Can't make the April 18 tax filing deadline and need more time to file your tax return? You can get an automatic six month extension of time to file from the IRS. Here are important things you need to know about filing an extension:
- File on time even if you can't pay. If your return is completed but you are unable to pay the full amount of tax due, do not request an extension. File your return on time and pay as much as you can. The IRS will send you a bill or notice for the balance due. To apply online for a payment agreement, go to the IRS website at http://www.irs.gov/ and click "Apply for an Online Payment Agreement (OPA)" at the left side of the home page under Online Services. If you are unable to make payments, call the IRS at 800-829-1040 to discuss your options.
- Extra time to file. An extention will give you extra time to get your paperwork to the IRS, but it does not extend the time you have to pay any tax due. You will owe interest on any amount not paid by the April 18 deadline, plus you may owe penalties.
Please contact us if you need to file an extension.
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