The April 18 tax deadline is coming up. If you need more time to file your taxes, you can get a six-month extension from the IRS.
More time to file is not more time to pay. An extension to file will give you until Oct. 17 to file your taxes. It does not, however, give you more time to pay your taxes. Estimate and pay what you owe by April 18 to avoid a potential late filing penalty. You will be charged interest on any tax that you don’t pay on time. You may also owe a penalty if you pay your tax late. Interest is normally charged on any unpaid tax.
If you need an extension, but think you might owe tax for 2015, contact AA Tax CPA today for help!