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New Member
posted May 17, 2021 5:42:43 PM

I want a cpa to review our taxes, we owe too much money so I don't want to file. is it better to extend than file and amend?

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2 Replies
Level 15
May 17, 2021 6:13:41 PM

Go to the IRS "Make a Payment" page and indicate your payment is for an EXTENSION.

Your request is granted and you will get a confirmation number for your records.

 

You must pay at least 80% of your tax, or IRS will be contacting you when you finally do file.

Expert Alumni
May 17, 2021 6:17:20 PM

Why would you have to amend? Is there more information coming? If you file an extension, you are still expected to pay the amount due. It is not an extension to pay, only to file.