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499
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Office of Chief Counsel 360x1000
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9albion
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8albion'
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12albion
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2confidencegames
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2albion
399
199
AlexRosenberg
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Filing Extension On April 15 Can Be More Important Than You Think

Filing Extension On April 15 Can Be More Important Than You Think

What these three elections have in common, along with a lot more, is that they must be made by the due date of the return to which they apply.  The due date includes extensions.  This is what makes Form 4868 so important even for people who do not have to worry about penalties.  There are ways to get relief for late elections, but it is a lot more trouble than filing an extension.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.