The April 15 tax deadline is coming up. If you need more
time to file your taxes, you can get an automatic six month extension from the
IRS. Here are five things to know about filing an extension:
1. Use IRS Free File to file an extension. You can use IRS Free File to e-file your extension request for
free. Free File is only available through IRS.gov. You must e-file the request
by midnight on April 15. Don’t forget to come back to Free File to e-file your
taxes for free. You can access the program at any time through Oct. 15.
2. Use Form 4868. You can also request an extension by filling out Form 4868, Application for Automatic
Extension of Time to File U.S. Individual Income Tax Return. You must mail this
form to the IRS by April 15. Form 4868 is available on IRS.gov/forms at any
time.
3. More time to file is not more time to pay. An extension to file will give you until Oct. 15 to file
your taxes. It does not give you more time to pay your taxes. You still must
estimate and pay what you owe by April 15 to avoid a late filing penalty. You
will be charged interest on any tax that you do not pay on time. You may also
owe a penalty if you pay your tax late.
4. Use IRS Direct Pay. The safe, fast and easy way to pay
your tax is with IRS Direct Pay. Visit IRS.gov/directpay to use this free and secure way to pay
from your checking or savings account. You also have other electronic payment options. The IRS
will automatically process your extension when you pay electronically. You can
pay online or by phone.
5. IRS helps if you can’t pay all you owe. If you can’t pay
all the tax you owe, the IRS offers you payment options. In most cases, you can
apply for an installment agreement with the Online
Payment Agreement tool on
IRS.gov. You may also file Form
9465, Installment Agreement Request. If you can’t make payments because of a financial hardship, the IRS will work
with you.
No comments:
Post a Comment