I was talking to one of my clients the other day who wanted to know why I need to charge $50 to file an extension, since it’s such a simple form.
My response was that you could say that about almost anything that I do is simple, but you also need to realize the care that I need to follow, and that’s expected of me.
Many taxpayers do not realize, that for the extension to be valid, you need to make a good faith estimate of the amount, of tax owed on the return. So, to do this, I need to make inquiries as to where we stand so far. In addition, I then have to ascertain if any estimates were made
Then, before I can actually file the extension, ...