Extending Your Tax Returns is a New Must: A Guide to Dodging Tax Time Turmoil!

April 18, 2024

The Unspoken Hero of Tax Season

Tax season: the time of year when coffee consumption spikes, pencils wear down to nubs, and calculators overheat from the frantic punching of numbers. It's as if the entire nation collectively holds its breath from January to April 15th. But what if I told you there's a life hack for tax season that's as revolutionary as discovering your calculator has a 'backspace' button? Yes, it involves extending your tax returns, and no, it's not just for procrastinators anymore.

Meet Your Tax Guide: Donna Bordeaux

Enter Donna Bordeaux from Calculated Moves, who might just be the Neil Armstrong of taxes, guiding us through the uncharted territory of extensions. With accountants feeling more elusive than a decent avocado in winter, filing an extension has become less of a 'last resort' and more of a 'strategic masterpiece'. It's like choosing to take a scenic detour on a road trip—sure, it might take a bit longer, but the views (or in this case, deductions) you discover along the way are totally worth it.

The Secret Perk of Extensions

But wait, there's more! Extending your tax filing can actually make you less attractive to the IRS for an audit—think of it as financial camouflage. It's also a savvy move given the unpredictability of tax laws. With Congress treating tax extender bills like a hot potato, waiting a bit longer could mean your return is as up-to-date as the latest iPhone model.

Navigating the Payment Galaxy

However, don't think of this extension as a free pass to procrastinate. April 15th still demands tribute in the form of any taxes owed, and for the self-employed, it's a double whammy with the first quarterly payment due. The trick? Overpay just a tad to sidestep penalties like you're dodging spoilers for the finale of your favorite show.

Summer: The Season of Preparation

Donna urges not to treat October as the new April. Use the summer to get your tax ducks in a row, letting your return "marinate" and possibly absorb any last-minute tax law changes like a flavorful tax-season brisket.

The Grand Finale: Making the Most of Your Extension

"Extending Your Tax Returns is a New Must" isn't just about pushing deadlines; it's a strategic maneuver in the grand chess game of finance. With Calculated Moves as your grandmaster, this tax season could go from a frenzied sprint to a leisurely stroll through the park. Ready for a less taxing tax season? Read on to discover how extending your return might just be your best move yet.

Donna Bordeaux, CPA with Calculated Moves

Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly, and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.