The deadline to file your taxes is almost here. If you are among those who can’t file their tax return by May 17, don’t worry. You can request an extension file that will give you more time to prepare your return. Keep reading to learn more about this useful alternative.
What Is an Extension to File?
An extension to file allows you to file your tax return after the official deadline. In this case, an extension would give you until October 15, 2021, to file your taxes.
To request an extension to file, you must do one of two things:
- File form 4868 (you can request assistance from a tax professional if you are not sure how to do it)
- Send an electronic payment via Direct Pay, debit card, or credit card indicating Form 4868 or extension as the payment type. Also in this case, a tax professional can offer expert assistance if you need help.
Remember: an Extension to File Is Not an Extension to Pay
If you want to request an extension to file, the key is to remember that an extension to file is not an extension to pay.
This means that even with an extension to file, you should pay your taxes by May 17 in order to avoid penalties and interests.
It’s worth keeping in mind that some people get more time to file and pay their taxes. This includes victims of disasters, as well as members of the military, and eligible support personnel serving in combat zones.
Need Help With Your Tax Return? Contact the Tax Experts at Delgado’s Insurance
If you are looking for assistance with your 2020 tax return or your stimulus payment, contact our experts at Delgado’s Insurance. Our mission is to help you make sense of your options to reduce your liability and maximize your deductions while staying compliant with all relevant laws and regulations. We have locations in Riverside, California, and Bloomington, California. Contact us today by telephone (951-361-0084, 909-421-9003), email (email@example.com), or through our social media accounts (Facebook, Twitter) to get a free quote and learn more about our wide array of services.