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Avoid Up to 47.5% in IRS Penalties: What Happens If You Miss Your Tax Extension—and How to Prevent It Filed an extension? Great—but remember, an extension gives you more time to file, not to pay. If you still owe tax from April, penalties and interest are already running. And if you fail to file by...Read More

And How Black Inc Tax Services Can Help You Stay Ahead 1. What are the current income tax brackets & top rates in California? Answer: California uses a progressive tax system with 9 state income tax brackets. Rates range from ~1% on the lowest taxable incomes, up to 12.3% on high earners. For people earning...Read More

📌 Regular IRS Tax Extensions If you filed IRS Form 4868 by April 15, your new filing deadline is October 15, 2025. Applies to both individual returns (Form 1040, Schedule C) and business returns (LLCs, S-Corps, partnerships, corporations). 📌 Los Angeles County Fire Relief Extensions Following the January 2025 wildfires, the IRS and Franchise Tax...Read More