April 15th is fast approaching; you are not ready to file your taxes because of a multitude of legitimate reasons or just a few lame excuses. One of the very best things about filing for an extension of six months is that the Internal Revenue Service (IRS) does not ask you why. They really don’t care, and don’t even want to know.
So, if you want six more months until October 15th to find your paperwork, look for receipts, make an appointment with an accountant or online tax filing, or just because you have other stressful things going on, take the time to file and extension and relieve your mind.
You will need Form 4868 to file for a tax extension. Online tax software is the easiest method to choose to handle all of your tax filing needs. You will enjoy the simplicity of step by step guidance to prepare and file your tax return even if you want to buy yourself six more months of time.
Tax extensions do not delay taxes owed
If you are due a refund or pay no taxes, the delay is absolutely free. If you think you will owe the IRS some money, then it is best to do some quick math and estimate your tax return and send it along with the extension. In not doing so, it could cost you some bucks down the road with penalty fees and/or accrued interest if you underestimate way too low.
If you live in the United States, you will need IRS Form 4868 to file for an extension. If you are a US citizen or resident alien living abroad or outside of the US, you will have to use IRS Form 2350. For both forms, printing out and reading IRS Publication 54 will help and guide you in your filing, or you can do it the easy way by using tax software.
Internal Revenue Service Form 7004 will be needed if you are filing a tax deadline extension for your business. All forms are available for downloading from the Internet. Printable IRS tax forms are available to download, complete and print right from the comfort of your home.
You may fax the forms, mail the forms or fill out the forms online. You may mail the forms by postal service or file through the Internet. It’s up to you because you really do have a lot of choices to choose which way is best for you when it comes to tax preparation.
If you should choose TurboTax for your tax program, they will place your information into the correct tax form for you. You can have the peace of mind knowing your income tax return is filed correctly, and with the guarantee of the biggest tax refund, or least tax owed!