Have You Filed Your Tax Extension Yet?
by Byrne Hobart
The smell of fall is in the air, which means the smell of rising panic over the tax extension deadline is approaching! For those of you who had the foresight to miss the April 15th deadline, but fill out the extension form, your time is almost up!
And for those of us who work in the tax biz, it’s our time to contemplate the value of a tax extension. Me? I’m all for them. I think people shouldn’t be penalized for missing deadlines, nor do I think the government should be allowed to slam you with high interest fees the second your taxes are past due.
The thing that always fascinates me about extensions is how few people seem know about tax extension availability and its simplicity to file. One tax form, that’s easy to fill out, can prevent you from having to worry if you forget to do your taxes until the 15th.
Oh well. I haven’t had to file an extension for myself in a long time, but I know lots of accountants who are neck-deep in them right now. How about you: have you ever filed a tax extension?