Should You File An Extension For Your Personal Income Tax Return – Form

income tax return form April 15 is fast approaching but there’s no way you can get your personal income tax return done by after that,.

File an extension.

Perhaps you are wondering whether so it is top option for you. Another question isSo the question is this.

What’s a procrastinator to do? Besides, you can automatically extend the April 15 due date to October 15 by filing Form 4868, Application for Automatic Extension of Time To File Individual Income Tax Return. You don’t want to have a reason.

income tax return form The nice thing about Form 4868 is that simply filing this form grants an automatic, ‘no questions asked’ ‘6month’ extension. Here’s another important point about Form This 6 month extension is NOT an extension to pay any tax you may owe on the tax return. If you usually get a refund on your personal tax return, you are OK. Great, So if you are getting a refund. File the extension form and wait until October 15 to send in the return, if you’re not in a hurry to get the refund. The end result is this. Needless to say, while showing the Form 4868 payment as a credit, when October 15 rolls around, you send in the return. Obviously, the key there’s if you have a balance due on your return. Bottom line. Do not overlook the fact that Form 4868 does not grant you an extension of time to pay the tax. Brought to you by Wayne Davies.

Leave a Reply

Your email address will not be published. Required fields are marked *