Comprehensive Extended Tax Return Services in Chicago
At Lewis CPA, we specialize in income tax preparation services, including professional support for filing tax extensions. Whether you're a business owner or an individual, our team ensures compliance with critical deadlines, such as September 16th for businesses and October 15th for individuals. Let us simplify the process for you!
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Extended Tax Return Specialists in Chicago
Lewis CPA, based in Naperville, IL, has provided reliable tax services to individuals and businesses for decades. Specializing in extended tax returns, we help clients navigate the complexities of missed deadlines and IRS extensions to ensure accurate and timely filings. Why hire us for your tax return?
- Save time & reduce stress: We handle the paperwork and ensure you comply with all tax requirements, so you don’t have to worry about missing deadlines or making mistakes.
- Stay updated on tax law changes: Tax laws are constantly changing, and we make sure your return reflects the latest updates to help you take full advantage of potential deductions.
- Fix past mistakes: If you’ve made errors on previous returns, we’ll review your history to correct them and prevent costly penalties moving forward.
- Adjust to life changes: Major events, such as marriage, divorce, or a new job, can affect your taxes. We guide you through these changes to maximize tax benefits.
- Optimize benefits for dependents: If you support family members financially, we can help you take full advantage of deductions and credits available to you.
- Business tax support: Whether you’re a startup or an established business, we can help you navigate complex tax laws, deductions, and credits, avoiding costly mistakes.
- Navigate state and local tax differences: Moving to a new state or city? We can help you understand how tax laws in your new location will affect your filings.
- Investment strategy: When buying or selling assets, we help minimize tax liabilities and maximize deductions related to your investments.
- Plan for the future: Beyond just filing your taxes, we work with you to set long-term financial goals and create strategies for achieving them.
Our Tax Filing Services for Extended Deadlines
If you can’t meet the standard filing deadline (typically April 15th), requesting an extension provides you with additional time to prepare and file your return accurately. However, keep in mind that this doesn't extend your payment deadline. With our comprehensive services at Lewis CPA, we handle the intricacies of extended tax return preparation to help you stay on track and avoid unnecessary penalties. Below, we’ve outlined our tax return solutions:
Business Tax Extensions
We specialize in filing tax extensions for all types of business entities (S-Corp, C-Corp, Partnerships, LLCs). If your business needs extra time to file its federal tax return, we can help you secure a federal tax extension.
Individual Tax Extensions
We can file an IRS tax extension on your behalf and ensure that you meet the extended due date. Additionally, we help you calculate any estimated tax payments required during the extension period to reduce the likelihood of taxes owed when you file.
Complex Tax Filings
For individuals and businesses dealing with foreign income, multi-state tax filings, or other complicated situations, we provide tailored solutions to ensure every detail is handled with precision to minimize your tax bill.
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Get Started Today with Lewis CPA
Contact us now to schedule a consultation and get your extended tax returns prepared with confidence.
Contact UsOur Step-by-Step Process for Filing Your Extended Tax Return
At Lewis CPA, we make the tax preparation process easy and stress-free. Here’s how we help you every step of the way:
Initial Consultation
We start with an in-depth consultation to understand your unique tax situation, business needs, and extension requirements. This allows us to create a tailored strategy for your return.
Document Collection & Review
Once we understand your situation, we help gather all the necessary documents including income statements, business expenses, deductions, and credits.
Tax Return Preparation
Our professionals prepare your return carefully, ensuring all forms are completed accurately. We leverage our deep knowledge of tax laws to maximize your refund or minimize your liability.
Final Review & Filing
We review your return together, answering any questions you have. Once everything looks good, we file it on your behalf, always submitting it before the deadline.
Ongoing Support
After filing, we continue to offer support, answering questions and providing additional tax planning strategies for future filings.
Why Choose Lewis CPA for Your Extended Tax Returns?
When it comes to extended tax returns, trust Lewis CPA for a seamless and worry-free experience. Here’s why our approach stands out:
Expertise & Experience
Advanced Technology
Government Compliance
Client Reviews
Filing an Income Tax Extension FAQs
When is the tax extension deadline for 2024 taxes?
You'll need to request your extension by April 15, 2025, which is when regular tax returns are due. Just make sure to submit IRS Form 4868 by then to receive the automatic 6-month extension. If you miss this deadline and owe money, you may face some hefty penalties.
What happens if I don't pay by April 15?
Unfortunately, you'll start racking up some charges. The IRS will begin charging interest right away. Plus you'll get hit with a penalty of 0.5% each month on what you haven't paid. To avoid most penalties, try to pay at least 90% of your taxes by April 15. And keep in mind — if you don't pay at all, the IRS might eventually take collection action.
What's the penalty for filing late without an extension?
The late filing penalty without an extension is severe. The IRS charges 5% of your unpaid taxes for every month you're late (up to 25%). If you're significantly late — more than 60 days — you'll have to pay at least $485 or your full tax amount, whichever is less. Plus, you'll still face those interest charges and late payment penalties we talked about earlier.
What documents do I need for an extended tax return?
You'll want to gather all your income documents — think W-2s from your employer and 1099s from any side work or investments. Don't forget about receipts for tax-deductible expenses too. Our team can give you a personalized list of exactly what you'll need when we meet.
How do I file a tax extension?
For tax extensions, you have three main options:
- Do it online: Use tax software, the IRS website, or have a tax preparer submit it electronically.
- Send it by mail: Fill out Form 4868 and get it postmarked by April 15 (keep your receipt!).
- Pay electronically: Use IRS Direct Pay and mark it as an extension payment (this automatically extends your filing time).
Are there special extensions for natural disaster areas?
The IRS usually cuts some slack in these situations. If your area is declared a federal disaster zone, you'll likely get automatic extra time without needing to ask. This covers both filing and paying, and sometimes even applies to multiple tax years. The IRS will announce the specific details for your area.
What's the deadline for Americans living abroad?
If you're living abroad, you automatically have until June 16, 2025, to file your return or request an extension. If you need even more time, you can get until October 15. Remember, though — if you owe any taxes, they're still due by April 15, and interest will start adding up after that.
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Ready to Get Your Extended Tax Return Filed?
Contact Lewis CPA today to schedule your consultation! Our skilled CPAs will ensure that your tax return is prepared accurately and on time, giving you invaluable peace of mind this tax season.