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GOBankingRates
GOBankingRates
Jordan Rosenfeld

HISTORICAL FACTS: 7 mistakes to avoid when you file a tax extension - The Untold Story

Filing a tax extension can feel like a pressure release valve for taxpayers who are missing paperwork, dealing with complex income or simply need more time to prepare an accurate return.

But tax professionals say extensions are often misunderstood. The wrong assumptions can turn extra time into a more expensive tax bill.

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