There are certain dates that every American knows by heart: Christmas is on December 25, Valentine’s Day is on February 14, and April 15 is the tax deadline

But what if you cannot meet the tax deadline? Now that the tax season is winding down, it’s a good time to review how and when to file for an extension, as well as the possible delays in filing and receiving your refunds.

Tax Due Dates

We all know the significance of the April tax deadline, but what about June 15 and October 15?

If you are living outside of the country on April 15, you are allowed two months extra time (June 15) to send in your tax return without needing to file for an extension.

Tax Extension Deadline: October 15 is your new tax filing deadline if you file for an extension.

The Facts of a Tax Extension

There are certain circumstances when a person needs to file for an extension from the April 15 filing deadline. While filing for an extension does not extend the timeline for paying any taxes owed, it will grant you extra time to get your paperwork in order. 

If you know that you owe money, you should pay this money by the April tax deadline in order to avoid any penalties or fees associated with late payment (you can estimate your taxes owed either by using your previous year’s taxes as an example, or by using an online tax estimator).

If there are no taxes owed, or you expect to receive a refund, then you will not be penalized for filing late.  

In order to get a filing extension, you will need to submit the paperwork (discussed below) by April 15.

How to File for an Extension

An extension will grant you an extra six months to submit your tax forms. You will need to:

  • File a tax extension Form 4868 either through e-file or mailing in the paper form.
  • Estimate any tax liabilities in order to file your form, and you can use a tax calculator to do this.


Get your biggest tax refund, guaranteed. Plus FREE Expert Tax Advice. File your Federal tax return for FREE today with TurboTax!





You can get my latest articles full of valuable tips and other information delivered directly to your email for free simply by entering your email address below. Your address will never be sold or used for spam and you can unsubscribe at any time.

Email:

Comments to How to File for a Tax Extension

  1. I thought investment firms, by law, had to have 1099′s to you by a Feb. 15 deadline. I had my taxes done and then around March 31 I got a new 1099 from the firm. The notice claimed it had until March 15 to send this. I tried to get them to pay the additional $75 I was charged for an amended tax form but they said it was not their fault. Some clarification, please? Thanks, Lou

    Lou Lucia

    • Hello Lou Lucia,

      Check out this link: http://www.edwardjones.com/en_.....index.html

      Here is a quote: “Securities with a March 15 tax reporting deadline include CMO/REMICs, grantor unit investment trusts, royalty trusts, HOLDR trusts and mortgage trusts. If you hold these investments and you receive a “Figures Not Final” Consolidated 1099, be assured that we will work to issue your finalized 1099 as soon as we receive final data from the issuers of your investments, which may be by mid-March.”

      Perhaps yours fell into one of these categories?

      Amanda L Grossman

  2. Thanks for the info. I do have REIT’s so that qualifies. Thanks againg.

    Lou Lucia


Powered by sweet Captcha


Previous article: «
Next article: »

Barclaycard Arrival Plus $400+ Offer

The Barclaycard offer is for 40,000 miles, which you can redeem for a $400...

Close