For a variety of reasons, many Americans need to file an extension each year. But many still misunderstand what a tax extension really means. Yes, it’s true when you file a tax extension you get an additional 6 months to file your tax return; however, in the rush of filing taxes late, many of those same people may miss valuable tax deductions which can reduce their taxable income. 444 more words
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The 2017 tax filing deadline is upon us.
That means life will calm down a bit for accountants, but things could heat up for taxpayers who miss the April 18 deadline. 296 more words