As practitioners throughout the United States reflect on tax season 2017, the last detail they might consider is whether more clients should be encouraged to file an extension
Even if you didn't file an extension
, you have plenty of time to file if the IRS owes you a refund.
A reputable preparer will ask to see a taxpayers records and receipts and can help file an extension
to give the taxpayer time to collect any missing documents.
For example, an individual taxpayer who is eager to file by April 15 because he is expecting a refund may want to file an extension
to October 15, which may allow him to correct any errors made on the original return by use of a superseding return.
For future years, taxpayers who receive PTC and elected in the prior year to receive a portion of their PTC to reduce their monthly medical insurance payments will need to either file their return by April 15 or at least file an extension
by April 15.
Still, Gregory conceded that she didn't have a very good alibi for needing to file an extension
on paying her taxes.
File an extension
by Friday, cautioned IRS spokesman Victor Omelczenko, and then debate the details later.
com/get-bigger-tax-refund-2016-claiming-these-credits-deductions-2210356) maximizing your deductions , you can file an extension
online through the IRS Direct Payment site as long as you can pay some amount toward your bill.
In December 1999, the accountants advised the client of the built-in gains tax liability and for other reasons recommended that the client file an extension
of time to file taxes (Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns).
If you miss the deadline and don't file an extension
request, you'll receive a penalty ofA 5 percent of the tax owed (http://www.