2008 Extensions: Information and Important Dates

Many individuals have filed extensions for their 2008 tax return. This means that folks have officially notified the IRS that they are choosing to extend their filing date. Importantly, I want to emphasize that an extension to file is not an extension to pay your tax. When the extension is filed by April 15th, any tax due for 2008 must be paid in with the extension to avoid late payment penalties and interest. There can be many reasons why one may extend, and I am going to hit on a few key points.

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