In order to avoid late filing penalties, you must first obtain an extension with the IRS for your 2023 individual federal tax return if you are unable to file it by the deadline of April 15, 2024. Following that, you can unwind. Then you
Here are a few common reasons why you may need to push your deadline back:
It’s important to keep in mind an extension only pushes back the due date for your 1040 tax filing and it does not extend your time for paying any taxes you may owe. If you owe taxes this year, you need to estimate the amount and make a payment by when you file the extension.
Check with the procedure of how and when to file for an IRS extension with these following instructions from ExpressExtension.
Form 4868 is a tax extension is used by U.S. individual taxpayers to get an automatic extension of up to 6 months to file their personal income tax returns.
When you File form 4868 you can get an additional time of up to 6 months to file your Personal tax returns.
Extend the deadline of following forms using 4868:
Form 1040, 1040NR, 1040NR-EZ, 1040-PR, 1040-SS
Check how to file Your 1040 Extension Form 4868 in Minutes
You can E-File form 4868 on or before April 15, 2024 Midnight. Then the filing of your 1040 tax form is extended up to October 15, 2024.
If you are away from the country, pay the tax and file your return by June 15, 2024. File the extension form and be sure to check the box on line 8 if you need an additional four months to
file your return.If you applied for an extension before the deadline and the IRS rejects it, you can retransmit the return within the Perfection Period, which is for five days.
Option 1: File your Federal Tax Extension electronically
Option 2: Print and mail the completed IRS extension form
If you are planning to file an extension by paper, you need to send the 4868 paper form before 4 to 5 days of the deadline. As an individual, you may look for an extension at the last minute of the deadline to file the returns, and that's why filing form 4868 online is preferred rather than the paper filing.
Find the advantages below in e-filing:
Applying for an 4868 extension with IRS-authorized e-file provider like ExpressExtension is much more secure than sending tax information through the postal mail.
ExpressExtension offers an easy-to-use e-filing experience to apply and get file form 4868
e-filed in minutes. Our internal audit check will ensure that the IRS accepts your return at all time. You don't need to enter any explanation for filing a 1040 extension form.
You can choose the payment option (EFW/EFTPS) if you owe taxes through our software. You can retransmit the return for Free if the IRS rejects your extension.
If you are a Tax professional and looking to file more number of 4868 extension, then you are at the right place, as you can manage all your extension at one place with our Software. Our US Based support will assist you at any time during the 4868 filing process.
To know more about our e-filing features, visit ExpressExtension.com.