Step by Step Guide on How to file Tax Extension with IRS

Filing a tax extension allows you to request additional time to submit your tax return. Here’s a step-by-step guide:

Step 1: Understand the Deadline

• For most taxpayers in the U.S., the federal tax filing deadline is April 15 (or the next business day if it falls on a weekend or holiday). The extension gives you until October 15 to file your tax return.

Step 2: Confirm Eligibility

• Anyone can request an extension without providing a reason. However, the extension only applies to filing your tax return, not to paying your taxes. You must still estimate and pay any taxes owed by the original deadline to avoid penalties and interest.

Step 3: Choose a Filing Method

You can file a tax extension in one of the following ways:

1. Online (e-File):
   • Use the IRS Free File tool or approved tax software.
2. Paper Form:
   • Submit IRS Form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Tax Return).

Step 4: Gather Necessary Information

You will need:

• Your Name and Address: As shown on your tax return.
• Social Security Number (SSN): For yourself, and if applicable, your spouse.
• Estimate of Total Tax Liability: Calculate this as accurately as possible.
• Amount Paid: Include any taxes you’ve already paid.
• Balance Due (if applicable): If you owe taxes, plan to pay by the original deadline.

Step 5: Submit the Extension Request

Online Filing Steps:

1. Visit the IRS Free File or use an e-file tax software.
2. Select Form 4868.
3. Enter your information and tax liability details.
4. Pay any estimated tax owed, if necessary.
5. Submit the form electronically and save the confirmation number for your records.

Paper Filing Steps:

1. Download and print Form 4868 from the IRS website.
2. Fill out the form manually.
3. Mail the completed form to the IRS address listed on Form 4868 instructions for your state.
   • Postmark the envelope by the April 15 deadline.

Step 6: Verify Confirmation

• If you filed electronically, you’ll receive a confirmation of submission.
• If you mailed the form, consider using certified mail with a return receipt for proof.

Step 7: Follow Up

• If your extension is approved, you’ll have until October 15 to file your return.
• Keep track of any correspondence from the IRS in case additional documentation is needed.

Step 8: File Your Taxes

• By October 15, submit your completed tax return. Use the extra time to gather necessary documents, organize deductions, and ensure accuracy.

Additional Tips:

• State Tax Extensions: Many states accept the federal extension, but some require a separate request. Check your state’s tax agency for specific instructions.
• Payments: Pay as much as possible by the original deadline to minimize penalties and interest.
• Professional Help: If unsure about calculations or eligibility, consider hiring a tax professional.

By following these steps, you can successfully file for a tax extension and avoid penalties for late filing.

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