Should I Take a Tax Extension or Rush to File My Tax Forms?

Should You Take a Tax Extension or Not? Pros and Cons

I’ve taken a tax extension for our personal taxes and business taxes for several years. I’m not normally a procrastinator and usually beat my work deadlines. So what’s up with the tax extension? Following are some of our personal tax filing decision points, pros, and cons regarding whether to take a tax extension or not. Gather the data and decide which is the best approach for you this tax season.

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