Ideally, you should pay your complete taxes by the April due date. Having filed a tax extension, you can file your return anytime before October 15. This means that you have to pay your taxes in part or whole, before the April deadline. It does not extend your tax payment due date, which remains April 15, or April 17, as it is this year. When you file a tax extension, you just get an extra six months (as an individual taxpayer) to file your return. The word ‘extension’ often dupes many into believing that it gives them extra time to pay their taxes. The term ‘tax extension’ is a source of great confusion for many. ![]() However, remember to apply for an extension before the due date of April 17, as you will not be allowed to do so after this date. If you think you will be unable to file your federal individual income tax return by this deadline, it is advisable to file for an extension. For the year 2012, the deadline to file your tax return is April 17, courtesy April 15 being a Sunday, and April 16 being Emancipation Day. This article clears the air on all the misgivings associated with filing a tax extension.Īs April 15 draws closer, many taxpayers clamber to file their federal tax return every year. All you need to do is understand the instructions and follow them meticulously. ![]() ![]() Filing a tax extension is not rocket science, really.
0 Comments
Leave a Reply. |