Everything Need to Know about Filing a 4868 Tax Extension

When the income tax filing due date is fast approaching and you need some extra time to file your 4868 taxes, you are left with one more option Form 4868. Yes with IRS Form 4868 you can file an extension, which is inexpensive, simple, and gives you 6 months extra time to file your tax return. Form 4868 is an application for an Automatic Extension of Time to File a U.S. Individual Income Tax Return.

Form 4868 Income Tax Extension

When you e-file the 4868 form, IRS allows 6 months of time to file your personal income taxes. And the tax extension must be filed on or before April 18 deadline. When you have submitted the tax extension form, you have time until October 15th to submit your tax information. Note that this extension grants you time to file your tax return and that does not allow you extension time to pay your taxes. Do not hesitate to file an extension time as it saves you from penalties. So when you foresee that there is no chance of filing your returns before the IRS deadline, then it is better to file Form 4868 electronically.

If you owe a tax amount to the IRS and when you miss the deadline, you just need to pay the penalties and interest for not paying the tax on time; even if you have filed a 4969 tax extension.  In short, pay the tax amount before the deadline, and only filing the tax can be extended. And the most interesting part of Form 4868 is that you do not need to specify any reason for applying for an extension. Tax2efile is an authorized tax service provider ensures that the tax filer gets the entire benefits from us. The income tax form filers of 1040, 1040 A, 1040 EZ, 1040 NR, 1040 NR-EZ, 1040 PR, or 1040 SS and 1099 can file their 4868 extensions and get a credit of 6 months to file their tax returns.

Things that You Need to Know about IRS 4868 Tax Extension Form

1.    When you cannot pay the whole tax amount before the April 18 deadline, you can pay as much as you can while you file the extension and pay the rest of the amount when you file the tax return by the deadline of October 15.

2.    When you cannot pay the tax amount in full, you can set up an installment agreement option with the IRS.

3.    You no need to specify any reason for filing your extension.

4.    The extension of 6 month time is automatic when you file Form 4868 and you need to send a special request for it.

When you E-file 4868 Form with Form 4868 you can pay the tax amount to the IRS through any of the payment options. Then you can come back at any time before the extension period and file the tax return. For further queries call us at 703-229-0326 or drop an email at support@tax2efile.com.