Why You Shouldn't File an Extension!

In this video, I talk about the downsides of filing for an extension. Of course, there are times when filing an extension is necessary but if you can avoid it, I would just file your taxes on time. I talk about the failure to file penalty, failure to pay penalty, and interest for not paying your taxes on time.

Check out our other videos related to personal finances and tax, as well as business finances and tax.
If you want more live Q&As or one on one chats to get specific questions answered, check out our Patreon page:
https://www.patreon.com/nguyencpas

Our Website:
www.nguyencpas.com

Join our Facebook group for more active updates:
https://www.facebook.com/groups/nguyencpalounge

Our online course for navigating the pandemic:
https://courses.nguyencpas.com/courses/covid19taskforce

Budgeting Playlist:
https://www.youtube.com/playlist?list=PL_NsTNDu5AJeTAKuYVg9YLU6LpsX-L4J8

Winning in Business Playlist:
https://www.youtube.com/playlist?list=PL_NsTNDu5AJdesDOy7yvagXRugo1_bJpT

Tax Playlist:
https://www.youtube.com/playlist?list=PL_NsTNDu5AJeRUVN47zXbNsgpmCrkChAr

PPP Playlist:
https://www.youtube.com/playlist?list=PL_NsTNDu5AJfIvbNI6pqiCNN6Xx-GMAmV

EIDL Playlist:
https://www.youtube.com/playlist?list=PL_NsTNDu5AJe7GgKLSPl8TgwoLJygX_lh

COVID-19 Playlist:
https://www.youtube.com/playlist?list=PL_NsTNDu5AJd0-oafYxfqXBmZk9EmSiwF
This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.

Видео Why You Shouldn't File an Extension! канала Nguyen CPAs