How to Request a Tax Filing Extension
Tip It!Have you finished your taxes? If not, you’ve got some extra time this year due to that fact that April 15th fell on a Sunday, and the deadline was pushed back further due to April 16th being a local holiday in Washington, D.C. But that still leaves you with just one day to finish the job. If that’s not enough time, then you might want to consider filing an extension. To do so, simply fill out and submit IRS Form 4868. Keep in mind, however, that you’re only getting an extension on filing, not on paying. Thus, you’ll still need to estimate how much (if anything) you think you’re going to owe, and send it in along with the form if you wish to avoid possible underpayment penalties.
Published on April 16th, 2007 - 4 Comments
Filed under: Taxes
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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April 16th, 2007 at 5:20 pm
I didn’t know the extension was only good on filing, not paying! This is a huge help nickel, thanks man!
April 16th, 2007 at 5:21 pm
O and just so people know, I think you can file the extension through turbo tax the software. I remember doing mine last week and it asking about filing an extension. Just in case someone needs that, could come in handy :p
April 17th, 2007 at 12:41 am
I find it best just to file and pay my taxes early just to avoid the headaches a late filing can cause.
April 14th, 2009 at 12:40 pm
You did not mention how difficult it is to file electronically. A coterie of private companies have bribed Congress to allow them to link up with the IRS web site and provide that service, for a fee, of course. It is like the passport office web site having links to various airlines.
So, from http://www.irs.gov you are delivered to a bewildering array of private purveyors who will require you to open an account (login, password, security question, etc.) before proceeding any further. What ought to be a simple and free transaction between citizen and the Government is transformed into something needlessly complex for private benefit.