Got a Tax Extension? Now is the Time to File and Take Advantage of Income Tax Advances

Did you get a tax extension back in April of this year? If so, you are far from alone. Millions of people get extensions for a variety of reasons: they have never filed before, they have issues with W2 forms, they have had personal issues, or they have had big life changes that affect taxes, like a marriage or owning a first home. Extensions are not that hard to get and make sense for a lot of people, but they don’t extend forever. If you have an extension and haven’t filed yet, now is the time. You can also get income tax advances to get some extra cash.

File Now, Don’t Put it off, and Then Get Income Tax Advances

There is no reason to keep putting off tax filing for more than a few months. If you are still waiting on filing, now is the best time to just do it and get it done. You can face penalties that are expensive and that will follow you around if you don’t file soon. The IRS will take your filing at any time, so you don’t have to wait. It probably already feels like a weight hanging over you, so take the time to get it done and you can get on with your life. As a reward for finally filing and getting that chore off your plate, consider getting income tax advances for some extra cash.

Income Tax Advances Give You the Extended Refund Sooner

If you got a tax extension, it means that you won’t get your expected refund until after you finally file. The IRS is not willing to give up your cash until you actually put in the time and get the paperwork done. So, if you file now, you could still wait weeks to get that refund you really need. The good news is that as you file you can also apply for income tax advances to get your refund cash sooner. You could have that cash as soon as within a day or two, while if you waited for the actual refund you wouldn’t see the money for another several weeks. Extensions can delay your refund even more than if you had filed on time.

How to Get Income Tax Advances

Aside from getting you refund cash sooner, income tax advances are also useful in that you don’t have to actually file by the time you apply. You may know you’re getting a refund once you finally get the forms in order and file, but you just haven’t found the time to do it yet. So, get the cash anyway by applying for income tax advances. Do this by going online to find the short application, fill it out, submit it, and get access to the lenders who will approve you for the advance. Then, wait just a day or two to see the cash appear in your bank account. And then, finally, file your taxes.

Got a Tax Extension? Now is the Time to File and Take Advantage of Income Tax Advances By Scott Lobo - 11/7/17