2013-2025 Form

What is the Extension Of Time To File Your Tax Return Internal Revenue Service

The Extension Of Time To File Your Tax Return Internal Revenue Service is a provision that allows taxpayers to request additional time to file their federal tax returns. This extension does not change the due date for any taxes owed; it simply provides more time to prepare and submit the return. Typically, taxpayers can request an automatic six-month extension, pushing the filing deadline from April 15 to October 15. It is important to understand that this extension must be filed before the original due date of the tax return.

How to Obtain the Extension Of Time To File Your Tax Return Internal Revenue Service

To obtain the Extension Of Time To File Your Tax Return Internal Revenue Service, taxpayers can complete Form 4868, the Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. This form can be submitted electronically or by mail. If filing electronically, many tax software programs can assist in completing and submitting this form. If filing by mail, ensure that the completed form is postmarked by the original tax return due date to avoid penalties.

Steps to Complete the Extension Of Time To File Your Tax Return Internal Revenue Service

Completing the Extension Of Time To File Your Tax Return Internal Revenue Service involves several steps:

• Gather necessary information, including your name, address, Social Security number, and estimated tax liability.
• Fill out Form 4868 accurately, providing all required details.
• Calculate any taxes owed and include payment if applicable, as the extension does not extend the payment deadline.
• Submit the form electronically through tax software or mail it to the appropriate address based on your state.
• Keep a copy of the submitted form for your records.

IRS Guidelines

The IRS provides specific guidelines regarding the Extension Of Time To File Your Tax Return Internal Revenue Service. Taxpayers must ensure that they file Form 4868 on or before the original due date of their tax return. The extension applies only to the filing of the return and does not extend the time to pay any taxes owed. Failure to pay taxes by the original due date may result in penalties and interest. It is advisable to review the IRS website for the most current information and guidelines.

Filing Deadlines / Important Dates

The primary deadline for filing individual tax returns is April 15. If you request an extension using Form 4868, the new deadline will be October 15. It is crucial to remember that any taxes owed must still be paid by April 15 to avoid penalties and interest. If October 15 falls on a weekend or holiday, the deadline may be adjusted to the next business day.

Penalties for Non-Compliance

Failing to file your tax return or not requesting an extension can lead to significant penalties. The IRS imposes a failure-to-file penalty, which is typically five percent of the unpaid tax amount for each month the return is late, up to a maximum of 25 percent. Additionally, interest accrues on any unpaid taxes from the original due date until the tax is paid in full. To avoid these penalties, it is essential to file your return or request an extension on time.