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Need An Extension?1 min read
You are probably aware that the federal government has given you a few additional days to file your tax return this year. April 18th is the due date for filing your 2010 tax return. If you won’t have all your tax information assembled in time to meet the filing deadline, getting an extension will give you an extra six months – until October 17, 2011 – to file your return.
Over the years, the IRS has made requesting an extension easier. The extension is automatic; you simply have to file Form 4868 with the IRS by the April 18 filing deadline. Be aware, however, that an extension to file does not extend your time to pay. The IRS will still assess interest on any unpaid tax balance. In addition, unless you pay at least 90% of your estimated tax liability by April 18, you may be hit with a late-payment penalty.
If you are not able to file your return by April 18th, please contact your CPA or Simons Bitzer at (317) 782-3070 for assistance.
By Simons Bitzer
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