Do you know you can get some extra time in filing your returns? It is not only easy but helps you to avoid the rush in filing your returns and making errors before the due date.
Personal Tax Extension - E-File Now & Extend your Form 1040 Your Taxes
Personal Tax Extension Form 4868 is an application used by the U.S Individuals to extend the filing deadline of Form 1040 and is due by April 15. If you are a person in the U.S and you cannot file your return on or before the deadline, You can apply for an Extension. The extension will grant you an 6-months of time to file your individual income tax return. Moreover, you will get a personal tax extension from the IRS irrespective of whether you provide any reason for it.
Start Filing NowFile Form 4868 to Extend your Individual Income Tax Returns Deadline
- Automatic 6-Month Extension SSN.
- Instant IRS Approval
- Quick & Easy Filing
- Re-transmit rejected return for Free
The Form Needed for Requesting Tax Extension
For getting an automatic six-month extension, you need to file Form 4868 with the IRS. There are two ways to file your Form 4868 - e-filing or by paper filing. If you are filing by paper, you will only get the notification of rejection from the IRS. However, on the other hand, if you e file form 4868, you will get a confirmation email as soon as the extension is approved by the IRS.
Besides providing your SSN (Social Security Number) on Form 4868, you also need to provide the SSN of your spouse if married & filing jointly. This information will be used by the IRS to identify you. Also, you will need to provide the estimate of the total tax liability for the given tax year and the amount of taxes which are already paid. This will easily help in determining whether you owe any taxes by April 15.
Who is required to apply for Tax Extensions?
Following are the taxpayers who can file 1040 extension.
- Federal Individual Income Tax Return filers (1040 Series)
- 1099 Independent Contractors
- Sole Proprietorships (Schedule C)
- Single-Member LLCs
Who is required to apply for Tax Extensions?
Paper Filing
If you are filing by paper, you aren't able to track your form status. It also takes a longer time to get acknowledged about the filing status.
E-Filing
If you E-File form 4868, you are able to track your form status. You will get a confirmation email as soon as the IRS approves the extension.
For More Information, Click here
Interest on the Balance Due
If you don’t pay your due taxes before the deadline you will be charged interest. This is applicable even if you qualify for a two-month extension because you were out of the country. Now this interest will run until you pay the entire due tax. Even if you have a valid and good reason for not making tax payments, still you will owe interest.
Note: Even if you have a valid and good reason for not making tax payments on time, you still owe interest from the IRS.
Late Penalties
The late payment penalty is usually levied at ½ of 1% of any taxes (besides the estimated tax) which aren’t paid by April 15. The penalty is charged for each month or part of the month when the tax is not paid. The maximum penalty charged is 25%.
However, if you can provide a reasonable cause for not paying on time, then you won’t be charged any late payment penalty. All you have to do is attach a statement along with your return providing a full explanation of the reason. You shouldn’t attach the statement to your Form 4868.
The reasonable cause for nonpayment on time for a given period is only applicable if the below requirements are achieved.
To Know more, Visit https://www.expressextension.com/
form4868extension/personal-tax-extensions/
- At least 90% of the total tax of 2021 return is paid before or on the regular due date through estimated tax payments, withholding, or payments made along with Form 4868.
- The remaining balance is paid along with your return.
Pricing to e-file Form 4868
File a tax extension Form 4868 and Get up to 6-months extension of time to file your 1040 Returns.
E-file your Form 4868 for $12.95/ return
Helpful Resources
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E-file your Form 4868 and extend your 1040 filing deadline to 6 months
Recent Queries
- When is the due date to file my Form 4868?
- [E-file Error Code F4868-001-02] How do I resolve it?
- [E-File Error Code F4868-002-01] How do I resolve it?
- What if I am an “Out-of-the-Country” tax filer filing Form 4868?
- What payment options do I see while e-filing 4868?
- Once my extension is approved, how can I find my extended date?
