By Chris Smith
With this year’s tax deadline rapidly approaching, you may find that filing an extension is a good option for you. But before you plan to do that, here are three things you’ll want to keep in mind.
Taxes are due April 15. The extension only gives you additional time to file your return; it is not an extension of time to pay the tax that may be due. The assessed tax, even if you have not yet determined how much it is, is due by the April 15 deadline.