How To File For An Extension on Tax Returns

How To File For An Extension on Tax Returns

Are you one of the millions of people who wait until the last minute to file your taxes? If so, you’re in luck! You can still file for an extension of your tax returns. In this post, we’ll walk you through the process of filing for an extension and show you what to expect. Remember that an extension only gives you more time to file your taxes; it doesn’t extend the time to pay any taxes that you may owe.

What is an Extension for Filing Tax Returns

An extension for filing tax returns is an extension of time to file your tax return. The purpose of an extension is to give you more time to file your return, but it does not extend the time to pay any taxes that you may owe. To file for an extension, you can use Form 4868, available on the IRS website.

Up to How Long is the Extension for Filing Tax Returns

The extension for filing tax returns is six months. You have six months to file your return after the original due date. Note, however, that this does not extend the time to pay any taxes that you may owe.

Steps to Filing an Extension on Tax Returns

Fill out and submit Form 4868 to the IRS to file for an extension. This form is available on the IRS website. You can submit the form online, by mail, or by fax. Include your name, address, daytime phone number, and Social Security number (or individual taxpayer identification number if you’re filing for a business). You’ll also need to estimate your tax liability and make any required payment.

 

Make sure to keep a copy of the form for your records. Once you’ve filed Form 4868, you’ll have until October 15th to file your return.

What Happens After You File an Extension

If you file for an extension, you will have more time to file your tax return. The extension is six months long, and you can use Form 4868 to do this. You can submit the form online, by mail, or by fax. After filing the form, you will have until October 15th to file your tax return.

https://www.nbcchicago.com/news/local/2022-tax-day-filing-for-a-tax-extension-heres-how-that-works-and-when-your-taxes-are-due/2809497/

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

https://www.cnet.com/personal-finance/taxes/you-missed-the-tax-deadline-now-what-should-you-do/

Contact Us!

    Recent Articles

    Identity Credit Score

    If you find errors on your credit report, you can take steps to have the inaccurate information removed. This will help improve your credit score

    Read More »

    FREE Consultation!

    Don’t Let Your Credit Hold Back Your Financial Dreams.