![]() Individual Income Tax Return), because you must report any balance due in Part II of that form. ![]() Keep this in mind when you are filing for a tax extension using IRS Tax Form 4868 (Application for Automatic Extension of Time to File U.S. If you owe taxes, you must still send your payment to the IRS by the original due date of your return (usually April 15th). Once October 15th rolls around, there is absolutely no delaying your taxes any further.Īlso remember this: a tax extension only gives you more time to file, not more time to pay. Once you file the extension, it’s recommended that you take the proper steps to file your actual return. Rather, it’s an agreement with the IRS that you will file your taxes within the six extra months you’ve been granted. It’s important to note that filing a tax extension is not a free pass to ignore your taxes. As long as you apply for your tax extension on or before the original filing deadline (typically April 15th) and then file your return by October 15th, you will not be penalized. The IRS will gladly give you this extra time to file, even if you owe taxes. ![]() Need more time to file? File an IRS tax extension and you can wait until October 15th to file your income tax return, with no penalties whatsoever.Īn IRS tax extension allows you to put-off tax day for six additional months.
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