What Impact Does Filing a Tax Extension Have on What You Owe?

from Build to Enough · host Keila Hill-Trawick

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: 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. Need more? Our team has put together a free resource library to save you valuable time and energy in your business! Ready to get started with Quickbooks? Use our referral link. If you're ready to outsource your Accounting and/or Tax prep needs go to www.littlefishaccounting.comFind us online:Instagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctgConnect with Keila!LinkedInwww.krht.co

Episode metadata supplied by the publisher feed · Published Apr 8, 2020

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What this episode covers

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.