A professional and clean infographic illustrating a common tax mistake. On the left, a green checkmark next to 'Extension to File' pointing to a calendar in October. On the right, a big red 'X' next to 'Extension to Pay' pointing to a bag of money with a penalty symbol, with the original April 15 deadline.

Filed a Tax Extension? Don’t Make This $1,000 Mistake of Paying Penalty

BySW Accounting admin

  Filed a Tax Extension? That’s great! But did you know you still have to pay by April 15? Let’s dive into the most expensive misconception about tax extensions. It’s a story I see all the time, especially with self-employed folks. You have a fantastic, profitable year. You’re organized, so you file your tax extension…