State of california 2016 tax extension to file
“You’re drawing attention to your return,” he said, “and that’s the last thing you want to do.” Stives said he considered extensions preferable to amended returns, which must be submitted on paper and so may receive more scrutiny. Tax preparers are feeling the time crunch, he said, and may suggest that clients file extensions, so returns can be completed at a more measured pace.įiling an extension, he said, can help reduce errors made because of haste and avoid the need to file an amended tax return.
![state of california 2016 tax extension to file state of california 2016 tax extension to file](https://venturebeat.com/wp-content/uploads/2020/04/Copy-of-Caroline-Winnett-with-Violin-at-SkyDeck.jpg)
In addition to late-arriving forms, confusion over new documents, like the 1095-C issued to people with health coverage through big employers, is probably delaying the filing of returns as well, said Douglas Stives, a professor of accounting at Monmouth University and a consultant to the Curchin Group, an accounting firm in Red Bank, N.J. “If you’re missing information,” she said, “you’ll need to file an extension.” Forms like Schedule K-1, for instance, which shows income from partnerships, are habitually tardy and are becoming more common as more people invest through partnerships. Labant, director of tax advocacy with the American Institute of Certified Public Accountants. Why ask for extra time? Extensions can be a good idea if taxpayers receive necessary forms late, said Melissa M. An extension grants an extra six months to prepare and file a federal income tax return. The Internal Revenue Service projects that it will receive 13.5 million requests for extensions of time to file this year. So with tax day approaching on Monday, it’s time to think about filing an extension.
![state of california 2016 tax extension to file state of california 2016 tax extension to file](https://assets-blog.fundera.com/assets/wp-content/uploads/2016/07/29114621/tax-deadline-extensions.jpg)
EVEN though taxpayers have a few extra days this year to file their federal income tax returns, some still won’t make the deadline.