What Is Form 4868 and Who Can File It?

Whether you are experienced with filing an extension for your personal tax return or if this is your first one, we are covering everything you need to know to file your extension with confidence.

As you have probably heard, the IRS has extended the IRS filing deadline for many different tax forms. Tax Day has officially been moved from April 15, 2020 to July 15, 2020. With so much going on in the world, many individuals and business owners may need more time to file their tax returns. If this is the case for you and your personal taxes for tax year 2019, no problem!

Whether you are experienced with filing an extension for your personal tax return or if this is your first one, we are covering everything you need to know to file your extension with confidence. 

Don’t let the misconceptions about tax extensions stress you out. Even though the IRS has already extended the deadline, you are still eligible to file an extension for additional time to file. The IRS doesn’t mind that you are filing an extension on your personal tax return. 

What Is Form 4868?

The Form 4868 is the extension form that applies to personal taxes. Everyone who files a personal income tax return can file this.

Generally, this form extends the deadline for filing for an additional six months. Given that the IRS has already provided an extended deadline for personal tax forms, the extension will now provide you with a three month extension.

So, if you file a Form 4868 for your personal income taxes, your deadline to file will be extended to October 15, 2020.  

This is an automatic extension, this means that you don’t have to worry about providing any explanation to the IRS in order to file. Just complete the form correctly and the IRS will approve your extension.

What Forms Does This Extension Apply To?

The Form 4868 can be applied to the following forms:

  • Form 1040
  • Form 1040-SR
  • Form 1040-NR
  • Form 1040-NR-EZ
  • Form 1040-PR
  • Form 1040-SS

What About Tax Payments?

This is very important, the Form 4868 is an extension for filing the IRS tax return, it is not however an extension of time to make tax payments. To avoid owing interest or receiving any penalties from the IRS, filers must make their tax payment on the original deadline. This year, that deadline is July 15, 2020. 

When Is The Deadline To File?

The Form 4868 extension must be filed to the IRS before your filing deadline. The Form 1040 must be filed with the IRS on or before July 15, 2020. Therefore, you must also file your extension on or before the filing deadline.

The Benefits of Filing Form 4868 Electronically

So, we’ve established what the Form 4868 is and how to file it. Now, let’s talk about your options when it comes to completing your extension. 

There is a misconception that you have to paper file an extension and await IRS approval by mail. Not anymore! The future of the extension has arrived, and it’s called ExpressExtension. You can simply create a free account, you don’t have to enter any payment information until your extension is IRS ready. 

Our interview-style process allows you to complete your extension easily and accurately. 

When you file with ExpressExtension you can receive instant approval from the IRS, this will give you peace of mind and the additional time to file! Get started today!

request 4868 extension now

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