INCORRECT!
Oops! Don't Give Up!
“A tax loophole is something that benefits the other guy. If it benefits you, it’s tax reform.” — Anonymous
Need A Hint?
An extension gives more time to file the return, but not more time to pay tax owed.
Did You Also Know...
By Quiz Coins
SEP IRAs and solo 401(k)s allow many self-employed people to contribute far more toward retirement than a standard IRA.