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Showing posts with label IRS extension. Show all posts
Showing posts with label IRS extension. Show all posts

Tuesday, April 9, 2019

Easily Gain Extra Time This Tax Return Period

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Calendar 15th
We get it and so does the IRS. Things happen and you just aren’t able to meet those deadlines. When you have missing documents it can be pretty tough to get all of your boxes checked off when filing your tax return. Lucky for you there is a way that can get you more time. We are talking up to 6-months worth of time. The original due date is typically April 15, but with the extension, you may not have to submit your forms until October 15th.

If you aren’t sure if you can complete your 2018 federal tax return by the April 15th deadline you may want to get to filing a Form 4868, immediately. It is vital to note that Form 4868 only pushes back the filing of your tax documents. It doesn’t give you extra time to pay any taxes that you might owe. If you think you may owe money this year you’ll need to estimate the amount after filing for your extension.

Penalty Threats


Choosing to file late can get pretty costly. The penalty can bee 5% of the unpaid taxes for each month or partial month it is late. If the return is more than 60 days late, the minimum penalty is $135 or 100% of the unpaid tax, whichever value is smaller.

Don’t stress, where you don’t have to. Form 4868 will give you ample amount of time to get your ducks in a row. If you know you may late go ahead and file for an extension in either of the 3 methods and get up until October 15th on your tax return.

Form 4868 is made up of two parts, identification information is included in part I and individual income tax information will be in part II.


Part I & II

Part I - Identification
  • Name(s) 
  • Mailing addresses
  • Social Security number (SSN)
  • Employer Identification Number (EIN

Part II - Individual Income Tax
  • Estimate of Total Tax Liability (be sure to be as accurate as possible)
  • Total Payments
  • Balance Due
  • Amount You’ll Be Paying
If you’re thinking of filing an extension here are some tips to make completing it a little bit simpler. 

Extension Filing Tips


Filing Stress1.  Send Checks to the “United States Treasury”

2.  If you E-file Form 4868 and mail in a check or money order, use a completed paper Form 4868 as a voucher and note with your payment that your extension was electronic.

3. Review page 4 of the Form 4868 to ensure you are sending your form and payment to the correct address. Just because you live in a certain state doesn’t mean your payment is sen to that IRS mailing address. 

4. If filing over the phone or online, you’ll receive a confirmation number. It is important that you write the number down and keep it for your records.



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Friday, April 13, 2018

How to Get More Time to File Your 2018 Tax Return

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Spring is here, making it a little more interesting to drive with major storms hitting the road. Some areas have been hit by severe storms, tornadoes, and even snow! However, the intense weather is not the only scary thing that comes with spring, because it is also tax time! Make sure you are up to date on the upcoming personal and truck tax deadlines.

How to Get More Time to File Your 2018 Tax Return

Typically, Tax Day is April 15th, but this year it falls on Sunday and Monday is Emancipation Day, a legal holiday in Washington, D.C. The Official Tax Day Deadline is April 15th, 2019.

Need More Time To File?

The IRS is far more forgiving about doling out additional time than you might expect when it comes to the 2018 personal tax deadline. Filing an income tax extension is easier than you might think, especially if you e-file a tax extension online. You can file tax extension Form 4868 for an automatic six-month extension to submit your federal income tax return without penalties.

If you submit your application to the IRS by midnight on April 15, 2019, you will receive an additional six months to file your tax return without incurring IRS penalties.

However, while Form 4868 does give you an extension of time to file income returns, it does not extend the time to pay. If you are unable to make your tax payment, you will need to pay penalties and interest, It is recommended that you pay as much of the owed taxes as possible to lower your penalty cost.

What You Need to File a Federal Income Tax Extension

Assuming you file on time, you will automatically receive six months to file your return to the IRS, and you will not be subject to late-filing penalties. You will have until October 15th, 2019 to file your tax return. 


To file for a tax return extension, you will need:
  • Your name and address
    • Spouse’s name if filing jointly)
  • Your Social Security Number (SSN
    • Spouse’s SSN if filing jointly
  • Estimated total tax liability for the 2018 tax year
  • Totally 2018 tax withholding and tax payments
  • Estimated tax payment owed to the IRS (If any)

How Do I Apply For An Income Tax Extension?

You can e-file Form 4868 with our sister product ExpressExtension. They will transmit your forms directly to the IRS so you can rest easy knowing you have an additional six months to file your federal income taxes. File today and receive an automatic six-month extension of time to file your personal tax return.

Once you have filed Form 4868 with the IRS, you will get a confirmation email within 48 hours notifying you that your extension was accepted by the IRS.

File Your Federal Income Tax Extension Today!



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