With less than three weeks until tax day, there is a good chance that some procrastinators have not filed their income tax return.
If you looked at the calendar and thought, “I have plenty of time to get those tax preparations in order” and then work kicked it into high gear and next thing you knew the tax deadline is less than a week away… You should know that it happens to the best of us. If you find yourself in this situation, you need to file an income tax extension.
Fortunately, you can file tax extension Form 4868 for an automatic six-month extension to submit your federal income tax return without penalties.
Do You Need To File an Income Tax Extension?
The 2018 personal tax extension deadline is April 15, 2019 (the same date as tax returns are due.)
The IRS is far more forgiving about doling out additional time than you might expect when it comes to the dreaded Tax Day. However, while Form 4868 does give taxpayers an extension of time to file income returns, it does not extend the time to pay.
As it turns out, it is relatively common to request more time to get your tax preparation in order. According to Forbes, there are some 10 million people expected to file a tax extension.
How Do I Apply For An Income Tax Extension?
Simply e-file Form 4868 with ExpressExtension and you will receive an automatic 6-month extension of time to file your individual income tax return. Once you have filed Form 4868 with the IRS, you will receive a confirmation email within 48 hours notifying you that your extension was accepted by the IRS.