Everything You Need to Know about Tax Extensions and Refund Anticipation Loans

Tax season is fleeting, but did you know that if you aren’t ready to file you can get an extension. The looming date of April 15 doesn’t have to mean your downfall. It doesn’t have to put you in a cold sweat. You can get your extension and you can also take advantage of refund anticipation loans since by putting off filing you will also be putting off getting your refund. Here’s everything you need to know about both and how to get them.

Anyone Can Get a Tax Extension and a Refund Anticipation Loan

You don’t have to be special in any way to qualify for a tax extension, or for a tax refund anticipation loan. You don’t have to prove that something devastating happened—like a tornado wiped out your house, for instance, in early April. You only have to fill out the right form to get that extension. Find the right form online at the IRS website, fill it out, submit it, and you could be looking at a six-month extension, six months before you actually have to file your taxes.

There Are Good Reasons to Get a Tax Extension and a Refund Anticipation Loan

Being too lazy to do your taxes is not really the best reason to get an extension, but there are valid and smart reasons to consider it. The most important one is that it gives you the chance to make sure you have all the necessary information and that you can complete the necessary forms with the greatest accuracy. The IRS wants you to get it right, and if your finances are complicated, getting an extension may just be a smart move. Also smart is getting a refund anticipation loan so that you can get and spend your refund without waiting another six months.

There is No Fee for a Tax Extension or for Accessing Refund Anticipation Loans

A tax extension is an extension of the deadline of April 15. This means you will not be filing late if you get permission for an extension, so there should be no fees associated with it. You do, however, have to pay an estimated amount of what you think you’ll owe the government, if you owe anything. For a tax refund anticipation loan, you don’t have to pay a fee. Just fill out the application for the loan and you can work with any one of our lenders for free.

Even with an Extension, You Can Get Your Refund with Refund Anticipation Loans

Don’t let the thought of missing your refund deter you from getting an extension. If an extension makes the most sense for you, go for it. Then, you can apply for a refund anticipation loan, get the cash you know will be coming to you eventually, and spend it now. Applying is easy and fast and you can actually do it all online. Our lenders will get you approved in minutes and will send your money to you in about 24 hours or less. Enjoy both an extension on your taxes and your tax refund, right now.

Everything You Need to Know about Tax Extensions and Refund Anticipation LoansBy Eric Knapp - 3/7/17