Taxes can be confusing, so people put them off until the last possible minute. However, they can’t be avoided forever. Tax deadlines are important, if you don’t file your taxes or pay the amount you owe in time you’ll be subject to penalties, fines, and more, so make sure you’re prepared to file your personal income taxes by April 18th.
Although, if you need a little more time to get your information together before filing spend a few minutes e-filing the personal tax extension form 4868 with ExpressExtension.
How To E-File Form 4868.
First, let’s go over what form 4868 actually is. Personal tax extension form 4868 is used when an individual or joint taxpayers need an extension to file the IRS form 1040, 1040A, 1040-EX, 1040NR, 1040NR-EZ, 1040-PR, or 1040-SS.
Form 4868 is an automatic form, meaning you do not have to provide a reason as to why you need an extension. Simply correctly fill out the form and submit it the IRS by April 18th and midnight.
You’ll then automatically receive a 6-month extension and won’t have to file your personal income tax until October 18th. That’s quite an extension!
However, keep in mind that the extension only extends the amount of time you have to file your taxes, your tax bill is still due on April 18th, and you will face penalties and fees for the failure to pay your tax bill by the deadline.
To pay your income tax payment you’ll have to try your best to accurately estimate how much income tax you’ll owe for the year. Your figure can be based on the total you owed last year, but make sure the amount the most accurate estimation you can provide.
Now to file form 4868 simply spend a minute creating an ExpressExtensions account and click “Create Personal Tax Extension” and follow our easy step-by-step instructions.
You’ll begin by entering your personal information such as your name, home address, and social security number. Make sure your information matches what the IRS has, you can do this by contacting the IRS. Also, for joint filing you’ll need your spouse’s correct name and social security number as well.
Then for any monetary values, you’ll need to round them off to the nearest whole dollar and enter in your tax liability. If you don’t owe any tax income liability simply enter in 0.
The next step involves paying your estimated income tax bill that you will need to accurately estimate, as mentioned above. The estimate can be calculated based off of how much money was withheld from your individual paychecks during the year.
You’ll need to calculate the total balance of your unpaid tax for the entire year and this is done by subtracting your income tax bill from your income tax liability. You’ll also have to enter the amount you owe to the Internal Revenue Service.
If you’re out of the country or happen to live outside of the United States and Puerto Rico then check the box at line 8.
Then if you’re filing an extension for forms 1040 and 1040 NR-EZ you’ll check the box at line 9 for your tax returns in mid-June if you don’t receive wages as an employee subject to the U.S. income tax withholding.
If your form is rejected by the IRS we will quickly notify you via email as to why. You can then make corrections to your form and resubmit it to the IRS as many times as necessary.
We’re Here To Help
Our dedicated support team here at ExpressExtension is always standing by to help. If you have any questions please don’t hesitate to contact us via phone or email. We will have your extension filed in a matter of minutes!