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Hide Mark in the Demand For Extension Of Payment Date

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Aug 6th, 2022

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How to Hide Mark in the Demand For Extension Of Payment Date

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Hey guys. Toby Mathis here and middle of tax season and everybody is already asking the question, should I file an extension? So let me just break it down to you. Im going to give you a couple of basic rules and Im going to give you some golden rules to follow. So, number one, if you are in the category of taxpayers that owe money, which I would call that category number one you owe or, you know, maybe your your your zero, but youre not owed money. Youre not owed a refund yourself. So I owe youre in that category. I dont know why you would not file an extension, because heres the rule. The rule is in the United States, we pay as we go. If you have a job, you know that your employers withholding and remitting it already to the federal government. Its already going to the IRS, already going to the Treasury. You already get your employment, taxes, everything out. Right. And quite often, youre owed some of that back at the end of the year because they take out a little bit more t

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Can you file an extension by making a payment?

Get an extension when you make a payment You can also get an extension by electronically paying all or part of your estimated income tax due and indicating the payment is for an extension.

Do I need to file an extension if I make a payment?

You can get an automatic six-month extension when you make a payment with IRS payment options, including Direct Pay, debit or credit card, or EFTPS and select Form 4868 or extension. If you do so, theres no need to file Form 4868, Application for Automatic Extension of Time to File a U.S. Individual Income Tax Return.

How do I make an extension payment on Mass tax Connect?

Individual taxpayers making an extension payment of $5,000 or more must make the payment electronically with MassTaxConnect or commercial software. All other individual taxpayers must pay electronically with MassTaxConnect or use: Form M-4868 for Individuals. Form M-8736 for Fiduciary.

Is Massachusetts extension automatic?

Massachusetts Requires: The state of Massachusetts doesnt require any extension Form as it automatically grants extensions up to 6 months for businesses. File Form 7004 and Extend your Federal Business Income Tax Return Deadline up to 6 Months.

Can I file an extension if I owe money?

Keep in mind that filing an extension when you owe taxes only gives you more time to file, not more time to payyour payment is still due at the tax filing deadline.

How do I delay my tax payment?

You can get an automatic six-month extension when you make a payment with IRS payment options, including Direct Pay, debit or credit card, or EFTPS and select Form 4868 or extension.

Can you do a payment plan for taxes extension?

A payment plan is an agreement with the IRS to pay the taxes you owe within an extended timeframe. You should request a payment plan if you believe you will be able to pay your taxes in full within the extended time frame. If you qualify for a short-term payment plan you will not be liable for a user fee.

What is the easiest way to file a tax extension?

A quick and easy way to get an extension is through IRS Free File on IRS.gov. All individual tax filers, regardless of income, can electronically request an extension on Form 4868PDF by using the IRS Free File program partner software on IRS.gov.

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