File an Income Tax Extension Online.
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Get a 6-month tax extension in just 5 minutes. | |
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Anyone can extend automatically – the IRS doesn’t ask you for a reason. | |
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You’ll receive an email confirmation once your extension is IRS-approved. |
Personal Tax Extension > Form 4868
| • 1040 Individuals | • Single Member LLCs |
| • 1099 Contractors | • Sch. C Sole Proprietors |
Use coupon code LC20PER
Business Tax Extension > Form 7004
| • Corporations | • Multi-Member LLCs |
| • Partnerships | • Estates and Trusts |
Use coupon code LC20BIZ
Income Tax Extension
Filing an Income Tax Extension is super easy. But first, let's talk about what a tax extension is and what it is not. An “Income Tax Extension" is a way to ask the IRS for more time to file your income tax return. The deadline to file your tax return is April 15, 2009. Form 4868 will extend the deadline by six months. With an extension, your deadline to file a tax return is October 15, 2009. However, an extension of time to file is not an extension of time to pay. That means, if you owe, you should pay the IRS by the April 15th deadline to avoid penalties and interest. Peoples who want more time to file their income taxes can always file a form to request from the IRS a tax extension to pay tax returns, but there is also an option to outsource that task for a fee.
There are about 10 million businesses and 5 million individuals who file tax extensions annually out of the approximately 140 million U.S. tax filers. The IRS allows businesses to request a five-month extension while individuals can request up to six months to file their tax return. The IRS will approve an income extension request as long as the form is completed correctly and on time. The agency does not require individuals or businesses to state why they are requesting a tax extension on its form. While a number of online tax help firms offer assist in filing an income extension for individuals or for businesses.
The electronic service provided by IRS generates a confirmation once you are approved and if your extension request is rejected, you will get a reason why you are rejected for tax extension. If your name doesn't match with a Social Security number, IRS rejects your tax extension request. Fees for an income extension service currently are about $18 for personal tax extension form and $30 for a business tax extension.
We also have done its research on state laws regarding income tax extensions. Some states, but not all, say that if you have been approved for an extension on the federal level, you're automatically approved for the state tax extension. The IRS offers a page that lists links to state sites. However, you'll have to sift through a lot of data to find what you are looking for if you do your research via the IRS state page.
Filing Extension Is Not Extension Of Time to Pay
Approval of an income extension requested on Forms is automatic. Taxpayers do not need to sign the extension request or provide an explanation for requesting an extension. In addition, the IRS will no longer issue confirmation of receipt of the request and will issue a response only if the tax extension request is denied.
An extension of time to file is not an extension of time to pay. Taxpayers will owe interest on any past due tax and may be subject to a late payment penalty if payment is not made by the due date of the return. Simplifying, consolidating, and standardizing income extension forms is expected to reduce taxpayer burden and will also reduce taxpayer confusion and error about filing the correct form.