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  • Filing state and federal taxes can be a daunting task, especially if you owe money. It can be hard to find the time to get around to preparing your taxes or having someone else prepare them, and the deadline to file taxes is April 15. California residents who can't get around to filing their state return on time automatically get a tax extension.

    File Your Federal Taxes

    Filing your federal taxes is just as important as filing your state taxes, if not more so. Have your federal taxes professionally prepared or set aside the time to prepare them yourself. If you don't have all of your information together or need more time, consider filing for an extension. You can find information on this from the IRS website.

    Pay Your Balance

    If you know that you owe on your state and federal taxes, do the best you can to pay it or make arrangements to pay it by the April 15 deadline, regardless of whether you are filing for an extension. This will keep you from having to pay interest and penalties in the meantime.

    Automatic Extension in California

    If you decide that you need extra time to get your California state taxes prepared, you have several extra months to get it done. California grants an automatic extension on filing state taxes until Oct. 15 of that same year. You won't have to file an extension formally, but be sure to file before the second deadline to avoid any penalties.

    Source:

    State of California: Franchise Tax Board

    Internal Revenue Service: IRS Official Site

    More Information:

    IRS: Extension of Time to File Federal Taxes

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