EP06 | The October 16th Individual Tax Extension Deadline is Coming. Are You Ready?

Scenario ... You filed an individual tax extension back in April and you forgot about it until you got that call or email from your tax preparer reminding you the October 16th deadline is coming up!  What’s your next step going to be and are you ready to file!? If this scenario sounds like you and you’re stumped on what filing that tax extension really meant, let’s talk about it. Join us on the latest Beyond the Receipts episode as we dive into the nitty-gritty details of filing tax extensions.  I’ll be discussing some of the lesser-known aspects and common misconceptions many taxpayers get wrong.  We’ll also be discussing how even when you file an extension that the possibilities of penalties and interest still exist on any unpaid tax.  Learn more on how to minimize these after filing your extension.   Links: Follow The Tax Minded Bookkeeper on Instagram: https://www.instagram.com/taxmindedbookkeeper/ Follow The Tax Minded Bookkeeper on Facebook: https://www.facebook.com/bbizsolution Check out the website: https://bbizsolution.com/ Tax Resources & Free Downloads: https://bbizsolution.com/resources IRS Payments: https://www.irs.gov/payments IRS Tax Return Extension: https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return Failure to File Penalty: https://www.irs.gov/payments/failure-to-file-penalty Failure to Pay Penalty: https://www.irs.gov/payments/failure-to-pay-penalty IRS Interest Information: https://www.irs.gov/payments/interest