An extension for filing a return is not an extension for paying taxes. An official website of the United States Government Individual taxpayers, regardless of their income, can use IRS Free File to electronically request an automatic extension of their tax return. You can also get an extension by electronically paying all or part of your estimated income tax due and stating that the payment is for an extension. You can make a same-day payment using online account services.
A payment can be scheduled with Direct Pay using the Electronic Federal Tax Payment System (EFTPS) or with a credit or debit card. If the indicator is selected when making the payment, you will not have to submit a separate extension form and you will receive a confirmation number for your registration. You can file an extension for your taxes by sending Form 4868 to the IRS online or by mail. This must be done before the last day of filing taxes.
Filing an extension to pay your taxes gives you additional months to prepare your return no matter why you need that extra time. One option is to file Form 4868 online through the IRS Free File, which offers free guided tax preparation software. Anyone can visit that site and apply for the extension, regardless of their income, said certified financial planner and registered agent John Loyd, owner of The Wealth Planner in Fort Worth, Texas. Yes, getting an extension is a fairly simple process.
All you need to do is fill out Form 4868 and send it to the IRS, either electronically or by mail, before the deadline. The form itself isn't very long, although coming up with an estimate of your total tax liability for the tax year can sometimes be complicated. If it's a spelling error or providing information that doesn't match the IRS records, the tax authority will normally give you a few days to resolve those errors and resubmit the form, this time accurately. If you can't meet the April 18 tax deadline, there are several ways to request a federal extension, with or without a tax professional.
To request an extension to file your taxes, fill out and submit IRS Form 4868 before tax filing day, which is usually April 15. You'll still have to pay your taxes before the original due date that year, even if the IRS gives you an extension to file them later. Individual taxpayers, regardless of income, can use IRS Free File to electronically request an automatic extension of their tax filing. While you won't fill out Form 4868 on paper line by line, your tax extension information will be sent online to the IRS. You can download the form from the IRS website or request that a paper form be mailed to you by filling out an order form on the IRS website.
Remember that receiving an extension to file your tax return doesn't allow you to pay your taxes late either. As with your federal tax return, the state extension only serves to give you more time to file your return, not to pay your taxes.
