How To File IRS Extension

Need to know how to file an IRS extension? Tax deadlines can sneak up on you and before you know it, April 15 is here. If you have not filed your taxes, you will need to file IRS extensions so that you will have an extra six months to get your federal taxes done.

Things you will need:

• Form 4868

1. Use a software program or ask a tax professional to e-file the form 4868 for you before midnight on April 15. If you will owe any tax to the IRS, you will need to use a credit card or debit card to pay the estimated tax owed. You must pay at least $1 to receive the extension if you are not paying the amount due in full.
2. Print out the form from the Internet if you wish to send the form through the mail. If you don’t have a printer, you can obtain the form at your local library or Internal Revenue Office.
3. Enter the name of the primary tax payer if you are married or your name if you are single. You will need to enter your address and social security number.
4. Enter your estimated tax liability on line 4 and any payments that you may have made on line 5. On line 7 enter the amount if any that you are sending along with the extension. Check box 8 or 9 if either one applies to your situation.
5. Send the form 4868 to the correct address for your particular state. You will find the address on page 4 of the form 4868. You will need to mail a check, money order or cashiers check with the estimated tax that you owe from line 7.

Tip:

If you do not send along an estimated payment of tax due, you will owe penalties and interest when you do file and pay the tax due. The IRS will send you a bill after you file your tax return.

Resources:

http://www.irs.gov/pub/irs-pdf/f4868.pdf