What Do I Need To Know About Tax Extensions?

What do you need to know about tax extensions? On this episode of the Small Business Tax Savings Podcast, Mike provides an in-depth look at tax extensions and how they can help you.

Mike Jesowshek discusses the difference between an extension of time to file and an extension of time to pay, potential reasons for needing a tax extension, how to request one, and the associated deadlines for different business structures.

The potential risks associated with filing late and the penalties that could come with it. He provides tips on how to reduce your risk of an audit and what options are available for payment if you can’t afford to pay your tax bill. Get all this helpful information and more in this episode of the Small Business Tax Savings Podcast.

Tune in now and learn more information on how to pay your tax bill and what happens if you don’t have the funds available!

00:01 Securing Your Business And Personal Tax Returns With Tax Extensions
05:08 Dates To Remember: Filing Your Tax Return Or Extensions Request
09:07 File Your Tax Return by the Extended Date to Avoid Interest and Audit Risk
15:50 Closing Segment

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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
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Podcast Website: https://www.TaxSavingsPodcast.com
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To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com