People apply for tax extensions for a wide array of reasons. Whether it be personal illness, family tragedy, financial hardship or some other type of emergency, tax extensions are not uncommon. If you are in a situation where you need to file a tax extension, you should consider consulting a professional first. Not everyone knows how to file a federal tax extension, but we can help you every step of the way. At Community Tax, we have a team of professionals consisting of qualified accountants, CPAs, tax attorneys and enrolled agents will help you file your taxes with no hassle for you. No matter your predicament, we’re here to offer seamless tax preparation and tax resolution services. The Purpose of a Tax Extension Tax extensions are meant to allow taxpayers more time to gather all of their necessary information so they can file a complete and accurate tax return—without making mistakes or missing pertinent information. However, some people procrastinate and use the extended due date to delay their responsibilities. If you’re able, avoid this route as much as possible. Extending the due date without paying careful attention will only result in higher fees, penalties and accrued interest on any due taxes. Who Can Get a Tax Extension? Anyone can get a tax extension. You’re eligible for an automatic six-month extension for your federal income tax return so long as you submit an IRS Tax Form 4868 – Application for Automatic Extension of Time to File US. Individual Income Tax Return. Note that this is an extension to file the return, not an extension to pay any due taxes. This means that you’re responsible for any taxes due in the six-month period. When you submit an IRS Tax Form 4868, we advise that you include payment for any due taxes to avoid excess penalties, interest and late fees that will otherwise accumulate over time. As long as you submit the IRS Tax Form 4868 before April 15 (this past year was the 17th), you’re eligible for an extension. How to File a Tax Extension At Community Tax, we make the tax extension submission process easy. When you come to us, we’ll speak with you about your current financial situation, your options and the best course of action. If we decide that a tax extension is the best course of action then we’ll take care of all the busy work for you. We choose one of three ways to get you a tax extension. You can file a paper Tax Form 4868 by mail, e-file the Tax Form 4868 online or pay all or part of your income tax that you expect you owe with a credit or debit card using the Electronic Federal Tax Payment System. We will go over your options with you and teach you how to file a tax extension online. Recall that tax extensions allow for more time to file your income tax return, but don’t extend the timeline to pay any taxes you owe for that year. No matter your circumstance you’re expected to pay your income taxes to the IRS on time, lest you suffer from penalties and interest. Do not use this as an option to avoid paying your taxes, as this will only make your situation worse. If you need help, reach out to our tax professionals at Community Tax to take advantage of our no-hassle tax resolution services. If you need more time to get your tax information, don’t hesitate to consult with us about a tax extension. Don’t put off your taxes to the last minute; we are here to help you along the way. Preparing Your Taxes with Community Tax If you choose to work with us earlier in the tax season, you may not even need to submit a tax extension. We make the tax preparation process simple and efficient so you can rest easy. The team of experts at Community Tax has worked with thousands of individuals and businesses to help them successfully file their taxes. We are dedicated to providing affordable tax preparation services that make your tax extension a success. Don’t worry about IRS penalties and surprises with our team by your side. We offer one flat fee for our services. At Community Tax, we believe tax filing services should be affordable. That’s why we tailor our services to accommodate your budget, whether you have a tax extension, tax levy, garnishment, or accounting and bookkeeping needs. Our dedicated team of professionals is here to help you every step of the way toward your goals. Below is a step by step guide to how we help you prepare your taxes during the tax extension process.
- Build a Professional Relationship
- Ask you Simple Questions
- Investigate Your Taxes
- Analyze Your Financial Information
- Submit Tax Form 4868 for Tax Extension (if Necessary)
- Resolve Any Tax Issues
- Provide Any Further Financial Assistance