Tax Time Triage: Extend, Don't Panic! A Small Business Guide to Form 4868

Feeling overwhelmed by the looming tax deadline? This session is designed for small business owners, especially sole proprietors, who need a lifeline! Learn how to confidently navigate the tax extension process using Form 4868. We'll demystify the form, review crucial deadlines, weigh the pros and cons of extending, and equip you with the knowledge to file seamlessly. Avoid penalties and gain valuable time to organize your finances. Deadline Demystified: Key Dates for Every Business Type: We'll break down the applicable tax filing deadlines for sole proprietors, partnerships, and corporations, ensuring you know exactly where you stand. Clarify the differences in deadlines relating to different business types. Extension Essentials: Pros, Cons, and Strategic Considerations: Explore the advantages of filing an extension, such as avoiding late filing penalties and gaining time for accurate reporting. Understand the potential drawbacks, including the obligation to pay estimated taxes and the delayed refund. Form 4868: A Step-by-Step Walkthrough: We'll guide you through each section of Form 4868, providing clear instructions and practical tips for accurate completion. Where to obtain the forms, and how to file electronically or via mail.