Tax Tip: What Filing A Tax Extension Really Means
So we are mere days from this year's tax deadline (Monday, April 18 - a few days later this year). But, even with a few extra days this year, some still won't have their tax forms filed by the deadline.
First of all, don't panic - yet. There are options. Luis Garcia with the IRS tells WBCK those who aren't ready will need to file for an extension. However, if you owe money, there's another process to follow. Filing an extension just because your paperwork isn't yet in order does NOT postpone a tax bill.
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