Not many people know this about tax extensions. You can file an extension every single year and never actually use it. In fact, our standard procedure is to file an extension even when a client plans to file by April 15. Here’s why it matters. When you have an extension on file, the IRS allows you to supersede your 1040. That means if you file your return before April 15 and later realize you missed something, or you made an IRA contribution after filing, you do not need to file an amendment. Yo
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