2012 IRS Tax Form 1127-A - Hardship Extension

Income Tax  Forms  Federal  2012 IRS Tax Form 1127-A - Hardship Extension

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Use Form 1127-A to ask for relief from the failure-to-pay penalty, on your Form 1040, Form 1040A, or Form 1040EZ for 2011, due to economic hardship.

The penalty relief is available to two categories of taxpayers:

  • Wage earners who have been unemployed at least 30 consecutive days during 2011 or in 2012 up to the April 17, 2012 deadline for filing a federal tax return.
  • Self-employed individuals who experienced a 25 percent or greater reduction in business income in 2011 due to the economy.

To qualify for this relief, you must:

  1. Complete, sign and mail form 1127-A by April 17, 2012.
  2. The amount you owe must be less than $50,000.
  3. The tax, interest and any other penalties must be fully paid by Oct. 15, 2012.

See the instructions included with the form for more details.

Form 1127-A, Application for Extension of Time for Payment of Income Tax for 2011 Due to Undue Hardship

The file is in Adobe portable document format (PDF), which requires the use of Adobe Acrobat Reader.

Adobe Acrobat Reader is available, without charge, at the Adobe website.

For more information, see the IRS article on the Expanded Fresh Start Initiative.



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