What is an Individual Tax Extension?
If you are worried you will not get your tax return done on time, you have come to the right place. There is a way for you to get more time to finish your tax return and you can do this by submitting Form 4868 to the IRS by the date your taxes are normally filed Tax2efile offers a very easy, quick, and affordable way for you to submit this form electronically.
What does Form 4868 do?
Form 4868 serves as a formal application for a tax filing extension of up to six months. Notably, this extension is typically granted without the necessity of providing a specific reason, except in cases where a court order mandates timely submission. If you are a April 18th filer, you will get until October 15th to finish your taxes. If you are not in the country at the time of the tax season, you automatically get a 2 Month reprieve, without even filling out the Form 4868. Then if the 2 Months are not enough you can then fill out Form 4868 and check box 8 for being out of the country, this will get you 4 more Months to turn in your tax return 1040.
What if I do not fill out Form 4868 and I am late?
If you choose not to fill out Form 4868 and miss the deadline for your tax return, the IRS will start charging you interest immediately. You may also be charged with a failure to file penalty, which is over 5% a Month all the way up to 25% of your tax bill. If you do not file within 60 days of the due date, you will be automatically fined $135 above the other charges. So, if you are not ready to turn in your tax return, filing Form 4868 is the best choice to avoid all the late charges. However, just because you can file your actual return late does not mean you can pay the tax owed late as well. There is no extension in paying the taxes, for this form you must estimate taxes that need be paid, then pay them or you will be fined. You need to be able to provide a good estimate based on basic numbers you have so as not to be far off when you file your real tax form. You will get a penalty if the numbers are not close to matching on your real IRS 1040 Form.
Tax2efile can help you in every step of filling out and filing Form 4868. We are an official E-File provider approved by the IRS to give you 6 more Months extension. You do not need to worry about anything because after Tax2efile files your return you will get conformation immediately, through email that your extension has been approved.
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Frequently Ask Questions
Find answers to commonly asked questions about our products and services.
Form 4868 allows the taxpayer to have more time to file their federal income tax return but does NOT provide more time to pay any tax that may be owed.
Form 4868 allows the taxpayer to obtain 6 additional months to file their tax return.
The deadline to file Form 4868 is on April 15th this is also the deadline to pay any tax owed.
Form 4868 does not give an extension to pay any owed tax to the IRS.
Form 4868 can not be filed after the deadline has passed.
Anyone who is out of the country during tax season automatically gets 2 months of extension. However, they may file for an extension to obtain 4 additional months to have a total of 6 months.
You can find your AGI in your prior 1040 return.
If your business is a sole proprietorship, you can file Form 4868, all other businesses fall under Form 7004.
Tax2efile will send an email out to the user with a status update within 24-48 business hours.
Tax liability amount on 4868 refers to the amount estimated on Form 1040, 1040-SR, or 1040-NR, line 24; Form 1040-PR, line 6; or Form 1040-SS, line 6. *If you expect this amount to be zero, enter 0
No, filing an extension Form 4868 does not cause a risk of an audit.
An extension Form 4868 can be rejected if the user did not file the correct information or if filed past the deadline.
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If you have more questions, please refer to our FAQ page. Contact our customer support team for assistance.
