Tax Extension Tips To Avoid Big IRS Penalties - CPA Explains скачать в хорошем качестве

Tax Extension Tips To Avoid Big IRS Penalties - CPA Explains

Avoid these tax extension mistakes to keep more of your hard earned money. Book free tax consultation: https://mycpacoach.com/contact A lot of people think that filing a tax extension grants them more time to pay their taxes. It does NOT. A Tax Extension grants you more time to FILE your taxes. It does not grant you more time to PAY your taxes. #taxextension If you don’t understand this, then you may end up paying a number of tax penalties, like the Failure to Pay Penalty, the Underpayment of Estimated Tax Penalty, and even The Failure to File Penalty, which can end up costing you several thousands of dollars in additional penalties, interest, and taxes. These penalties usually catch people by complete surprise, so as a licensed CPA that helps people avoid these penalties and reduce their taxes everyday at mycpacoach.com, I want to provide you with a simple and easy to understand guide to help you avoid this. Tax Extension Myths: (0:00) Tax Extension Explained: (1:24) Late Filing Penalty: (1:50) Late Payment Penalty: (2:45) Calculating Tax Payments: (4:13) Underpayment Penalty: (4:43) Estimated Tax Payments: (5:30) Best Practices: (5:57)