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Atascadero Tax Firm Announces Reasons to File an Extension

Even though many believe the best time to file for an income tax filing extension is when there isnt enough time to get taxes done before the deadline, there are many very good reasons for filing an extension. Robert Borish from North County Tax & Accounting in Atascadero, CA has recently released a list of situations for filing for an extension.

Image of Carl Norcott By Carl Norcott.
Updated Mar 27, 2021

ATASCADERO, Calif. (PRWEB) March 27, 2021 - Even though many believe the best time to file for an income tax filing extension is when there isnt enough time to get taxes done before the deadline, there are many very good reasons for filing an extension. Robert Borish from North County Tax & Accounting in Atascadero, CA has recently released a list of situations for filing for an extension.

Maybe one of the better kept tax secrets is that no one really actually needs a reason to get an income tax extension. Neither the Internal Revenue Service (IRS) nor the California Franchise Tax Board (FTB) require a specific reason and income tax extensions are automatically accepted as long as it is filed on the correct form and no later than the required filing date. The tax deadline for filing is usually March 15 for businesses and April 15 for individuals, unless that day falls on a weekend or holiday.

Check with an accountant at the Atascadero tax firm to know which form to file. Both the IRS and FTB have different forms for individuals and for businesses.

Reasons to file the extension include:

An extension is an automatic six month postponement for filing tax returns, but any taxes due must be paid by the March or April deadline. Extensions are easy to file but it is important to use the correct form.

The accountants at the Atascadero tax firm are highly knowledgeable and can make sure you use the correct forms for filing an extension. If taxes are due but the money to pay isnt available, they can also help you setup a payment plan.

North County Taxes & Accounting is a full service CPA accounting firm providing services for individuals and businesses. Services include tax preparation, bookkeeping, accounting, payroll and customized QuickBooks services. The firms clients are the most important asset and the firm is committed to maintaining the highest standards of integrity and professionalism to make sure that every client is served by the best expertise.

North County Tax & Accounting 5905 Capistrano Ave, STE A Atascadero, CA 93422 (805) 466-7121