Don’t Wait Until the Last Minute to File Your Extended Return

If you requested an extension to file your extended return – 2023 tax return, the October 15 deadline is fast approaching. While it may seem tempting to put off filing, there are no advantages to waiting until the last minute, and it could lead to unnecessary stress and complications.

File Early

Filing early ensures you have time to address any unforeseen issues that may arise, such as missing documents or filing errors. Last-minute submissions may result in rushing through essential details, increasing the chances of mistakes or missing out on potential deductions and credits.

If you’re worried about paying any taxes owed, remember that the IRS offers several options to help taxpayers. These include short- and long-term payment plans, as well as installment agreements, for those who qualify. While the tax payment itself was due on April 15, unpaid balances accrue interest until they are paid off. The sooner you file, the sooner you can address any amount owed and minimize additional interest costs.

To get ahead of the deadline, start by gathering your records for the 2023 tax year. Whether you have questions about your situation or need help preparing your return, it’s crucial to act now rather than later. Reach out to your tax professional to schedule a tax preparation appointment or discuss any concerns you may have.

Avoid the stress of last-minute filing and ensure you’ve covered all the bases by taking action as soon as possible. Filing early gives you peace of mind, knowing that your return is submitted accurately and on time.

Tax Problems?

If you’re ready to take control of your tax situation, resolve IRS audits, and start saving, we encourage you to contact Quantum Tax Strategies at (877) 205-2565. Our tax consultants are standing by to provide you with the personalized guidance and support you need to achieve your financial objectives.