Tax and Money Tip this Week:
It is “OK” to File an Extension
March 27, 2019 | No. 427
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.