Updates… updates… and only updates… With only 3 days left, we are here to update you about the income tax return due date which is falling on 15th of April. Assuming you are not ready with your documents, and you need extra time, you can always reach IRS for grace time by filing form 4868, the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.
Ok breaking the ice, we want to update you something more about the extension. This application doesn’t serve you with extra time to pay your dues, it only provides you with time to get your documents in place by October 15th 2015. While filing form 4868, you need to pay the taxes you owe to the IRS or penalties and interest won’t leave your way. You are not liable for any penalties if you pay your taxes and get an extension.
Forms That Are Eligible For An Extension:
If you are liable to file your income tax return via Tax Form 1040, Tax Form 1040A, Tax Form 1040EZ, Tax Form 1040NR, Tax Form 1040NR-EZ, Tax Form 1040-PR/ Tax Form 1040-SS, you can file form 4868 and gain 6 months extra time to get your papers ready.
However, when we talk about the set of people who are Outside The Country by the regular due date of the tax return, but they surely belong to the states, gain 2 months automatic extension to file and pay the taxes without requesting for one. The due date would be June 16th 2014. However, if you are falling on the above mentioned list, you need to file and pay your dues by the extended due date to avoid penalties.
You Are Out Of the Country If:
- You reside outside the States and Puerto Rico and your workplace is outside the United States and Puerto Rico, or
- You are serving the military or naval outside the United States and Puerto Rico.
If you qualify as being out of the country, you will still be eligible for the extension even if you are physically present in the United States or Puerto Rico on the regular due date of the return.
Now we know, what is your next question, how do we file an extension and are their shortcuts applicable?
Well, there are no alternative route applied, however, you can go with the easier method, i.e. E-filing form 4868 through ExtensionTax.com.
Bear this in your mind, easy methods are not lifesavers; in fact, they can create more issues for you with time if you slip in the wrong place. E-filing with ExtensionTax.com do not allow wrong things to happen as we have inbuilt software in our application, identifying the flaws and notifying you about the same. You get time to correct the errors and resubmit your return to IRS through our servers, expecting a positive response.
Our application, ExtensionTax.com is designed with exclusive features and the most important feature in the list is our Extension Tax for Android Smartphone and Tablet. You can download it from Google Play and file your extension on the go, in minutes.
What else, we are at your service. Get in touch with our tax experts at 1-866-245-3918 or shoot an email to support@extensiontax.com. Let us showcase our finesse, we will astonish you.