you’ll accrue interest, adding to your tax debt. Filing before the tax extension deadline can prevent penalties.
Impacts your business operations: The IRS can take action against your business’s assets if you fail to pay taxes. Filing on time, even with a tax extension, ensures better protection for your business.
If you miss the tax extension deadline of September 16th or October 15th, you may face penalties for late filing. Interest will continue to accrue on any unpaid taxes. It's crucial to file your return as soon as possible to minimize these penalties.
Unfortunately, no. The IRS does not grant second extensions beyond the September 16th or October 15th deadlines.
Yes, an extension only delays the filing of your return, not the payment. You must pay any estimated taxes by April 15th to avoid penalties and interest.
If you file your tax extension electronically, you should receive a confirmation from the IRS that your request was accepted. If you file by mail, it may take a few weeks to receive confirmation. It's important to keep a copy of this confirmation for your records.
No, the IRS does not require you to provide a reason for requesting a tax extension. As long as you submit IRS Form 4868 by the April deadline, your extension will be granted automatically.
Yes, US citizens and resident aliens living abroad are eligible for an automatic two-month extension, pushing the original April deadline to June 15th. You can still file for the regular six-month extension if needed, moving your deadline to September 16th or October 15th.
Even if you can't pay the full amount you owe, it's important to file for a tax extension and pay as much as you can by the April deadline. You can work with the IRS to set up a payment plan to pay off the remaining balance over time.
Yes, you can file your tax return anytime between the original April deadline and the October 15th extension deadline. Filing earlier can help you get any refund you're owed sooner.
No, there are no penalties for filing a tax extension as long as you file your request by the April deadline. However, if you owe taxes and do not pay by the original April deadline, you may incur penalties and interest.
Filing for a tax extension does not increase your chances of being audited. The IRS uses random selection and computer screening for audits, and extending your filing time has no impact on this process.
If you need to correct or add information after you've filed your tax return, you can file an amended return using Form 1040X. You can do this even if you originally filed for an extension.
Yes, businesses can also file for a tax extension. The process is similar to personal tax extensions, but businesses use Form 7004 instead of Form 4868. The extended deadline in 2024 for partnerships and S corps is September 16, while the deadline for C corps and other businesses is October 15.
Not necessarily. While some states automatically grant an extension if you file a federal extension, others may require you to file a separate state extension form. Be sure to check with your state's tax agency for specific rules and deadlines.
The September 16 tax extension deadline only applies to people who operate S corporations or partnerships.