What Impact Does Filing a Tax Extension Have on What You Owe?
Despite all of the uncertainty happening outside in the world and inside our businesses right now, there is a bit of silver lining given to us by the IRS, and that’s the 90-day extension to file our taxes on July 15 instead of on April 15.
For a lot of us, the extension feels like we can take a deep, thankful breath, a welcome change especially during a time like the one we’re in now.
So, in today’s episode, we’re talking about what this extension will mean for business owners, especially in the areas of:
So, in today’s episode, we’re talking about what this extension will mean for business owners, especially in the areas of:
- How the extension affects any taxes you owe.
- How the extension affects those who had a March 15 file date deadline.
- Why it may be beneficial to file now instead of waiting until July.
- What documents you need to have readily available when it’s time to file your taxes.
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Creators and Guests
Host
Keila Hill-Trawick, CPA, MBA
Helping entrepreneurs create and maintain the business they want | Building to Enough | LinkedIn Top Voice | Intuit Partner Council | Accounting Firm Owner
