Tax Myth #2 – Just File an Extension
An extension only buys you more time to file your return, not to pay your tax bill. If you will owe taxes when your return is initially due, you will need to pay Uncle Sam when you file your extension.
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An extension only buys you more time to file your return, not to pay your tax bill. If you will owe taxes when your return is initially due, you will need to pay Uncle Sam when you file your extension.