Tax Extension: Need More Time to File IRS Federal Taxes – Here’s How

While all Americans received a small extension to file their federal income taxes this year, after the deadline was moved to the 18th, many still need a little more time. If you fall into that category, there is a quick and easy solution for you. File for a tax extension.

While it may sound like a daunting task, filing for an extension couldn’t be simpler – it’s as easy as one brief form. What you need is IRS Form 4868. You can find this form at the IRS.gov web site. Just do a search for Form 4868 on their web site. The form is very brief, so just fill it out and get it in the mail tonight before the deadline expires.

Many tax software programs, and even online filing programs like Turbotax Online, have the forms that you need for filing your taxes, as well as filing for an extension.

If you are expecting a refund on your return, you have nothing else to do, other than actually complete and file you taxes before your extended deadline of October 15th.

If, on the other hand, you think you may owe some taxes, you must still pay what you think you owe by tonight’s deadline (April 18th). Just submit payment with your extension form. If you underestimate your payment, you may get hit with some interest and penalties. It is better to overpay, if you are unsure, and then when you actually file, any overpayment will just become a refund for you.

If you need an extension, and you cannot afford to send any payment, you may want to contact a tax professional for help. They will help you get the extra time you may need and limit any penalties and interest.

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