Are you running behind on filing your taxes and wondering if you should submit an extension? You’re not alone—and the good news is, there’s a simple way to buy yourself a little breathing room.
ARQ Wealth has partnered with Vincere Tax to take the stress out of filing your tax return.
About Tax Extensions
A tax extension gives you until October 15 to file your return, instead of the usual April 15 deadline. But it’s important to know: this is only an extension to file, not to pay. Any taxes owed are still due by April 15, and interest and penalties can add up quickly if a payment isn’t made on time.
Here’s a quick overview of how extensions work and when they might make sense:
- No explanation needed: Just file IRS Form 4868 (or the right form for your business) by April 15.
- Avoid late filing penalties: These can be steeper than late payment penalties—an extension helps sidestep that.
- Plan to pay: You’ll want to estimate your tax liability and make a payment with the extension to reduce potential interest or penalties.
- State rules vary: Some states follow federal extension rules, others don’t—it’s worth double-checking.
You might want to consider an extension if you’re still waiting on K-1s, corrected 1099s, or just need more time to get organized—especially if this year’s return is more complex than usual.
Take the Stress Out of Filing
If you’re feeling overwhelmed or unsure how to approach it, we can help.
Our new tax planning service partner, Vincere Tax, is designed to support clients in situations like this—whether it’s helping you estimate what you owe, prepare for an extension, or think through how your taxes fit into your bigger financial picture.
Click here to access the Tax Planning Service!
This blog post is informational only and does not constitute tax or legal advice. ARQ is not affiliated with Vincere Tax and does not receive any compensation for referrals. Clients are under no obligation to engage with Vincere Tax and are encouraged to consult any qualified tax professional of their choice before making any decisions related to tax filings or extensions.