MARCH 2025
Are You Suffering From Tax-iety?
The upcoming March and April tax deadlines have everyone feeling a little nervous… what happens if you can’t get all your documents together and get everything filed on time?
Easy answer – you just extend your tax return!
While the form you’ll file for an automatic extension changes depending on which type of tax return you’re extending, the process is pretty much the same. You can file electronically or mail your extension form. Extensions need to be filed by the original due date of your return. [If you file extensions for your clients, insert that policy here.]
Here’s the good news: the IRS doesn’t actually need to know why you’re extending.
Let’s bust some other common extension myths:
- Filing an extension increases my risk of an audit – FALSE! Last year, roughly 19 million taxpayers extended their returns.
- I’ll have more time to pay my taxes – NOT TRUE! Regardless of whether you extend, you still owe any taxes due by the original return due date.
Freebie Alert!
Just like you go to the doctor for your annual physical, you need to do regular check-ups on your bookkeeping (especially if you’ve been doing it yourself!).
Download my free bookkeeping checklist by clicking the button below!
Download Today!
We provide clean-ups, set-ups, monthly or quarterly bookkeeping services to help you stay organized all year. We are taking on new clients whether new business or seasoned or seasonal. We are here for you, just reach out.
We want to help you get back to what you love and do. We don’t judge the status of your books or lack there of. We are 100% judgment free! Let us help create a system that works for you so you have the reports and information you need to make great business decisions.
It’s my job to make one of the most stressful times of the year a little less anxiety-inducing! Please don’t hesitate to reach out if you have any questions.
