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If you need additional time to file your tax return, you can file
income tax extension Form 7004 Business or Form 4868 Personal, Applications
for Automatic Extension of Time to File U.S. Income Tax Returns. The
IRS allows you to file an income tax extension for up to a 6 month
extended time allowance (until Oct. 15) to file your income tax return. You must file
for your extension on or before the regular April 15th tax
filing deadline to be accepted by the IRS.

While filing a tax extension gives you extra time to file your
return, it does NOT give you extra time to pay any taxes you owe. You
should estimate how much you owe, then pay that amount due when you
file for your income tax extension to avoid being charged late fees
of interest and penalties.
You may not be eligible to use the standard extension forms above if
any of the following
circumstances apply:
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If you are not living in
the United States, you should
use Form 2350
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If you are currently
serving in a combat zone
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If you will not be in
the United States when your extension expires
Income Tax Extension Statistics
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Extensions can be filed online in
minutes – no reason needed by the IRS
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Almost all extensions filed annually
get IRS Approved!
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Extensions are filed online electronically on a secure network.
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The IRS will send an email confirmation when
your extension is approved.
If you can't pay the full
amount you owe with your income tax extension, the IRS will charge you interest on the unpaid
balance until you are fully paid.
If you pay less than 90% of the amount you owe, you may also
be subject to late payment penalties, usually half of
1% of the amount owed for each month the balance is unpaid, or up to a maximum of 25%.
IRS Federal Income Tax Extension Filing Restrictions
Be sure you file your extension before the
tax return due date. Extensions will not be offered after that date,
traditionally the 15th of April. If you have not filed for you
extension by then, you will
then need to file a late return and be subjected to possible
penalties and interest on and amount of taxes that are owed.
You may also file your return on time and apply for a
payment plan or, use other forms available if you need more time
than six months. Both of these options will have fees
associated with them but will most likely be substantially less than the price of not filing at all
and being subjected to late filing penalty charges and interest. |
Click here for the full procedure on how to file an income tax
extension, and extend to a October 15th
tax filing deadline
now!

File Now! with TurboTax or H&R Block quality
online tax filing software
Average returns take just
30 minutes.

You will not be charged interest during an income tax
extension period if:
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you
served in support of Operation Iraqi Freedom or in an operation
that is a successor to Operation Iraqi Freedom.
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you
qualify for a federal tax extension because of service you
performed in a United States official combat zone.
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you
qualify for a federal extension due to a federally-declared
natural disaster in which extra time to file was granted.
IncomeTaxExtension.Com
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