How to File a Business Tax Extension in 2024

Yourlegal12 Jun, 2024Miscellaneous

Feeling like time is slipping away when it comes to sorting out your taxes? Don?t worry; you can request a business tax extension. Filing for an extension might seem a bit awkward, but it?s actually quite common. Around 5.5 million businesses do it every year. If spring is your busy season, if you had a winter emergency, or if you simply haven?t had time to gather your records, filing for an extension gives you an extra 6 months to get everything sorted. Some people worry that asking for an extension might lead to an audit, but there?s no evidence to support that. Plus, the IRS doesn?t ask for a reason when you request an extension, so there?s nothing to fret about.