Welcome tax Payers. Time And Tide waits for none; the famous quote says it all. With just 9 days left, we hope you have your papers ready to file your income tax return and if you are not set, you ask the IRS for 6 more months by filing form 4868, the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.
Well, here is a twist. This extension does not serve you with extra time to pay your taxes. The extended time is to get your papers ready and file it on or before the due date i.e. 15th October 2014. 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.
Well, there are set of people who are outside the country during the regular due date of the return, but belong to the States, a U.S. citizen or resident, 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 the next question popping in your head is that how do you file the extension and are there any shortcuts? Well, there are no alternative route applied, however, you can go with the easier method, i.e. E-filing form 4868 through ExtensionTax.com.
Easy methods are not lifesavers; in fact, they can call in for more problems 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 stuffed with features; the most important feature that can bring in vast change in your tax life 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.