File Taxes or File for Tax Extension Online to Beat Tax Deadline

File Taxes or File for Tax Extension Online to Beat Tax DeadlineWith the tax filing deadline now here, tax payers are rushing in a last minute attempt to get their taxes filed, or file for a tax extension. Fortunately, for those who have waited until the last minute, fast easy solutions exist for both free online tax filing and filing online for a tax extension.

The IRS web site, as always if a great resource for forms and instructions for how to file for a tax extension, or to file a return. For online tax filing, the IRS web site has an efile solution, dubbed freefile, which allows individuals to file their taxes online for free based on their adjusted gross income.

Similarly, most of the popular online tax filing web sites have free tax filing options based on the type of tax return you need to file and you specific tax situation. For those who need more time to get their taxes filed, these online tax services can also show you how to file for a tax extension fast and easy.

To file for a tax extension is just a single very simple form which can be downloaded from the IRS or will be completed for you when you file online through an online tax service. Just remember that a tax extension gives you more time to file your federal income taxes, but you are still required to pay any income tax due, with about a 90 percent degree of accuracy, by the April 15th tax deadline.

Filing a tax extension will give you will get an extra 6 months to get your taxes filed. If you are one of thousands who simply procrastinated too long, but do not believe that you will owe any taxes, this option is for you. If you’re not sure how to file for an extension, once again an online service like TurboTax.com, as well as the IRS.gov web site can provide you with the single form which you need to file for the extension.

If you owe taxes and are not able to pay them in full, the experts have some advice for you. If you owe money to the IRS and are unable to pay, continue to file your taxes on time. Then pay as much as you can when you file your tax return. You can then apply online for an online payment agreement with the IRS or send an Installment Agreement Request in with your tax return for the balance.

About Ed Dixon

Ed Dixon - as an experienced writer and proven business leader, Mr. Dixon is the primary contributor for news related to Business and Finance. ed_dixon@newstaar.com