October 16 is the deadline to file tax extensions for personal returns and C-corporations. An extension only delays paperwork, not the April 15 payment deadline, so taxes owed are still due then. Get your documents to your accountant now to avoid costly mistakes.
The filing extension deadline is almost here. The extension deadline to file S corporations already happened in September, and now we have until October 16th to file the extension for your personal return, or if you file C corps. Now, as a reminder, if you owed taxes, the IRS always expects those taxes in April 15th. The 6-month extension is just for filing. Basically, the IRS says, hey, we're happy to put off doing paperwork, but we want the money now. Don't wait until the last minute to file your taxes. Please get us your information as soon as possible. If your accountant is asking for something, they need to finish up your tax return in order to file on time. Also, wait till the last minute, like anything, if you rush at the end, higher likelihood of mistakes happening. So please get your accountant information. Great time of year as extensions pass to do a year-end planning. Download the guide below in the link for 28 ideas on what you can do for your year-end planning to save taxes.
