If you are still worried about pending tax return to be filed, then simply submit Form 4868. This requests an extension on your tax return to IRS, that may accept it and grant you some more months to prepare well for tax filing.

“Application for Automatic Extension of Time to File U.S. Individual Income Tax Return” extends tax deadline by which you must file tax return. You need not to report any reason for extending tax return deadline.

Getting no time to prepare tax return before deadline? Then you must file an extension to get whole paper work completed perfectly. Proceed ahead to know more about tax extension.

How to file extension on my return?

In order to extend deadline for tax return filing, you need to submit form 4868 and get it approved by IRS. If IRS approves your request then you are allowed to file tax return within an extended period of 6 months from deadline.

You must request extension before tax deadline arrives- 15 April 2024. If failed to do so then no request is accepted by IRS.

To get this form simply download this form from IRS website, and get its printed copy in hand with you. Otherwise, you can access this form from the software like Turbotax, H & R Block you are using to e-file taxes.

How to file form 4868?

There are several ways to extend your tax deadline, by filing form 4868. It depends on your mode of tax return filing that which method you opt for tax extension.

In case you are filing tax return online through any tax preparation software, then it will help you to file extension. IRS Free Fillable Forms and IRS Free File are another options to go with.

Mailing your extension using 4868 form is second way to get more time for tax preparation. But this must be done before tax deadline. You need to mail it to state’s Treasury Department address.

If you are sending tax as cheque/money order then, you must send tax amount to ‘United States Treasury’ along with your extension request by mail.

And if you’re paying estimated amount of tax through any IRS payment method then you should mention it here.

Do I still need to pay taxes before deadline after filing extension?

Yes, you must pay taxes before 15 April 2024, the deadline, even after you have filed an extension on your returns. This is because form 4868 helps you to file returns till the date extended( generally an extension of 6 months provided ). But you must pay taxes by the deadline, about 90% of the estimated must be paid.

What are benefits of filing tax extension?

• Tax extension is great way to avoid any late penalties. Instead you get more time to file before any further date, on the terms of paying tax amount by the deadline.
• Additionally, it increase chances of accurate calculations in your tax return. Thus, assures you reliability on your estimation.
• More time to prepare tax returns will let you prepare tax return by consulting experts.
• You can resolve many issues pertaining to tax return preparation.
• Reduce your expenses on any amendment you need to make to your return afte filing it. As it alots you much time to prepare carefully.
• If IRS makes changes in any tax law after deadline then you’re ready to customise your return likewise.
• As a result, tax extension is best way to enjoy higher benefits by preventing yourself from penalties & amending it as per changes made after tax deadline.

Conclusion

• Many a times, you may not be prepared well for tax season. You can file tax extension in such case to get more time on your tax return filing.
• Thus, you need form 4868 downloaded or accessed using tax-prep software.
• File it online or mail it to State’s IRS department. You can also send taxes along with your extension request to ‘United States Treasury’.
• Now, all you must do is- pay taxes timey before original tax deadline.
• Consequently, form 4868 will handle all things for you by extending tax return filing deadline.