Time to file a tax extension

(Metro Creative Connection)

Spring is in the air. For me, it just means that the tax season is nearing its end, and I’m switching my focus from filing returns to filing extensions for my clients.

Many of you may have to put it off until the last minute and file something before the tax return deadline of Tuesday, April 18, 2023. Even if you are unable to complete your tax return because you are missing certain documents, have health problems, or have other problems, you are still required to take certain actions by this year’s slightly extended deadline of April 18. steps should be taken to avoid additional interest or penalties.

The first step is to ensure that the IRS Form 4868 Application for Automatic Extension of Filing Time for U.S. Individual Income Tax Returns is filed by mail or electronically. This must be completed by April 18th to avoid late submission penalties. This form can be submitted electronically or mailed as a payment slip for extended payments.

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