Tax Filing Extension
Moderator: Mark T Serbinski CA CPA
Tax Filing Extension
Other than having to pay interest on any unpaid tax owing, are there any downsides or problems with filing a 4868 and taking the 6 months extension period for filing a 1040 ?
Re: Tax Filing Extension
there are downsides for NOT filing the extension if you owe taxes, including penalties. Also, some forms are required to be filed "timely", which is only true after April if you DO file the extension.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing