Federal taxes in the United States are due by April 15 each year. If for some reason you are unable to complete your tax return by the deadline, you have the option to request an extension. The Internal Revenue Service – IRS Form 4868 is an application for an automatic extension for filing of a U.S. individual income tax return. Completing the IRS Form 4868 grants the individual an automatic extension. The IRS does not notify the individual that extension has been granted.
This form is only for the purpose of granting an individual more time to prepare their federal tax return. The extension does not excuse the tax payer from paying all taxes owed. The taxes owed must be submitted with the form in order to avoid fees and penalties due to a late payment. You may request an extension for filing of your return up to a six month extension, up to October 15 of each year. The only special circumstances that will be accepted to extend further than the six month period include that you are living outside of the United States, that you are out of the country when your six month extension expires or that you are serving in a combat zone or a qualified hazardous duty area.http://www.savewealth.com/taxforms/irs/forms/4868/ http://www.irs.gov/formspubs/article/0,,id=98155,00.html
To complete the IRS Form 4868, you will need your name, address, Social Security number, estimate of the total tax liability for the year, the total payments already made, the remaining amount due (if any) and the amount to be paid (if any). http://uktodaynews.com/3139/tax-extension-form-2010-irs-form-4868-deadline-till-april-15-2010/
Form 4868 can be used to extend the following tax returns:
• Form 1040NR-EZ http://personal-tax-planning.suite101.com/article.cfm/form_4868_individual_income_tax_return_extension
The best place to get the 4868 form is to download it from the actual IRS website. Two versions of the form are available, one in English and one in Spanish. http://personal-tax-planning.suite101.com/article.cfm/form_4868_individual_income_tax_return_e
Disclaimer
The content of this page is intended for general informational purposes only and is not a substitute for professional financial advice.
Contact the IRS or a professional financial advisor for the most up-to-date and complete information regarding state and federal tax law.
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References
Fast Facts
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IRS
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Deadline
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Extension Deadline
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IRS Form 4868
application for an extension for filing U.S. income tax return
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Requirements
your name, address, Social Security number, estimate of the total tax liability for the year, the total payments already made, the remaining amount due (if any) and the amount to be paid (if any)
