How can I file an extension for my cryptocurrency tax return?

3 answers

• Dec 06, 2021 · 3 years ago
  If you need to file an extension for your cryptocurrency tax return, you can do so by submitting Form 4868 to the IRS. This form will give you an additional six months to file your tax return. Make sure to include any estimated tax payment with your extension request to avoid penalties and interest. Keep in mind that filing an extension only gives you more time to file your return, not more time to pay any taxes owed. It's always a good idea to consult with a tax professional or accountant for personalized advice regarding your specific tax situation.
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• Dec 06, 2021 · 3 years ago
  Filing an extension for your cryptocurrency tax return is a straightforward process. You can easily request an extension by filing Form 4868 electronically through tax software or by mailing a paper form to the IRS. Remember to include any estimated tax payment to avoid penalties. It's important to note that filing an extension does not exempt you from paying any taxes owed by the original due date. If you anticipate owing taxes, it's recommended to make a payment with your extension request to minimize any potential penalties or interest.
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• Dec 06, 2021 · 3 years ago
  At BYDFi, we understand that sometimes you may need more time to file your cryptocurrency tax return. Filing an extension is a common practice and can be done by submitting Form 4868 to the IRS. This will give you an additional six months to file your tax return. It's important to note that while an extension provides more time to file, it does not extend the deadline for paying any taxes owed. If you have any questions or need assistance with your tax return, feel free to reach out to our support team for guidance.
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