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April is the key tax month in the United States. If you haven't filed yet, this guide will help you decide between filing today or asking for an extension correctly (and without unnecessary fines). We explain in simple language what to do, what to avoid and how we can help you at La Familia Multiservices.
This month's essentials
- Deadline: The usual federal deadline for filing taxes is April 15, 2026. If you need more time to gather documents, you can ask for an “extension” to file until October. Note: the extension gives you more time to file, not to pay.
- Fines that you can avoid:
- Penalty for not filing: 5% of the tax due for each month or fraction, up to 25%.
- Penalty for not paying: 0.5% per month, also capped. Paying something today greatly reduces this fine.
Fast (backed up) data that matters now
- More than 9 out of 10 declarations are already sent online (e-file). In 2023, around 92% of individual returns were filed electronically. Source: IRS Data Book.
- Millions ask for extension every year. The IRS processes about 19—20 million extension requests (Form 4868) in a typical season. Source: IRS Data Book.
- A lot of people use a professional. More than half of taxpayers hire a paid preparer to file properly. Source: National Taxpayer Advocate (Report to Congress).
- 1 in 5 eligible families does not claim the Earned Income Credit (EITC), losing money. Source: IRS EITC Outreach.
Am I filing now or asking for an extension?
- Submit now if:
- You already have W‑2/1099 and other proof of income.
- You can review your most common deductions/credits (standard or itemized, EITC, Child Credit, education).
- You prefer to receive any reimbursement first.
- Ask for extension if:
- You are missing forms (for example, 1099 for “gig economy” or investment statements).
- You've had big changes (selling a house, new business) and you need time to organize numbers.
- Important: even if you ask for an extension, try to pay what you think you owe today to minimize penalties and interest.
How to order a well-done extension (takes 10—15 minutes)
- Step 1: Estimate what you owe. Add income and apply your approximate rate. If you're not sure, pay at least something—any payment reduces the penalty for not paying.
- Step 2: Send the extension:
- Online with the IRS (free) or through tax software.
- Use IRS “Direct Pay” and select “Extension (Form 4868)” to pay at the same time.
- Step 3: Save the voucher. Check the IRS confirmation number and payment receipt.
Quick steps to submit today
- It brings together: IDs, SSN/ITIN, W‑2/1099, bank statements, mortgage (Form 1098), medical and education expenses, IRA contributions, estimated payments, letters from the IRS.
- Choose electronic filing (e-file) with direct deposit for faster reimbursement with fewer errors.
- Review 3 key points:
- Correct bank details for deposit.
- Dependents: not to be claimed by someone else by mistake.
- Credits and deductions that apply (EITC, Child Credit, Dependent Care, Education).
Common Mistakes That Cost Money
- Don't claim the EITC when you qualify (many families lose it).
- Forget income from platforms (Uber, DoorDash, Etsy) or interest/crypto; the IRS receives copies and can send notices later.
- Enter the wrong routing number or bank account and delay the refund.
- Trust the extension and pay nothing today; that increases fines and interest.
How La Familia Multiservices helps you today
- Individual and business tax return (quick e-file).
- Calculation of payments to minimize fines if you ask for extension.
- Review of credits and deductions to maximize your reimbursement.
- ITIN, self-employment taxes, and planning for 2026.
Schedule your appointment or write to us at www.lafamiliamultiservices.com. We serve in Spanish, with personalized attention and clear prices.
References and sources
- IRS Data Book (electronic return statistics and form volumes, including extensions): https://www.irs.gov/statistics/irs-data-book
- IRS — Filing Season Statistics (filing season trends): https://www.irs.gov/newsroom/filing-season-statistics
- IRS — Earned Income Tax Credit (EITC) — “4 out of 5” claim the credit: https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit-eitc
- National Taxpayer Advocate, Annual Report to Congress (use of paid preparers by more than half of taxpayers): https://www.taxpayeradvocate.irs.gov/reports/2023-annual-report-to-congress/
- IRS — Penalties (fines for not filing and not paying): https://www.irs.gov/payments/penalties
- IRS — Extension of Time To File Your Tax Return (Form 4868): https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return
- IRS — Direct Pay (to pay with the extension): https://www.irs.gov/payments/direct-pay
Note: This information is general and may change. It does not constitute individual legal or tax advice. For a personalized recommendation based on your situation, contact us.
