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Did your dog eat your W-2 form? Did your computer’s printer die while printing your 1040? Stopped sobbing while reading the instructions for claiming charitable donations?
Well, cheer up. If you have not submitted your tax return by midnight on April 18th, you can apply for an automatic extension, but you will have to pay any outstanding taxes.
internal Revenue Service will automatically grant you an extension to file your tax returns by October 16th. Simply submit Form 4868.
You can file electronically from your home computer via the IRS e-file or have your tax advisor file your tax return. Want to file in paper form? Please, it’s okay. Make sure it is postmarked by April 18th.
live outside the United States, Puerto Rico, will be allowed an additional two months to file returns and pay outstanding amounts without requesting an extension. The same is true for those serving in the military or navy outside of the United States and Puerto Rico.
Automatic extension applies if you live in a declared disaster area. For example, many people living in areas devastated by recent storms and tornadoes will be allowed to file their taxes through Oct. 16. The IRS maintains a list of areas that have been granted extended federal filing deadlines. doing.
You can also get an extension by paying all or part of your estimated income tax. direct pay, Electronic Federal Tax Payment System (EFTPS), or credit or debit card. This eliminates the need to submit a separate extension form and allows you to receive a confirmation number for your records.
The IRS still requires income taxes to be paid by April 18th. Even if you apply for an extension, you must estimate your outstanding taxes and pay at least 90% of those taxes by the April 18 deadline to avoid penalties.
If you are unable to pay your taxes due to financial hardship, you can ask the IRS for an installment plan. Most can be arranged online. Online payment application tool.
Credit: aarp.org
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