There’s still some time to go before tax time but people are already preparing and planning for that deadline. For most people there is plenty of time to file taxes but sometimes for what ever the reason some people need a little more time. For these people there is a way to get an extension, here’s how.
Sometimes people have unforeseen circumstances that make it impossible for them to meet the tax filing deadline of April 15. For those people the IRS provides a way to request a six-month filing extension by submitting the proper form to the U.S. Internal Revenue Service. Just remember that there is also a deadline for filing the extension.
To get an extension of time to file your 2018 individual income tax return, you must file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. The Form 4868 must be filed no later than April 15, 2019. The process is free and can be done either electronically or on paper.
The information you need to fill out the form will be the same basic tax information you provide on other IRS forms. Things like your full name and address, your Social Security number, date of birth, you will also be asked to provide your individual income tax information (estimate of total tax liability for 2018, total payments you’ve already made, the balance due and the amount you are paying).
You can find the Form 4868 on the IRS website. Go to the website and visit Forms, Instructions & Publications section for a list of frequently downloaded forms and publications, including Form 4868. You can get the extension either electronically (by accessing IRS e-file) or by paper.
If you are not sure that you need to file for an extension or have any other questions, speak to a tax professional as soon as you can.