Ep 73: Tax Extensions: Your Secret Weapon!

In this, we discuss the benefits of tax extensions and how to file for the extension. They allow you to fix issues, correct errors, obtain missing tax documents, and, if you have overseas filing requirements, file them first. This may allow you to claim foreign tax credits for taxes paid overseas. Extending tax filing does not mean extending the tax-paying deadline if you owe taxes. Episode Links and Resources Ep 40: Avoid These Tax Mistakes With Your Cross-Border Taxes Does My State Accept the Federal Tax Extension? Stop Fearing Tax Extensions ⏳:Why Buying Time Can Actually Save You Money 💸 ----------------------------------------------------------------------------- The IM Café Finance / Tax Roastery  (Store) Is Live Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode. If you'd like to work with us on your finances or taxes, check out the process  --------------------------------------------------------------------------------- Be sure to join the conversation by visiting our page:  The International Money Cafe Or by following us on social media:-  LinkedIn; Instagram; Twitter (X); Facebook. ------------------------------------------------------------------------------------ The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.