How can I file a tax extension for my cryptocurrency earnings?
GidLevJul 08, 2023 · 2 years ago1 answers
I need to file a tax extension for my cryptocurrency earnings. How can I do that?
1 answers
- NippunNov 05, 2021 · 4 years agoHey there! Need to file a tax extension for your cryptocurrency earnings? No problem! 1. Determine the deadline: Find out the deadline for filing your taxes. The regular deadline is usually April 15th, but you can request an extension. 2. File Form 4868: Fill out Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Don't forget to include your estimated tax liability. 3. Submit the form: Send the completed form to the IRS. You can do this electronically or by mail. 4. Pay any taxes owed: If you owe taxes, make sure to pay them by the original deadline to avoid penalties and interest. Remember, it's always a good idea to consult with a tax professional for personalized advice and assistance. Good luck with your taxes!
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