“If you’re missing information,” she said, “you’ll need to file an extension.” ![]() Forms like Schedule K-1, for instance, which shows income from partnerships, are habitually tardy and are becoming more common as more people invest through partnerships. Labant, director of tax advocacy with the American Institute of Certified Public Accountants. Why ask for extra time? Extensions can be a good idea if taxpayers receive necessary forms late, said Melissa M. ![]() An extension grants an extra six months to prepare and file a federal income tax return. The Internal Revenue Service projects that it will receive 13.5 million requests for extensions of time to file this year. So with tax day approaching on Monday, it’s time to think about filing an extension. EVEN though taxpayers have a few extra days this year to file their federal income tax returns, some still won’t make the deadline.
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