IRS FORM 4868?

• Everyone gets a point in their life, when they are unable to file their tax return on time. Of course, that could lead to huge penalties from the IRS. No worries. There is a way out. File for tax extension. A tax extension allows the taxpayer extra time (6 months) to file their tax return.


• IRS form 4868 also known as personal tax extension is to be submitted by individuals who wish to extend the amount of time they have to file their tax returns. IRS Form 4868 should be completed with the individual or married couple’s name(s), address, Social Security number(s), estimate of total tax liability for the year, total payments already made, remaining amount due (if any) and amount being paid (if any).


• Also known as the Application of Automatic Extension of Time to File U.S. Individual Tax Return.


• This form extends the due date for filing a tax return by six months and must be filed by the regular due date of your return (which is April 15 for most taxpayers).


• However one must always remember that IRS Form 4868 does not extend the amount of time the taxpayer has to pay his or her full tax liability for the year; it only extends the amount of time allowed to file the tax return paperwork. The remaining amount due (if any) must be submitted with the form.


• Individual tax extension allows 6 months extension to file the following tax forms:


• • Form 1040
• • 1040A
• • 1040EZ
• • 1040NR
• • 1040NR-EZ
• • 1040-PR, or
• • 1040-SS
  


• IMPORTANT: Although you are not required to make a payment of the tax you estimate as due, Form 4868 does not extend the time to pay taxes. If you do not pay the amount due by the regular due date, you will owe interest. You may also be charged penalties.


• At greenextensiontax.com, you can efile form 4868 in a quick, secure and affordable way. Also, you can calculate if you have to make any payment to the IRS using our mini and smart tax calculator. If for any reason (which rarely happens) your return is rejected by the IRS, you can re-file again on our website for free.