Should you file for an extension?
Whatever your strategy is for taxes, whether filing your tax return on April 15th (March 15th for S-Corps) or filing for an extension, make sure you file SOMETHING.
Not doing so means MUCH higher penalties.
And for your tax liability due on April 15th, work with a qualified tax professional to arrive at an approximation of your ultimate tax liability.
Today's video:
1. The implications of filing for an extension
2. The top 5 reasons a business owner may want to file an extension
🌴 🌴 This is not tax advice. Please consult with a qualified tax professional for specific advice on your situation. If you need help finding one, please reach out. I'm happy to make introductions.
