Extensions:
Simple Facts You Need to Know
(Please Read Carefully)

1) Filing an Extension is Free.

2) The IRS accepts the timely-filed extension Automatically.
No signature or explanation or reason or excuse is required.

3) Filing an Extension does NOT increase audit risk or trigger additional
scrutiny of the return.

4) The Extension of Time to File is always for 6 months, until October 15th.

5) The Extension provides the government with an interest-free loan of the
money which will eventually be paid out to the taxpayer in the form of a Refund.

6) The Extension is not an extension of time to pay tax owed on April 15th.
There is an interest charge for any money owed on April 15th, but not paid by that date.
There is also a “Late Payment Penalty” for any money owed on April 15th, but not paid by that date. If there is any possibility of owing money, or if the taxpayer owed money last year, it is advisable to estimate an amount due and send it in. This can be refunded if there is an overpayment, and may avoid interest and penalty.
Penalty may be waived due to reasonable cause. Interest may not be waived, by law. Owing money and not paying it timely does NOT increase audit risk or trigger additional scrutiny of the return.

7) Information necessary to file an extension:

Please include this information in an email to RobertGreeneCPA@aol.com.
You may also fax to 845-889-8161.