Not Ready to File Yet - Be Sure To File An Extension

Not Ready to File Yet?

Be sure to file an extension for both the Federal (IRS) and the states in which you lived and worked in if applicable.

Remember that an extension is only to extend the date to file, not to pay.  In other words, if you think you may owe taxes with your 2009 return, be sure to pay with your extension to reduce interest and penalties.  The IRS charges a variety of penalties for not-filing and you can avoid one of their largest ones, Failure to File Penalty, by filing a federal extension. (Form 4868).  In order to calculate how much you owe, please consult with your New York CPA.

A blank form 4868 can be found here form the IRS's website.  Consult with your preparer if you have questions.