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Video instructions and help with filling out and completing Which Form 1120 C Extensions

Instructions and Help about Which Form 1120 C Extensions

Hey, if you're a procrastinator like me, you probably haven't filed your taxes yet. Yes, I know this is embarrassing, but even I haven't filed my taxes yet. So, if you're stressed out about all the steps involved with reporting the gains and losses from your crypto and trying to get all that information pulled together, you feel like maybe you're running out of time, no worries because today I'm going to show you how to file an extension for your taxes so that you can give yourself 6 more months to pull all of your information together. Alright, so first things first. I don't know if you've ever filed an extension before, but if you haven't, filing an extension will allow you to file your tax return on October 15, 2018, instead of April 17th. I mean, you can file at any time between April 17th and October 15th, but it just gives you that extra six months' leeway so that you don't have to stress about getting everything in the next, you know, three or four weeks. Filing a tax extension will give you a ton of extra time to help you gather all of your tax documents, educate yourself on crypto taxation, and then calculate what your real gain or losses from your crypto investments. There is a catch though, filing an extension only extends your filing deadline, it doesn't extend the payment deadline. So, this means that if you think you're going to owe taxes this year, you still need to make a payment by April 17th. If you don't, you may be subject to interest and penalties. So, do your best to pay as much as you can with your extension so that you don't get these interest and penalties. Alright, so you're probably thinking, "Okay, well how...