I talk to American tax payers all the time, especially right around tax season.
Inevitably, every single one of them comments to me about how complicated the tax code is, and how it seems to get worse and worse every year.
I agree.
It's definitely not easy.
That's one of the biggest reasons I always recommend they give themselves more time.
Here's some added advice: when you file a tax extension, E-File it.
These are my top 5 reasons why E-Filing is your best bet: 1.
It's paper-free.
Save a tree and save yourself the hassle of filling out paper forms.
No extra papers to deal with, just a convenient electronic form.
2.
It's the only way to get IRS confirmation that your extension has been approved.
Qualified E-File providers, like FileLater for example, will keep track of your electronic extension request and inform you when it has been approved by the IRS.
With the IRS paper Form 4868 or Form 7004, there's no way of knowing if your income tax extension has been approved or not.
3.
It's fast.
E-Filing your online extension form can be filled out and submitted in just minutes.
Take the March 15 (business tax deadline) April 15 (personal tax deadline) burden off your shoulders this year without breaking a sweat.
4.
It's the preferred method of the IRS.
Everyone's going paperless these days, and the IRS is no exception.
Over 80 million people filed their taxes electronically in 2007.
Your e-filed income tax extension makes everyone happy--you and the IRS.
5.
Nothing gets lost in the mail.
No more standing in line at the post office on tax day! When you E-File your tax extension request, you don't have to worry about it slipping through the cracks in the chaos of tax season.