Extra Time Needed For Taxes

Calling for Extra Time: How the Extension Works
If you were smart enough to file Form 4868 by the April deadline, you have successfully secured "extra time."
Your new deadline to submit your final 2025 tax return is October 15, 2026.
However, many taxpayers misunderstand the rules of this extension.
An extension to file is NOT an extension to pay.
The IRS expected your payment by April 15.
If you owe money, interest is already being charged on that balance every single day.
Say, for example, you owe $2,000 in taxes.
Even with an extension, the IRS will charge you interest on that $2,000 from April 16 until the day you
pay it in full.
Avoiding Red Cards: The High Cost of Late Filing
The IRS has two main penalties that can ruin your financial season: the Failure to File penalty and the
Failure to Pay penalty.
The Failure to File penalty is generally 5% of the unpaid taxes for each month or part of a
month that a tax return is late.
This penalty starts accruing the day after the tax filing due date.

It can reach a maximum of 25% of your unpaid taxes.
In contrast, the Failure to Pay penalty is much smaller: usually 0.5% per month.
This means the penalty for not filing the paperwork is TEN TIMES higher than the penalty for
not having the money to pay.
Bold takeaway: You must file your return immediately, even if your bank account is empty.
Submitting the forms stops the most expensive penalty from growing any further.
Meet Your Head Coach: Sam at AARS Notary and Tax
When the pressure is on and the clock is ticking, you need an expert coach in your corner.
Sam at AARS Notary and Tax is the MVP you need to navigate these complex regulations.
Tax laws change every year, and the 2025 tax year has specific nuances that could mean the difference between a massive bill and a surprising refund.
Sam doesn't just "plug in numbers."
We provide a professional "playbook" for your finances, looking for every legal deduction and
credit available to you.
Whether you are a veteran, a senior, or a business owner, Sam understands the specific "plays" that
lead to a win.

Our team at AARS Notary and Tax has years of experience handling late filings and extension periods.
We file taxes in all 50 states.
You don't have to be in Oklahoma to get the benefit of Sam's expertise.
Through our secure online portal and mobile options, we can review your documents and file your return from anywhere in the country.
Scoring the Oklahoma Caring for Caregivers Tax Credit
One of the biggest "goals" we can help you score is the Oklahoma Caring for Caregivers Tax Credit.
Many families are under significant financial stress while caring for aging parents or disabled loved
ones.
This credit is designed to put money back in your pocket for the selfless work you do.
To qualify for this credit in the 2025/2026 season, you must meet several specific criteria:
• Income Limit: You must have a federally adjusted gross income of less than $50,000 as an individual or $100,000 for a couple.
• Age of Recipient: The family member you are caring for must be 62 years of age or older.
• Medical Necessity: They must require help with at least two "activities of daily living," certified by
a licensed health professional.
• Credit Amount: You can receive 50% of your eligible expenses back, up to $2,000.
• Enhanced Credit: If you are caring for a Veteran or someone with Dementia, that cap increases
to $3,000.
Eligible expenses include home modifications (like ramps), medical equipment, and home
health services.
Sam knows exactly how to document these expenses so they stand up to IRS and state scrutiny.
We understand that you are counting on this money to pay your bills and sustain your caregiving efforts.
Why You Can't Afford to Wait Until October
While the October 15 deadline seems far away, waiting until the last minute is a recipe for disaster.
The closer we get to the final whistle, the harder it is to gather the necessary documentation.
If you wait until October, you might find that you are missing a critical receipt or a 1099 form that you
can no longer locate.

By filing now, you stop the interest clock and give yourself time to set up a payment plan if
you owe money.
The IRS offers various payment arrangements, but they are much more likely to be approved if you
show a good-faith effort to file your return early in the "extra time" period.
The AARS Advantage: More Than Just Taxes
At AARS Notary and Tax, we don't just stop at the tax return.
We offer a full suite of services to ensure your legal and financial documents are in perfect order.
If your tax filing requires notarized signatures for business formation or specialized affidavits, we have
you covered.
Our mobile and online notary services mean you never have to leave your home or office.
We can witness your signatures remotely, ensuring that your documents are legally binding and filed
on time.
This level of convenience is why entrepreneurs and busy families choose Sam year after year.
Final Whistle: Contact Sam Today
The clock is ticking on your 2025 tax return.
Don't let penalties and interest eat away at your hard-earned money

Whether you need to file a late return, complete an extended return, or claim the Oklahoma Caregiver Credit, we are ready to help.
Take these three steps right now:
1. Gather your W-2s, 1099s, and any receipts for caregiver expenses.
2. Reach out to our team at AARS Notary and Tax.
3. Let Sam review your documents to find every possible way to "score" for your family.
Contact us today at www.aarsntok.com to schedule your consultation.
The game isn't over until the final whistle( let's make sure you finish with a win.)