Tax season is a stressful time for many people. If April 15th sneaks up on you faster than you anticipated, filing an extension could be your best option. However, many filers don’t understand the particulars of the process, and taking it on alone could have disadvantages. To ensure your extension is handled according to the government's requirements, it’s best to work with a tax accountant.

A tax extension gives people more time to file their annual return. While electronic systems make this process easier than ever, they’re not foolproof. A tax accountant will fill out your documents accurately and submit them on time to help you avoid late fees and other financial penalties.

Working with a CPA also will help you understand everything entailed in the extension. Many taxpayers think it will push back the due date for their tax payment, but that isn't true. Everything you owe is due on April 15 regardless of whether you request an extension, so making your payment after this date would result in potentially hefty fees. The concept of a filing extension can be confusing if you haven’t experienced it, so it’s wise to hire a tax accountant to explain the details, review your situation, and offer advice on the best action to take.

The extension would give you six more months for tax preparation, and you can avoid missing another deadline by utilizing your accountant's services. If the Internal Revenue Service flags your return for an audit, your tax preparer can represent you in the case and answer all the federal agency’s questions.

Whether you need to file for an extension or want help with tax preparation, the knowledgeable team at Hal Surratt CPA is ready to help. The firm has been meeting the accounting needs of residents and small businesses in the Archdale, NC, area for over a decade. They offer one-on-one, personalized attention for unmatched customer service and attention to detail. Call (336) 861-4024 to speak with a tax accountant and visit them online for more information about their services, including payroll and business consulting. Like them on Facebook for additional financial tips from the CPA firm.