You’d be surprised how many people file their taxes well after the due date of April 15th. The simple truth of us is that most of us just don’t have the time in our lives to sit down and spend a weekend doing the paperwork. And by the time we realize this, well, it can be difficult or even impossible to find a tax preparer with the time to get your return done correctly.
Fortunately, if you want to file an IRS tax extension, it’s a fairly simple procedure, and anyone can file one, for any reason. However, you’ll still want to involve a professional to help you fill out the form properly and limit how much you pay.
If you’d like to speak to a Charles Krengel, P.A. representative for help with an IRS extension, or any other tax problem, call (800) 892-9631 or click here to contact us online.
Getting an IRS Tax Extension
First, you need to understand that this isn’t a free pass. You’re still going to pay your taxes, and you’re going to pay all you owe. You’re just asking the IRS for a little more time to fill out the paperwork.
Here’s how it works. If you want an extension, you’ll need to file Form 4868, one of the more popular forms the IRS hands out in early April. Form 4868 can be filed by any taxpayer, but it needs to be accompanied with a check for the estimated amount of tax.
How Charles Krengel, P.A. Can Help
This is where the accomplished staff at Charles Krengel can begin helping you. If you just need more time to get the paperwork filled out, or are currently waiting on more tax information, we can look over your documents, fill in any gaps, and tell you a good ballpark estimate to send to the IRS.
It’s important to be aware that you’ll have to pay interest on any unpaid tax that falls outside the estimate; for example, if we estimate $10,000, and your actual tax works out to $12,000, you’ll have to pay the $2000 plus a late payment penalty and interest.
The other, equally common scenario is simply that you don’t have the money. Here, having Charles Krengel in your corner is crucial. We’ll help you work out both what you can pay up front to reduce the total interest and penalty, and also start the process of getting a payment plan worked out with the IRS that’s fair to you while also getting your debt paid off quickly.
The IRS will not put you in prison if you file and cannot pay your tax. If you simply don’t have the money, there are payment plans and other methods that ensure your taxes get paid, and take at least one problem off your plate.
If you’d like to speak to a Charles Krengel, P.A. representative for help with an IRS extension, or any other tax problem, call (800) 892-9631 or click here to contact us online.
Circumstances can sometimes create a challenge to paying your taxes timely. With Charles Krengel P.A. behind you, you’ll be able to pay your taxes over a period of time if you need some breathing room.