This Year's Tax Extension Deadline Falls On April 17th
Filing an IRS tax extension is simple and gives you an extra six months to complete your income taxes. The tax extension deadline is the same as the date to file your federal returns: April 17th. This means you have until then to submit your application for an automatic extension and until October 15th to file your 2011 taxes. You must, however, pay any taxes owed by the April deadline to avoid penalties and interest on the amount due; otherwise, the IRS typically charges 5 percent per month for a failure-to-file penalty, and 1/2 of 1 percent for interest.
The first step to filing an IRS tax extension is calculating how much money you owe the government. Our comprehensive Tax Projector makes this process quick and easy. Once you have estimated your tax liability, choose one of the options below to submit your IRS tax extension and payment
- By e-file: You can apply for an IRS tax extension through your tax preparer or tax preparation software. CompleteTax charges just $9.95 for an extension. You will need specific details from your 2010 tax return, such as the Adjusted Gross Income, so keep that statement handy. You can pay by electronic funds withdrawal, send in a check/money order, or hand over a credit or debit card number. (Note: IRS e-file and e-pay service providers will tack on a convenience fee for payments made online or by phone.)
- By U.S. mail: Download and complete Form 4868, Application For Automatic Extension of Time To File U.S. Individual Tax Return. Mail the form and your payment to the corresponding address listed on the application by the tax extension deadline. You can also pay by phone or Internet using the methods described for e-file.
No matter how you choose to give Uncle Sam his money, remember the tax extension deadline is April 17th this year. Even if you don't owe taxes and/or are due a refund, you must still request a federal extension if you cannot file your income taxes by this date.
Other extension articles:
Overview of an extension
State Tax Extension Forms & Deadlines
How to file an extension for your business
Filing an extension if out of the United States
Extension filing options
Who enforces state extension rules
Use CompleteTax to file an extension