TMTW #477 – It is “OK” to File an Extension

Tax and Money Tip this Week:
It is “OK” to File an Extension
March 25, 2020 | No. 477

Please take notice of our office closing date. Our office will be closing at 6:00pm on Tuesday, April 14th and will not reopen until Monday, April 20th, 2020 at 9am.

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.

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site.
We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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