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.
Want to share this infographic on your website? Just copy and paste the code below:
Free $$$ Saving Tax Tips
Get one money saving tax tip delivered directly to your inbox twice a month.
Tax Receipts was created to make the lives of entrepreneurs and small business owners easier by reducing the tax code, regulations, and case law related to business deductions down to actionable information. Learn more about Tax Receipts.
IRS Circular 230 Disclaimer: To ensure compliance with requirements imposed by the IRS, any tax information provided on or by TaxReceipts.com is not intended as legal or tax advice or written to be used, and cannot be used by the recipient or any other taxpayer, for the purpose of (i) avoiding tax penalties under the Internal Revenue Code or (ii) in promoting, marketing or recommending to another party any transaction or matter addressed on this site or in any materials provided by TaxReceipts.com or its partners.