#423 The Big Deadline - Should you Extend?

Folks, let me tell you - filing for an extension is not something to fear. In fact, it can be one of the smartest moves you make when it comes to your taxes. Let's dive into the benefits of filing for an extension, and why it's important to submit an estimated payment along with it. First and foremost, filing for an extension can help you avoid late filing penalties. If you miss the April deadline, the IRS will slap you with a 5% penalty for each month that your return is late. Ouch! But by f...