Prefer an Extension
When it comes to filing taxes I find most people land really firmly in one camp or the other.
File on Time or File an Extension.
Truthfully there is no right or wrong answer, it’s more of a personal preference. Of course if you are working with a partnership where some of the partners want to file on time well then the partnership must file on time too.
Some of the reasons for wanting to file an extension may surprise you. For our clients with multiple entity structures that are interrelated we always recommend filing an extension.
Remember your tax picture is one that includes everything and you want to create your strategy based on your whole picture.
There could also be the reason that all your information is still unorganized. I will guarantee you if you don’t take the time to track your expenses you will leave money on the table by paying too much in tax. While keeping accounting is really to empower you as the financial leader many people still only see it as a means for filing taxes.
Either way, filing the extension or not we are here to help! Simply reply to below and we are happy to help you with your tax filing needs.