Tax Law Offices of David W. Klasing Blog Are There IRS Penalties if You Apply for a Tax Filing Extension?

Most taxpayers know that Tax Day typically falls on April 15 (shifting slightly for weekends/holidays). If you need extra time to prepare an accurate federal income tax return, the IRS allows you to request an automatic filing extension until October 15. However, this extension does not grant more time to pay any tax you owe. [...]