kristofer@lunaeisenla.com | 202-670-5747 (mobile)
If You Need More Time to Submit Your Annual Tax Return, File an Extension and Not Incur Penalties
DALLAS, TX – With the April 15th tax return filing deadline quickly approaching, Keith Hall, president and CEO of the National Association for the Self-Employed (NASE), the nation's leading advocate and resource for the self-employed and micro-businesses, today offered the following advice for those who have not yet filed their 2023 tax return.
“For those of you who have already filed, you are ahead of the game and will get any owed refunds back quickly. For those of you who have yet to file, now is the time to complete your returns and file them with the IRS over the weekend to meet the Monday, April 15th deadline by midnight,” said Keith Hall, president and CEO of the National Association for the Self-Employed (NASE), the nation's leading advocate and resource for the self-employed and micro-businesses. “If you still need more time to gather your documents, review tax policies, and file your return, you should immediately file for an extension, which will allow you more time to finalize and submit your return without incurring a penalty. Remember that the extension is for more time to file and not more time to pay. If you expect you will owe something to the IRS make a quick guess and send that with your extension.”
Click here to review key updates, changes and reminders for this year’s tax season.
In a guest commentary opinion piece for Inc.com, Hall outlines strategies and new policy updates to the tax code that all Americans –and small business owners –can take advantage of in saving time and money – and file beneficial returns –as part of this tax return filing season. In the piece, he writes:
“With new entrepreneurs filing returns as small business owners for the first time many may not be aware of the benefits afforded to them since they'll be filing at the individual rate like the majority of Americans. These small business owners are uniquely positioned to take advantage of the tax policy available to them at the individual rate, while also benefiting from policies available to small business owners.
“The Internal Revenue Service updates the tax codeeach year with relevant changes impacting a filer's tax return and bottom line. These updates, along with key policy advancements like the home office standard deduction, are designed to save both time and money.”
To Speak with Keith Hall, a Certified Public Accountant and Small Business Expert, about this year’s tax season, please contact Kristofer Eisenla at kristofer@lunaeisenla.com
“Remember, you are not alone and there are resources out there for help, including NASE.org, IRS.gov and SBA.gov, where information and assistance is readily available,” concluded Hall.
Hall’s tax tips and strategies were also featured in a story by the Associated Press entitled, “Should you itemize or take a standard deduction on your tax return? Here’s what to know,” where he highlights often missed or hidden deductions every taxpayer and small business owner should consider.
# # #
The National Association for the Self-Employed (NASE) is the nation's leading advocate and resource for the self-employed and micro-businesses, offering a broad range of benefits to help entrepreneurs succeed and to drive the continued growth of this vital segment of the American economy.
The NASE NextBizThing helps identify and connect our nation’s smallest businesses. Need small business help? Check out NASE’s Ask the Experts for advice or the NASE Minute for small business support.
The NASE is a 501(c) (6) nonprofit organization and provides big-business advantages to hundreds of thousands of micro-businesses across the United States. For more information, visit the association's website at NASE.org
Hall’s tax tips and strategies were also featured in a story by the Associated Press entitled, “Should you itemize or take a standard deduction on your tax return? Here’s what to know,” where he highlights often missed or hidden deductions every taxpayer and small business owner should consider.