Extension

Why Extend?

• We can nuance any needs for cost basis / expenses / carryovers / tax positions

• Ensure proper IRA treatment, tracking, and aim to avoid IRS notices

• Free time for any 4/15 hard deadline conversations or current year questions should these arise in Q-1

• Finish without time and fee pressure (tax season time tends to be at a bit more of a premium)

• Occasionally other amended tax documents, transactions, and questions can arrive later in the year

• If we have all the info, barring other issues or needs we target a 6/15 completion date- Ensure time for other important compliance matters such as crypto or foreign matters

• At times have better hind-sight on tax elections (such as bonus depreciation) as we can factor in the current tax year

• High income, late info, and general complexity all warrant the more intelligent (still not elegant) work-flow that an extension assists with