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Life rarely seems to slow down, especially when you need it to — like during tax season.
With this year's April 17th deadline fast approaching, it can be difficult to find the time to dig up old receipts, organize messy files and request missing documents, all in an effort to finish your taxes in time. That's why the IRS offers the option of a tax extension. To apply for one, however, it's critical that you know where to find a tax extension form and how to accurately complete and submit it in order to obtain your six-month reprieve.
One important note: A tax extension from the IRS extends the time you have to file your income taxes, not the time you have to pay Uncle Sam. Therefore, if you owe the government money, you still must pay by April 17th to avoid penalties and interest charges. The deadline for the tax extension form is the same; afterward, you have until October 17th to get your paperwork in line and file your income taxes.