Should You Be Filing a Tax Extension?

It’s April 15, 2013 and that means that the mad dash to midnight has begun. For the tens of thousands of Americans who have left their taxes until the last minute it’s decision time, do you try to rush and get your taxes done and risk the chance of missing out on hundreds or thousands of dollars in missed tax deductions or do you file an extension and possibly prolong the stress of tax season. Well regardless of which route you decide to go Check City Lighting Tax Services can help. Here are several of the ways that our Lightning Tax services can help you this season.

File an Extension- If April 15th snuck up on you this year and you haven’t even begun to think about doing your taxes then you’ll probably want to consider applying for a tax extension. If you need help with this you can stop by any of our Check City locations for help with filing a tax extension including help with filling out the tax extension form and putting together a plan to get your taxes done as quickly as possible. One thing to keep in mind with a tax extension is that just because you file a tax extension it doesn’t mean that you no long have to pay on taxes you owe. In a recent study it was found that almost half of Americans weren’t aware that they still had to pay taxes even though they had filed a tax extension.

Still Do Taxes- While it may seem like very last minute, if you have all of your information ready but you’re intimidated by all of the tax forms there is still time to stop by your local Check City location and get your taxes filed. By taking advantage of our Lighting Tax program you can also see if you qualify for one of our tax return loans so that you can get your money more quickly. Also, it’s important to point out that if you don’t actually owe any money to the government they are more lenient on the tax deadline.

Set Up Payment Plans- Many people have no idea that you can actually set up a payment plan with the IRS. More and more people are using this option ith as tough as the economy has been in recent years. If you find yourself in the situation where you know you owe money but won’t be able to pay it all off right away you can stop by one of our many Check City locations and have our knowledgeable tax professionals help you file a payment plan. The great thing about these payment plans is that you can outline what you feel is reasonable and what you can work into your budget , however, it is up to the IRS to accept or reject your proposed payment plan.

Short Term Loans- If you know that you’ll have the cash within a couple weeks to pay off your taxes but you just don’t have the money right now then we recommend utilizing one of our many services to help you get the cash to pay off your taxes right now. If you own your car one of the best options right now is to take advantage of our 30-Day Interest Free Title Loan. By taking advantage of this interest free title loan you’ll be able to pay off your taxes now and not have to pay an interest on the loan for 30 Days! If you don’t have a title in hand with any of your vehicles then another option would be to get a cash advance or payday loan. As always we recommend being responsible with these loans so if you don’t think you’ll have the money to pay them off within a few weeks then the tax payment plan may be a better option for you.

If you have any tax questions feel free to stop by your local Check City or leave them in the comment section below.

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