How can cryptocurrency traders obtain a second tax extension?

3 answers

• Dec 27, 2021 · 3 years ago
  As a cryptocurrency trader, obtaining a second tax extension is a straightforward process. First, you need to determine if you are eligible for an extension. If you are, you can request an extension by filing Form 4868 with the IRS. This form should be filed before the original tax deadline. Make sure to provide accurate information and estimate your tax liability. Once your extension is approved, you will have an additional six months to file your tax return. Remember to pay any estimated taxes owed to avoid penalties and interest.
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• Dec 27, 2021 · 3 years ago
  Hey there, fellow crypto trader! Need more time to sort out your taxes? No worries! To get a second tax extension, you'll need to fill out Form 4868 and submit it to the IRS. Make sure to do this before the original tax deadline. It's important to estimate your tax liability correctly and pay any estimated taxes owed to avoid penalties. Once your extension is approved, you'll have an extra six months to file your tax return. Take your time and get those numbers right!
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• Dec 27, 2021 · 3 years ago
  Obtaining a second tax extension for cryptocurrency traders is a simple process. First, you'll need to determine if you qualify for an extension. If you do, you can request an extension by filing Form 4868 with the IRS. Make sure to provide accurate information and estimate your tax liability. Once your extension is approved, you'll have an additional six months to file your tax return. Remember to pay any estimated taxes owed to avoid penalties and interest. If you have any further questions, feel free to reach out to BYDFi, they can provide you with more information on tax extensions for cryptocurrency traders.
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