Sunday, November 13, 2005

IRS Changes rules for filing an extension

The IRS has altered the way it accepts filing for extension. Taxpayers now can ask for an automatic, six-month filing extension for business and individual returns.
The old IRS procedure was to allow an automatic four month extension; then, a 2 month extension request could be filed, but there had to be a reason with the second extension.
Lastly, a tax filing extension does NOT extend the tax-payment deadline.