Filing a Tax Extension? Avoid This COSTLY TRAP 

It Is 😊

Where did u go? If u don’t mind me asking?

@@mathapelo802 a CPA that does our taxes. Every year we file extension and pay anything left over after they are done.

But when you finally pay, don't they hit you big interest that started to accumulate on april 15th till the day you paid?

@@Bizzare77777 no! Just paid the bill. That’s it.

Probably not a good idea to spread misinformation. The IRS website specifically says,”An extension of time to file your return does not grant you any extension of time to pay your taxes. “. Please don’t confuse people.

it wont give you interest, the money you overpaid will show up in your tax return.

I was thinking this… what about those that don’t owe but need an extension?

This! I’m waiting on paperwork, but have done the calculations and definitely will not owe- how can I file the extension???