Is your business tax deadline March 15th?

Life gets busy, and finances can be complicated. If you find yourself in either of these two situations, rest assured as you may be eligible to receive additional time to compile the necessary paperwork for your return. Taking more time on your return may help you avoid mistakes and minimize your tax liability. It is important to note that this is an extension to file, not an extension to pay any taxes due.

Federal income tax extensions are good for five months for any individual, business, corporation, LLC, partnership, trust or estate. You still have to pay your taxes but you are shielded from any late filing fees during that period. Think you could use the extra time?