Spring is here and the April 17th tax deadline will be here before we know it. But many of us will not be ready to file our federal tax returns in 6 days. Thankfully, the IRS allows you to request an extension of time to file your tax return. Here is how to file your IRS income tax extension online.
How to File Your IRS Income Tax Extension Online
Maybe you don’t have the paperwork you need, or you could be struggling to balance everything on your plate and you know you won’t have the time to prepare your tax return before the deadline. Well, fear not! If you are not ready to file your IRS Form 1040, you can file Federal Income Tax Extension Form 48
68 to get an automatic 6-month personal tax extension.
IRS 1040 Extension Form Instructions
IRS Form 4868 is an extension formally titled the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. If you submit your application to the IRS by midnight on April 17, 2018, you will receive an additional six months to file your tax return without incurring IRS penalties.
What You Will Need To File A Tax Extension?
The first thing you should know about filing an individual tax return extension is that “timely filing” rules apply. So you will need to e-file your forms by midnight on April 17th. If you file after this, the IRS will not accept your tax extension application.
Assuming you file on time, you will automatically receive six months to file your return to the IRS, and you will not subject to late-filing penalties. You will have until October 15th, 2018 to file your tax return.
To file for a tax return extension, you will need:
- Your name and address
- (Spouse’s name if filing jointly)
- Your Social Security Number (SSN)
- (Spouse’s SSN if filing jointly)
- Estimated total tax liability for the 2017 tax year
- Total 2017 tax withholdings and tax payments
- Estimated tax payment owed to the IRS (if any)
Remember that Form 4868 is an extension of time to file and not an extension of time to pay any owed taxes to the IRS. If you expect to owe any amount to the IRS, you will need to pay this amount when you file your tax return extension.
How to File Form 4868 Electronically?
Step 1: Calculate Estimated Taxes
You will need to estimate the amount of tax you owe if any. You can do this by subtracting your total tax withholding and your estimated tax payment from the tax amount you owe the IRS.
Step 2: Choose A Tax Preparation Software
ExpressExtension is an IRS-Authorized tax preparation software for e-filing your personal and business extension forms.
Once you have created a free account with ExpressExension click “Create Personal Tax Extension” from your account Dashboard. At this point, you can pay any income taxes due.
Your IRS 1040 extension form requires very minimal information, but we will guide you through step-by-step instruction to ensure your information is filed correctly.
You will need the following information to file your IRS Income Tax Extension:
- Social Security Number
Step 3: Submit Your IRS 1040 Extension Form to The IRS
Once you have completed and reviewed your IRS Income Tax Extension, you can then submit directly to the IRS. When the IRS accepts your form, you will be notified immediately via email.
Please keep in mind that while Form 4868 does provide you with an extension of time to file you are still required to pay 100 percent of your owed taxes. The deadline for submitting your Federal Income Tax payment is Tuesday, April 17, 2018.
Need More Time to File Your Personal Tax Return?
File your Form 4868 electronically with our sister product ExpressExtension, and you will receive an automatic 6-month extension of time to file your individual income tax return. Once you have filed Form 4868 electronically with the IRS, you will receive a confirmation email within 48 hours notifying you that your extension was accepted by the IRS.