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Personal Tax Clients

When you file for an automatic extension of time you get six (6) more months to file.
 
Personal Tax returns due April 18th will be due Monday, October 16th, 2023

Important: Please note that while filing an extension removes late filing penalty assessments when you file by the extension deadline of October 16th, 2023, any tax liabilities (amounts you owe the IRS or State) are STILL DUE BY April 18th, 2023.

See the “IMPORTANT NOTE REGARDING YOUR INCOME TAX EXTENSION” below for more information.

Submit information: Use the form below to submit your information required to file your income tax extension.

 

Assurance: Rest assured your form is encrypted and submitted across a protected 256 bit SSL (Secure Socket Layer) connection.

Fee: Your estimated tax liability due with the filing of this extension will be automatically withdrawn from your bank account on 4/18/2023.  Our fee to prepare this form is $50.

Authorization: By submitting the form below, you hereby acknowledge that you fully understand all parts of our Personal Income Tax Engagement Letter here and are authorizing us to file this extension of time on your behalf. 

P. Ext More Information'

*IMPORTANT NOTE REGARDING YOUR INCOME TAX EXTENSION
Please know that while filing an extension removes late filing penalty assessments when you file by the extension deadline of October 16th, 2023, any tax liabilities (amounts you owe the IRS or State) are STILL DUE BY April 18th, 2023.

 

If you file an extension without making any payments and subsequently file with any amounts owed, interest will be charged on any amounts owed and will accrue beginning on April 18th, 2023, until your full balance(s) owed is paid.

 

There is no perfect method to “quickly” estimate your tax liability for any given year. But, short of having your returns fully prepared, you may choose to use your prior year tax returns as a gauge. If your income for 2022 was similar to 2021, and you did not have any other significant taxable events during 2022 (withdrawals from retirement accounts, large capital gains, received an inheritance, etc.) Then you may choose to base your estimated tax liability on your prior year results (pay the same amounts at the time of the extension that you owed last year, or if you had refunds, then choose to make a zero payment).

 

Keep in mind that if you underpay, at least you will have reduced the amount of interest you will be charged, and if you overpay, you will receive the overage back as a refund when you file! Please note, that since we have not yet received your tax documents and/or did not receive them far enough in advance of the filing deadline to prepare your return,

we will not be able to determine what amount, if any, you should pay at the time of extension.

 

However, if you are a returning client and would like us to send you your tax liability information from your 2021

return to assist you in determining if you would like to make a payment with your extension, please email us at 

info@rac-co.com or call/text our office at (585) 454-8780.

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