Filed a Tax Extension? Here’s What to Do Next
If you filed a tax extension this year, you’re not alone. Many folks across Southwest Arkansas have taken a little extra time to gather paperwork, wait on delayed tax forms, or simply catch their breath after a busy spring. But now that the April deadline has passed, it’s time to start thinking about what comes next.
An Extension Gives You More Time to File—Not to Pay
It’s a common misunderstanding, but it’s worth repeating: a tax extension only gives you more time to file your return, not more time to pay what you owe. If you had a tax bill due on April 15 and didn’t pay it, the IRS may charge interest and possibly penalties until it’s settled. So if you’re not sure where you stand, now is a good time to check in with Jena and the team.
Mark Your Calendar: October 15 is the Deadline
The extension moves your federal filing deadline to October 15, but that date will sneak up on you faster than you think. Waiting until the last minute could mean more stress—and fewer available appointment slots at JR Chance Accounting and Tax Preparation. Getting your paperwork in order now will make everything much smoother.
Here’s How to Get Ahead
Gather any missing documents you were waiting on earlier in the year—W-2s, 1099s, retirement income, or anything else needed to file accurately.
Book your appointment with Jena and the team early. As we get closer to fall, the calendar fills up quickly—especially once school is back in session and routines pick up.
Double-check your state filing. While the federal extension gives you until October 15, Arkansas may have different rules depending on your situation. We can walk you through it.
We’re Ready When You Are
At JR Chance Accounting and Tax Preparation, our team is proud to serve clients in Hope and the surrounding small towns with friendly, dependable service. Whether you're in town or coming from a nearby community, we’re ready to help you finish up your 2024 taxes without the last-minute rush.
Call or stop by when you’re ready—we’re here to make tax time less stressful.