Tax and Money Tip this Week:
It is “Ok” to File for an Extension
March 23, 2016 | No. 277
Please take notice of our office closing date. Our office will be closing at 6:00pm on Friday, April 15th and will not reopen until Wednesday, April 20th, 2016.
If you haven’t filed your tax return by now, you should probably consider filing for an extension.
To file for an extension, you simply need to submit Form 4868. Submitting this form will give you until October 15th of that year to file your returns. However, an extension of the time to file is not an extension of the time to pay. If you think you will owe taxes, you must send a payment along with the extension. This applies for your federal and state tax returns.
Mark Vitek, CPA/PFS, CFP®
…until next week.