Many franchise owners overpay the IRS not because they lack profit, but because their business structure isn’t optimized. Operating under a default LLC can mean unnecessary self-employment taxes and missed deductions, while the right structure — like an S-Corp election — could potentially save thousands each year.

Not sure how much to pay when filing a 2025 tax extension? An extension gives you more time to file—but not more time to pay. Learn practical methods to estimate your payment, reduce penalties and interest, and file with confidence even if your return isn’t ready yet.