April 15th is coming around, and if you’re feeling the pressure to get your information organized and your taxes filed, you’re not alone. How would you like an extension on your taxes? What about having until October 15th?
Filing for an extension on your taxes gives you six months to prepare better in order to file properly. But wait, don’t you need some sort of crazy reason, like a plane landed on your house, in order to get that extension?
Nope! In fact, the IRS doesn’t even ask you for the reason you need an extension. As long as you provide accurate information when you file your extension request, it’s granted automatically.
So, how do you go about filing for such an extension? Well, the absolute easiest way to do so is to file for an extension online. Using an IRS approved provider, like FileLater.com, you can complete the entire process of filing for an extension in 10 minutes or less, depending on how long it takes you to get the information needed.
Yeah, it’s that simple. The best part is that FileLater.com will send you an email the next day letting you know if you’ve been approved for your extension or not, and if you haven’t, they’ll help you file again (With no additional fee), and help check to make sure everything you’ve filed is accurate.
FileLater.com even makes the hardest part of filing for an extension a little easier. Their online calculator helps you figure out if you’re going to be owed a tax return this tax year, or if you’re going to owe the government money. This lets you figure out if you should send the IRS money or not (If you do determine you’ll owe additional taxes, you can send in a check or pay directly from your bank as part of your e-file).
Don’t forget that filing for an extension on your taxes doesn’t mean that you have an extension to pay the taxes due. If you do owe additional taxes to the government, and don’t pay them when you file your extension, you’re going to be subjected additional penalties and interest on that amount! Many people ‘forget’ this fact, or don’t realize it, and end up making a huge mess out of their taxes.
So, do yourself a favor. If you need the time, take a few minutes out of today and file for an extension. You have until midnight on April 15th to file, and if you’re denied, until April 20th to correct any errors that may have happened and reapply. Make your life a bit easier, and file!