Stay Ahead of the Tax Deadline: Get an Extension Today
Important Information for Taxpayers
With the April 18, 2023 tax deadline fast approaching, the Internal Revenue Service (IRS) urges taxpayers who need more time to file to take advantage of the automatic extension option. An extension allows you to delay your filing deadline to October 16, 2023.
How to Get an Extension
Obtaining an extension is a simple process. You can do it electronically on the IRS website or by filing Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Note that you must estimate your tax liability on the form and pay any amount due to qualify for the extension.
If you cannot file your return by April 18, it is crucial to file for an extension to avoid penalties and interest. An extension is not a way to avoid paying your taxes, but rather a way to gain additional time to complete your return accurately.
Benefits of an Extension
An extension provides numerous benefits, including:
- Extra time to gather necessary documents and complete your return
- Reduced stress and anxiety associated with meeting the April 18 deadline
- Protection from penalties for late filing (provided you file by October 16)
Resources for Taxpayers
The IRS website offers a wealth of resources to assist taxpayers in filing their returns, including:
- Online filing tools
- Interactive tax assistant
- Tax forms and instructions
- Customer service support
Don't Delay, File Today
Remember, the April 18 deadline is quickly approaching. If you need more time to complete your return, don't hesitate to file for an extension today. By doing so, you can secure an additional six months to prepare your return and avoid potential penalties.
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