When requesting a tax extension, you are requesting more time to submit your documents. Here’s something most people do not know. They can charge you with late payment penalties, too. If you did not do this, the IRS will charge significant fines and penalties to you as a result. When you file a tax deadline extension, you are simply asking for more time. The key here is to tell the IRS.ĭo not avoid letting them know you need more time. It will only give you six months time to complete your payment.įor example, if the tax deadline is April 15, you will have until October 15 to complete them. It is important to know that filing a tax extension does not give you an indefinite amount of time to complete your taxes.
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