Personal Tax Extension Form 4868
  • 1040 Individuals
  • Single Member LLCs
  • 1099 Contractors
  • Sch. C Sole Proprietors
20% Off Personal Tax Extensions Use coupon code personal20PL
Business Tax Extension Form 7004
  • Corporations
  • Multi-Member LLCs
  • Partnerships
  • Estates and Trusts
20% Off Business Tax Extensions
Use coupon code business20PL
Efile IRS Tax Extension Online
Efile IRS Tax Extension Online
  • You do not have to explain why you need the extension.
  • You can file your tax return any time before the extension expires.
  • You must file for an extension before the due date of your tax return.
  • When you do file your tax return, do not attach a copy of Form 4868 to your tax return.
  • You can no longer file an extension using the IRS TeleFile system. TeleFile was a telephone-based service used to file extensions and other tax-related forms.
  • Do not file form 4868 if you want the IRS to figure your tax, or if you are under a court order tofile your return by the regular due date.
IRS Tax Extension

The Internal Revenue Service reminds taxpayers who have filing extensions that they can e-file their tax returns until October 17. The IRS offers a gentle reminder to the more than 10 million taxpayers who requested an automatic six-month extension on their tax returns, but have even to file, that their extra time runs out on October 17 for personal tax extension and September 15 for business tax extension

 

To file for an extension with the IRS you will need to file IRS form 4868, which is the automatic extension form. If you owe taxes, you will also need to get a good estimate of what you owe. The IRS will still tack on interest for unpaid taxes if they are not paid by the 17th. 

 

Even if you owe taxes and cannot pay, one good thing to know is that the failure to pay penalty is only .5% per month, while the failure to file penalty is up to 5% of the amount owed per month. Filing for an extension will also allow you to get around that unfilled penalty until October 17th.

 

Whenever possible, it is always better to try and get your taxes filed on time. When you get an extension and it takes you until mid October to get all your tax issues settled, it is not any time at all until you have to start the whole process all over again. Avoid the headache of filing an extension because you waited until the last minute and try to make a habit of keeping your receipts and other tax related information in proper order all year long. It is so much easier to do it this way and even though it requires a little work to do this each month, it is still better than having to go through that last minute headache on April 17th every year.

 


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