There are times when you cannot file your tax return before the deadline and need some additional time. In such a scenario, requesting an IRS income tax filing extension is an ideal solution that can get you up to 6 months additional time to file your taxes. The procedure to file an extension is simple; you can submit your application online or request the assistance of a tax professional. Requests for extension are automatically granted and there are no qualifications to meet. However, a tax extension does not make any changes to the tax payment deadline, which is generally April 15th. An extension only gives taxpayers more time to file their returns.
Situations Warranting Tax-Filing Extension
Most taxpayers are unable to pay taxes on time due to various reasons that include unforeseen life events that are beyond their control. These include illness, death of a family member, natural calamity, and other such scenarios. That is when the tax attorneys at The Law Offices of Nick Nemeth step in and help taxpayers find their way out of the trouble with the IRS.
Penalties for Late Payment
No matter when taxpayers file their tax return, if they do not pay the tax owed by the standard deadline, IRS penalties and interest might begin to accrue. Even if you are unable to pay taxes, filing a return is a must, as the penalties for failure to file are much more severe than failure to pay penalties.
Need Professional Help with an IRS Extension?
If you need any assistance with federal income tax extensions or any other tax-related issue, feel free to contact The Law Offices of Nick Nemeth. To schedule a free, no-obligation consultation, simply call (972) 426-2553, or fill out our Free Case Evaluation Form.