Uploaded April 2023 | Updated September 2026, 1 week ago
I want to clear up some confusion and misconceptions that go along with filing a tax extension. This information applies to individuals, sole proprietors, single member LLCs, and side hustle business owners.
The reality is, when someone hears that their tax professional insists on filing an extension, for whatever reason, the person invariably freaks out. They want their return filed by the filing deadline because they don’t want to owe any penalties and interest.
In this video, I'll explain what it means to file a tax extension.
🛑 Got a Side Hustle? File Your Own Taxes Without Hiring an Expensive Accountant!
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
📘 FREE EBOOK FOR ENTREPRENEURS!
noellorenzanacpa.com/10-tips-to-simplify-your-taxes
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
Twitter: twitter.com/noelblorenzana
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/0VpMhQPM0Ak
youtu.be/KX2XTg6ERmY
Thanks for watching my video on, What it Means to File a Tax Extension.
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Filing a Tax Extension
01:07 - Tax Filing Deadline
02:19 - If You Don't File a Tax Extension
03:26 - What is a Tax Extension?
03:57 - Tax Extension Filing Misconceptions
04:33 - Call The IRS in 4 STEPS
Replay Video Link: youtu.be/ojHmexeNiGw
#taxes #tax #askanaccountant
I want to clear up some confusion and misconceptions that go along with filing a tax extension. This information applies to individuals, sole proprietors, single member LLCs, and side hustle business owners.
The reality is, when someone hears that their tax professional insists on filing an extension, for whatever reason, the person invariably freaks out. They want their return filed by the filing deadline because they don’t want to owe any penalties and interest.
In this video, I'll explain what it means to file a tax extension.
🛑 Got a Side Hustle? File Your Own Taxes Without Hiring an Expensive Accountant!
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
📘 FREE EBOOK FOR ENTREPRENEURS!
noellorenzanacpa.com/10-tips-to-simplify-your-taxes
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
Twitter: twitter.com/noelblorenzana
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/0VpMhQPM0Ak
youtu.be/KX2XTg6ERmY
Thanks for watching my video on, What it Means to File a Tax Extension.
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Filing a Tax Extension
01:07 - Tax Filing Deadline
02:19 - If You Don't File a Tax Extension
03:26 - What is a Tax Extension?
03:57 - Tax Extension Filing Misconceptions
04:33 - Call The IRS in 4 STEPS
Replay Video Link: youtu.be/ojHmexeNiGw
#taxes #tax #askanaccountant
