Filing an extension on your small business tax return is completely acceptable – as long as you follow the IRS’ guidelines. The date by which you must file for an extension depends on the type of small business you own.
One of the most important things to keep in mind when deciding if you’ll file for a tax extension is the fact that you must still pay quarterly estimated taxes by the original due date of the return. In other words, the paperwork can be late, but the money can’t. Continue reading “How to File a Small Business Tax Extension”