How to File an Income Tax Extension

Part of the Video Series Advice for Your Income Tax Deductions

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Learn from our expert about income tax extensions and how to file one in this free educational video on about understanding your income tax deductions.

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How to File an Income Tax Extension
Hi Tom Choisnet again this time I'm going to talk about filing an extension I'm sure at least once in your tax filing career you had the time where you just couldn't get around getting your things together for the tax guide. Or maybe you waited a little bit to far into April to give the man a call or perhaps he was booked to the wire and you didn't know it. You don't have any fear about that today's extensions are good until October that's right you get automatics 6 month extension to file your taxes and all you have to do is tell your tax man. You do have to pay any taxes that might be due so give it your best guess and send some money with the extension and you won't have to pay any interest on your late payment. Filing your extension does eliminate the penalty for late filing so if you quit don't have it quit together, file that extension and your good until October, thank you.

About the Expert

Expert: Tom Choisnet He has been in self-employed tax practice for over 40 years and he has been an enrolled agent since 1968. He has prepared over 35000 tax returns. Read More