MyInstantCashAdvance.com Releases a 3 Step Guide to Getting a Tax Extension
The deadline for filing federal tax returns has almost arrived with a significant number of people incurring penalties in the past for not lodging on time and will do so again this year.
The IRS provides a facility for lodging a tax filing extension giving people an additional 6 months to file their returns. It is a common misunderstanding that filing an extension means individuals have more time to pay any income tax owing.
This occurs because when submitting an extension there is no obligation to pay any more than the minimum amount. MyInstantCashAdvance.com has created a 3 step guide (http://myinstantcashadvance.com/3-Steps-to-Get-a-Tax-Extension-Now.pdf) on how to apply for a tax extension.
The key points being:
- Ensure accurate information is submitted
- Make an effort to accurately estimate tax owed
- Pay at the time of extension to avoid large interest penalties
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