YouTube video by Donna Genie advising taxpayers and accountants to file tax return extensions. The speaker argues many accountants now file mandatory extensions to reduce rush, ensure all deductions are claimed, and lower audit risk; she emphasizes that extensions do not delay the April 15th payment deadline. The piece is practical advice aimed at taxpayers and small-business clients.
April 15th.
Hi there. It's tax time, and everybody's got April 15th on their mind. But a lot of people say, yeah, no worries. I'm going to file an extension. I'm sure that you've probably had a little more trouble this year finding accountants who will handle taxes. Many accountants have decided that the stress and strain it puts on such a tight window is just too much. And honestly, a lot of tax returns are really underpriced for the knowledge that it takes to complete those returns. With tax returns pressurizing all of the time frame it takes to do the returns and prepare them appropriately, many accountants have moved to filing extensions. I file a mandatory extension for every client we have. It does a couple of things. First, it eases that pressure to make sure that we have all of the deductions to offer you so you can pay the minimum taxes possible. Secondly, it also reduces your chance of audit, believe it or not. So I do suggest everybody file an extension, however, most importantly, and write this down. If you owe money, there is no exception for the time frame to pay the money in. The money is always, always due on April 15th. You can't delay that time frame.
