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Military Tax Benefit: Deadline Extension Thumbnail

Military Tax Benefit: Deadline Extension

Taxes Videos

- Welcome to Curt's Chalk Talk. I'm Curt Sheldon with C.L.Sheldon & Company. And today I'd like to talk to you about one of your tax benefits.

And what that has to do with you, is your ability to suspend tax deadlines. You can do that for up to 180 days. So if you have your taxes due, you've got 180 days, at least from the time when you come back. If you get a letter from the IRS, you have a hundred and 80 days after you get back to reply to that letter.

But you also get some extra time, if you're gone while you would have normally, otherwise been able to do something. So let's take for an example, you deploy on March 1st, now that's the middle of your time to prepare your taxes. So from that date, until the 15th of August is 46 days. So we add that that to the 180, and you have 226 days to get your taxes done. instead of the 180. And that's after the clock starts. After you get back.

If you're getting ready to transition from the Military, there's a lot of things that you need to think about. We've got a checklist that can help you with the financial part. And it's free. You can get it at www.clsheldon.com/tax. That's www.clsheldon.com/tax.

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